Registration number: 02585787

Olandale Limited

Contents

Statement of Income and Retained Earnings	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Olandale Limited

Statement of Income and Retained Earnings for the Year Ended 28 February 2026

	Note	2026 £	2025 £
Turnover		83,372	97,589
Administrative expenses		(85,918)	(73,074)
Operating (loss)/profit		(2,546)	24,515
Other interest receivable and similar income		9,044	8,524
Interest payable and similar charges		(6,454)	(6,453)
		2,590	2,071
Profit before tax		44	26,586
Taxation		7	(5,024)
Profit for the financial year		51	21,562
Retained earnings brought forward		665,793	646,496
Dividends paid		(2,265)	(2,265)
Retained earnings carried forward		663,579	665,793

Olandale Limited

(Registration number: 02585787)
Statement of Financial Position as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	1,743	1,350
Investment property	5	1,143,776	1,143,776
		1,145,519	1,145,126
Current assets
Debtors	6	9,473	13,897
Cash at bank and in hand		237,562	246,175
		247,035	260,072
Creditors: Amounts falling due within one year	7	(20,912)	(31,335)
Net current assets		226,123	228,737
Total assets less current liabilities		1,371,642	1,373,863
Creditors: Amounts falling due after more than one year	7	(181,799)	(181,799)
Provisions for liabilities		(65,576)	(65,583)
Net assets		1,124,267	1,126,481
Capital and reserves
Called up share capital		50,100	50,100
Other reserves		410,588	410,588
Profit and loss account		663,579	665,793
Shareholders' funds		1,124,267	1,126,481

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 12 May 2026 and signed on its behalf by:
 

Olandale Limited

(Registration number: 02585787)
Statement of Financial Position as at 28 February 2026

......................................... Mr T Robinson Director

Olandale Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Rosebank Tape Lane, Hurst, Reading, Berkshire, RG10 0DP.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of services provided and rental income received in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Olandale Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance
Office equipment	25% reducing balance

Investment property

Investment property, being property held to earn rentals or for capital appreciation or both, is measured initially at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Olandale Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 March 2025	8,249	4,508	12,757
Additions	-	1,198	1,198
Disposals	-	(938)	(938)
At 28 February 2026	8,249	4,768	13,017
Depreciation
At 1 March 2025	8,092	3,315	11,407
Charge for the year	40	543	583
Eliminated on disposal	-	(716)	(716)
At 28 February 2026	8,132	3,142	11,274
Carrying amount
At 28 February 2026	117	1,626	1,743
At 28 February 2025	157	1,193	1,350

5	Investment properties

	2026 £
At 1 March	1,143,776
At 28 February	1,143,776

Investment properties were revalued by the directors in 2022 with reference to estimated current market values of similar properties advertised for sale at the time. The directors consider that the 2022 valuations still reflect fair values as at the current year end date.

Olandale Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

6

Debtors

	2026 £	2025 £
Other debtors	8,875	13,348
Prepayments	598	549
	9,473	13,897

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Taxation and social security	-	5,137
Accruals and deferred income	2,244	2,166
Other creditors	18,668	24,032
	20,912	31,335

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Loans and borrowings	8	181,799	181,799

Creditors include a bank loan not repayable by instalments of £181,799 (2025 - £181,799) due after more than five years. The loan is secured by way of a legal mortgage charged against the property to which it relates.

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	181,799	181,799

9	Related party transactions

The directors have given personal guarantees in respect of the company's bank loan.