REGISTERED NUMBER: 11683708 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

Odiliaclark Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D F Hammond

D R Whiffin

REGISTERED OFFICE:

Aerospace Logistics Centre

Fifth Avenue

Letchworth

Hertfordshire

SG6 2TS

REGISTERED NUMBER:

11683708 (England and Wales)

AUDITORS:

Godfrey Laws Audit Limited

65 Knowl Piece

Wilbury Way

Hitchin

Hertfordshire

SG4 0TY

FIXED ASSETS

Intangible assets

4

21,150

24,150

Tangible assets

5

1,682

3,488

Investments

6

839

15,075

23,671

42,713

CURRENT ASSETS

Stocks

39,497

36,478

Debtors

7

182,784

71,043

Cash at bank

10,134

13,643

232,415

121,164

CREDITORS

Amounts falling due within one year

8

273,420

180,507

NET CURRENT LIABILITIES

(41,005

)

(59,343

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,334

)

(16,630

)

CREDITORS

Amounts falling due after more than one year

9

-

4,448

NET LIABILITIES

(17,334

)

(21,078

)

CAPITAL AND RESERVES

Called up share capital

11

138

139

Capital redemption reserve

1

-

Retained earnings

(17,473

)

(21,217

)

SHAREHOLDERS' FUNDS

(17,334

)

(21,078

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by:

D F Hammond - Director

1.	STATUTORY INFORMATION

Odiliaclark Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Preparation of consolidated financial statements

The financial statements contain information about Odiliaclark Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Specialist Aviation Holding Ltd, Aerospace Logistics Centre,Unit 2B Dunhams Lane, Letchworth Garden City, Hertfordshire, SG6 1BE.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Turnover consists of services in specialist impairment risk management.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiaries are associated undertakings are stated at cost less impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 September 2024

and 31 August 2025

30,000

AMORTISATION

At 1 September 2024

5,850

Amortisation for year

3,000

At 31 August 2025

8,850

NET BOOK VALUE

At 31 August 2025

21,150

At 31 August 2024

24,150

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

2,094

7,785

9,879

DEPRECIATION

At 1 September 2024

1,719

4,672

6,391

Charge for year

125

1,681

1,806

At 31 August 2025

1,844

6,353

8,197

NET BOOK VALUE

At 31 August 2025

250

1,432

1,682

At 31 August 2024

375

3,113

3,488

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2024

15,075

Additions

839

Impairments

(15,075

)

At 31 August 2025

839

NET BOOK VALUE

At 31 August 2025

839

At 31 August 2024

15,075

The company acquired a 100% holding in Odiliaclark Private Ltd, a company registered in India.

During the year an impairement review was undertaken in the investment held in Kura Human Factors Ltd

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

134,327

51,446

Amounts owed by group undertakings

-

535

Other debtors

48,457

19,062

182,784

71,043

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

5,083

8,405

Trade creditors

104,967

109,731

Amounts owed to group undertakings

47,065

20,437

Taxation and social security

25,952

14,297

Other creditors

90,353

27,637

273,420

180,507

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

-

4,448

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.8.25

31.8.24

£

£

Within one year

16,662

8,914

Between one and five years

-

8,914

16,662

17,828

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

13,462

Ordinary

£.01

135

135

3

Ordinary B shares

£1

3

4

138

139

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Howard Ashmore FCA (Senior Statutory Auditor)

for and on behalf of Godfrey Laws Audit Limited

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date, the director Mr D R Whiffin, owed £79 to the company.

14.	RELATED PARTY DISCLOSURES

At the balance sheet date, the following amounts are due to companies under common control

31.08.2025

31.08.2024

£

£

Specialist Aviation Holding Limited

44,512

20,437

At the balance sheet date, the following amounts are due from companies under common control

31.08.2025

31.08.2024

£

£

Kura Human Factors Limited

1,714

535

The controlling party is D F Hammond.

15.	ULTIMATE PARENT COMPANY

During the year, the ultimate parent company and controlling party was Specialist Aviation Holdings Limited.

Subsequent to the year end, the ultimate parent company was changed to DH Holdings Limited.

The registered office of the ultimate parent company is:

Aerospace Logistics Centre

Fifth Avenue

Letchworth Garden City

Herts

SG6 2TS

The ultimate parent company is incorporated in England and Wales.

16.	GOING CONCERN

At the balance sheet date the company had net current liabilities, the parent company will continue to support the company for the next 12 months.