REGISTERED NUMBER: 04414567 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

OLDFIELD LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

G Lubelsky

REGISTERED OFFICE:

12 Elm Park Avenue

London

N15 6AT

REGISTERED NUMBER:

04414567 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

5

3,492

4,107

Investments

6

44,100

44,100

Investment property

7

10,621,724

10,579,454

10,669,316

10,627,661

CURRENT ASSETS

Debtors

8

27,279

26

Cash at bank

478,945

260,118

506,224

260,144

CREDITORS

Amounts falling due within one year

9

(1,941,907

)

(1,956,632

)

NET CURRENT LIABILITIES

(1,435,683

)

(1,696,488

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,233,633

8,931,173

CREDITORS

Amounts falling due after more than one year

10

(443,272

)

(496,062

)

PROVISIONS FOR LIABILITIES

(109,003

)

(109,003

)

NET ASSETS

8,681,358

8,326,108

CAPITAL AND RESERVES

Called up share capital

13

5,278,536

5,278,536

Revaluation reserve

14

1,007,072

1,007,072

Fair value reserve

14

573,700

573,700

Retained earnings

14

1,822,050

1,466,800

SHAREHOLDERS' FUNDS

8,681,358

8,326,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 June 2026 and were signed by:

G Lubelsky - Director

1.	STATUTORY INFORMATION

Oldfield 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

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

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 October 2024

and 30 September 2025

33,717

DEPRECIATION

At 1 October 2024

29,610

Charge for year

615

At 30 September 2025

30,225

NET BOOK VALUE

At 30 September 2025

3,492

At 30 September 2024

4,107

6.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 October 2024

and 30 September 2025

44,100

NET BOOK VALUE

At 30 September 2025

44,100

At 30 September 2024

44,100

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

10,579,454

Additions

42,270

At 30 September 2025

10,621,724

NET BOOK VALUE

At 30 September 2025

10,621,724

At 30 September 2024

10,579,454

Fair value at 30 September 2025 is represented by:

£

Valuation in 2017

1,007,072

Valuation in 2021

573,700

Cost

9,040,952

10,621,724

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

26,364

26

Other debtors

915

-

27,279

26

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Taxation and social security

68,429

81,594

Other creditors

1,873,478

1,875,038

1,941,907

1,956,632

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans (see note 11)

443,272

496,062

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

419,084

466,123

Bank loans

24,188

29,939

443,272

496,062

11.

LOANS

An analysis of the maturity of loans is given below:

30.9.25

30.9.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

419,084

466,123

Bank loans

24,188

29,939

443,272

496,062

12.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank loans

443,272

496,062

The bank loans are secured by a first charge over the company's investment properties and bear interest at variable rates.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

5,278,536

Ordinary

£1

5,278,536

5,278,536

14.

RESERVES

Fair

Retained

Revaluation

value

earnings

reserve

reserve

Totals

£

£

£

£

At 1 October 2024

1,466,800

1,007,072

573,700

3,047,572

Profit for the year

355,250

355,250

At 30 September 2025

1,822,050

1,007,072

573,700

3,402,822

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Lubelsky.