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Registered number: 04506686
Overdrive Enterprises Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Staceys Accountants Limited
Chartered Accountants
Eastway Enterprise Centre
7 Paynes Park
Hitchin
Herts
SG5 1EH
Overdrive Enterprises Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Overdrive Enterprises Limited
Balance Sheet
As At 31 August 2025
Balance Sheet
Registered number: 04506686

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 370 |  | 722
Investment Properties | 5 |  | 1,725,000 |  | 1,725,000
|  |  | 1,725,370 |  | 1,725,722
CURRENT ASSETS
Cash at bank and in hand |  | 20,268 |  | 10,658 |
|  | 20,268 |  | 10,658 |
Creditors: Amounts Falling Due Within One Year | 6 | (557,039 ) |  | (578,998 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (536,771 ) |  | (568,340 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,188,599 |  | 1,157,382
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (210,436 ) |  | (210,436 )
NET ASSETS |  |  | 978,163 |  | 946,946
CAPITAL AND RESERVES
Called up share capital | 8 |  | 2 |  | 2
Profit and Loss Account |  |  | 978,161 |  | 946,944
SHAREHOLDERS' FUNDS |  |  | 978,163 |  | 946,946

Page 1
Page 2
Overdrive Enterprises Limited
Balance Sheet (continued)
As At 31 August 2025
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mrs Dragana Cranston Director
18 May 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Overdrive Enterprises Limited
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
Overdrive Enterprises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04506686 . The registered office is 7 Hanover Grange, Harpenden, AL5 3BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents rents receivable from property lettings.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment | 4 years straight line

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Financial Instruments
The company only enters into basic financial instruments that result in the recognition of financial assets or liabilities like trade debtors, other debtors, trade creditors and other creditors, loans from banks or other third parties and loans to/from related parties.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
Overdrive Enterprises Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
4. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 September 2024 | 1,409
As at 31 August 2025 | 1,409
Depreciation
As at 1 September 2024 | 687
Provided during the period | 352
As at 31 August 2025 | 1,039
Net Book Value
As at 31 August 2025 | 370
As at 1 September 2024 | 722

5. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 September 2024 and 31 August 2025 | 1,725,000

If the investment properties had been accounted for under historical cost accounting rules, the amounts would be:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 883,257 |  | 883,257

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Corporation tax | 7,506 |  | 7,757
Accruals and deferred income | 2,613 |  | 2,613
Directors' loan accounts | 546,920 |  | 568,628
| 557,039 |  | 578,998

7. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 September 2024 | 210,436 | 210,436
Balance at 31 August 2025 | 210,436 | 210,436

Page 4
Page 5
Overdrive Enterprises Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

9. Reserves

| Profit and Loss Account
--- | ---
| £
As at 1 September 2024 | 946,944
Profit for the year and total comprehensive income | 31,717
Dividends paid | (500)
As at 31 August 2025 | 978,161

£631,307 of the reserves are not distributable as they arise out of the unrealised gains from the revaluation of the investment property. The distributable reserves amount to £346,854.
Page 5