OB Assets Ltd

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

Registered number: 11119850

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,225,143		3,600,000

			4,225,143		3,600,000
CURRENT ASSETS
Debtors	5	2,575		5,323
Cash at bank and in hand		167,900		39,253

		170,475		44,576
Creditors: Amounts Falling Due Within One Year	6	(879,799 )		(532,307 )

NET CURRENT ASSETS (LIABILITIES)			(709,324 )		(487,731 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,515,819		3,112,269

Creditors: Amounts Falling Due After More Than One Year	7		(2,309,625 )		(2,009,905 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(235,804 )		(213,437 )

NET ASSETS			970,390		888,927

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			970,389		888,926

SHAREHOLDERS' FUNDS			970,390		888,927

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OB Assets Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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

Mr Oliver Gilmartin

Director

31/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

OB Assets Ltd is a private company, limited by shares, incorporated in England & Wales.
Its registered number is 11119850 .

Its registered office is:

Ellerd House

Amenbury Lane

Harpenden

Herts

AL5 2EJ

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 is measured at the fair value of the consideration received or receivable. Turnover is reduced

for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied

• The Company has transferred to the buyer the significant risks and rewards of ownership of the

goods;

• The Company retains neither continuing managerial involvement to the degree usually associated

with ownership nor effective control over the goods sold;

• The amount of revenue can be measured reliably;

• It is probable that the economic benefits associated with the transaction will flow to the Company;

and

• The costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is

passed.

2.3. Tangible Fixed Assets and Depreciation

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit

and loss account.

No depreciation is provided in respect of investment properties.

Freehold	Annually Revalued
Leasehold	Annually Revalued

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.

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OB Assets Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost or Valuation
As at 1 January 2025	3,600,000
Additions	535,676
Revaluation	89,467

As at 31 December 2025	4,225,143

Net Book Value
As at 31 December 2025	4,225,143

As at 1 January 2025	3,600,000

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	3,319
Other debtors	2,575	2,004

	2,575	5,323

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OB Assets Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	13,219	2,077
Other creditors	866,580	530,230

	879,799	532,307

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	5,000	15,000
Other loans	2,304,625	1,994,905

	2,309,625	2,009,905

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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