REGISTERED NUMBER: 12172307 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

OKAY HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A S Kay

N H Hollobone

REGISTERED OFFICE:

Eagle Avenue

Magnetic Park

Desborough

Northamptonshire

NN14 2WD

REGISTERED NUMBER:

12172307 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

Unit 2 Charnwood Edge Business Park

Syston Road, Leicester

LE7 4UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Tangible assets

4

3,429,048

3,474,583

Investments

5

114,199

114,199

3,543,247

3,588,782

CURRENT ASSETS

Cash at bank

115,314

120,995

CREDITORS

Amounts falling due within one year

6

(590,978

)

(700,886

)

NET CURRENT LIABILITIES

(475,664

)

(579,891

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,067,583

3,008,891

CREDITORS

Amounts falling due after more than one year

7

(887,680

)

(1,007,897

)

PROVISIONS FOR LIABILITIES

(50,000

)

(50,000

)

NET ASSETS

2,129,903

1,950,994

CAPITAL AND RESERVES

Called up share capital

16,020

16,020

Retained earnings

2,113,883

1,934,974

2,129,903

1,950,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2026 and were signed on its behalf by:

N H Hollobone - Director

1.	STATUTORY INFORMATION

Okay Holdings Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is Eagle Avenue, Magnetic Park, Desborough, Northamptonshire, United Kingdom, NN14 2WD and the registered number is 12172307.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors believe that the company will remain profitable going forward and has sufficient resources to meet its liabilities for at least twelve months from signing these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Land and buildings freehold

2%, 10% and 15% p.a on cost

Plant and machinery

15% and 25% p.a on written down value; 20% - 33% p.a on cost

Fixtures, fittings & equipment

10% p.a. on written down value

Computer equipment

25% p.a. on written down value; 20%-25% p.a. on cost

Freehold land is not depreciated.

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Investments in subsidiaries

Investment in the subsidiary company is held at cost less accumulated impairment losses.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes as financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors 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 payments discounted at a market rate of interest.

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

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

land &

Plant and

and

Computer

buildings

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 November 2024

3,740,399

982,396

169,251

349,970

5,242,016

Additions

37,521

4,275

-

4,861

46,657

At 31 October 2025

3,777,920

986,671

169,251

354,831

5,288,673

DEPRECIATION

At 1 November 2024

550,907

726,946

154,588

334,992

1,767,433

Charge for year

43,711

35,792

5,659

7,030

92,192

At 31 October 2025

594,618

762,738

160,247

342,022

1,859,625

NET BOOK VALUE

At 31 October 2025

3,183,302

223,933

9,004

12,809

3,429,048

At 31 October 2024

3,189,492

255,450

14,663

14,978

3,474,583

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2024

and 31 October 2025

114,199

NET BOOK VALUE

At 31 October 2025

114,199

At 31 October 2024

114,199

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

129,968

139,720

Amounts owed to group undertakings

416,142

540,682

Tax

32,537

8,155

VAT

10,525

10,525

Accruals and deferred income

1,806

1,804

590,978

700,886

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

887,680

1,007,897

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,017,648

1,147,617

The bank loans are secured by fixed charges over the company's assets.