Company Registration No. 10836198 (England and Wales)
Ohana Capital Limited
Unaudited financial statements
for the year ended 30 June 2025
Pages for filing with the registrar
Ohana Capital Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 10
Ohana Capital Limited
Statement of financial position
As at 30 June 2025
1
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
3
77,915
10,955
Investment property
4
1,623,922
1,584,922
Investments
5
1,766,904
1,610,099
3,468,741
3,205,976
Current assets
Debtors
6
233,253
266,185
Cash at bank and in hand
1,309
1,245,887
234,562
1,512,072
Creditors: amounts falling due within one year
7
(335,026)
(55,496)
Net current (liabilities)/assets
(100,464)
1,456,576
Total assets less current liabilities
3,368,277
4,662,552
Creditors: amounts falling due after more than one year
8
(547,201)
(1,954,701)
Provisions for liabilities
(106,317)
(37,146)
Net assets
2,714,759
2,670,705
Capital and reserves
Called up share capital
222,530
222,530
Share premium account
2,002,500
2,002,500
Revaluation reserve
271,064
324,993
Profit and loss reserves
218,665
120,682
Total equity
2,714,759
2,670,705
Ohana Capital Limited
Statement of financial position (continued)
As at 30 June 2025
2

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 8 May 2026 and are signed on its behalf by:
Joseph McKenna
Director
Company Registration No. 10836198
Ohana Capital Limited
Notes to the financial statements
For the year ended 30 June 2025
3
1
Accounting policies
Company information

Ohana Capital Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Hids Copse Road, Oxford, England, OX29JJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services and rent provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity shares are recognised in income where receivable.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
5 Years straight line
Fixtures and fittings
5 Years straight line
Computers
3 Years straight line
Motor vehicles
20% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

Ohana Capital Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
1
Accounting policies (continued)
4
1.5
Fixed asset investments

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Ohana Capital Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
1
Accounting policies (continued)
5
Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Ohana Capital Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
1
Accounting policies (continued)
6
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
Ohana Capital Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
7
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024
16,365
Additions
86,100
At 30 June 2025
102,465
Depreciation and impairment
At 1 July 2024
5,410
Depreciation charged in the year
19,140
At 30 June 2025
24,550
Carrying amount
At 30 June 2025
77,915
At 30 June 2024
10,955
4
Investment property
2025
£
Fair value
At 1 July 2024
1,584,922
Revaluations
39,000
At 30 June 2025
1,623,922

Investment propert ies comprises two residential propert ies. The fair value of the investment property has been determined by the directors by reference to house prices for similar properties in the same area.The historical cost of the investment properties at the balance sheet date was £1,870,180 (2024: £1,870,180).

5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
9,300
-
0
Loans to group undertakings and participating interests
101,995
-
0
Other investments other than loans
1,655,609
1,610,099
1,766,904
1,610,099
Fixed asset investments revalued

The market value of quoted investments has been provided by Interactive Brokers (U.K.) Limited as at 3 0 June 202 5. At the year end the cost of quoted investments was £1,267,518 (202 4: £1,176,775).

Ohana Capital Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
5
Fixed asset investments (continued)
8
Fixed asset investments not carried at market value

The value of unquoted investments is determined other than by reference to market value because no active market exists for these investments and reliable fair values cannot be obtained without undue cost or effort. Accordingly, the directors consider cost to be the most appropriate and reliable basis for valuation.

Movements in fixed asset investments
Shares in associates
Loans to associates
Other investments
Total
£
£
£
£
Cost or valuation
At 1 July 2024
-
-
1,610,099
1,610,099
Additions
9,300
101,995
919,745
1,031,040
Valuation changes
-
-
111,413
111,413
Foreign exchange movement
-
-
(47,775)
(47,775)
Disposals
-
-
(937,873)
(937,873)
At 30 June 2025
9,300
101,995
1,655,609
1,766,904
Carrying amount
At 30 June 2025
9,300
101,995
1,655,609
1,766,904
At 30 June 2024
-
-
1,610,099
1,610,099
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
5,537
41,814
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
227,716
224,371
Total debtors
233,253
266,185
Ohana Capital Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
9
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
290,323
13,129
Trade creditors
-
0
3,900
Corporation tax
30,429
26,836
Other taxation and social security
3,112
4,338
Other creditors
11,162
7,293
335,026
55,496
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
547,201
1,954,701
9
Related party transactions

Balance of £547,201 (2024: £1,954,701) included in other creditors due after more than one year relates to a loan provided by the company's directors. No interest is charged on the loan. The loan is repayable in November 2027.

10
Prior period adjustment
Reconciliation of changes in equity
The prior period adjustments do not give rise to any effect upon equity.
1 July
30 June
2023
2024
Notes
£
£
Analysis of the effect upon equity
Share capital
1
(2)
(2)
Revaluation reserve
2
254,258
213,944
Profit and loss reserves
(254,256)
(213,942)
-
-
Notes to reconciliation
1) Share capital

The company has a share nominal value of £0.10 per share. Certain classes of shares had been recorded at a rounded nominal value the nearest £1, as a result of the rounding the share capital had been overstated. The error has now been corrected with the excess previously recorded as share capital reclassified to profit and loss reserve.

Ohana Capital Limited
Notes to the financial statements (continued)
For the year ended 30 June 2025
10
Prior period adjustment (continued)
10
2) Revaluation reserve

In prior period s, a decrease in the fair value of investment property was incorrectly recorded within the revaluation reserve. The downward revaluations of investment property should be recognised in profit or loss, unless reversing a previous upward revaluation of the same asset.

This loss has now been reclassified from the revaluation reserve to profit and loss reserve, with no impact on total equity or on the prior year’s profit.

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