REGISTERED NUMBER: 01373362 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

OSTARVEN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr O J Calloway

Mr D A Munnings

REGISTERED OFFICE:

10 Whiting Street

Bury St Edmunds

Suffolk

IP33 1NX

REGISTERED NUMBER:

01373362 (England and Wales)

ACCOUNTANTS:

Twinn Accountants Limited

Suite 4, East Barton Barns

East Barton Road

Great Barton

Bury St. Edmunds

Suffolk

IP31 2QY

FIXED ASSETS

Tangible assets

4

264,740

24,851

CURRENT ASSETS

Stocks

5

129,283

138,233

Debtors

6

6,810

9,613

Cash at bank and in hand

12,717

29,676

148,810

177,522

CREDITORS

Amounts falling due within one year

7

70,790

77,615

NET CURRENT ASSETS

78,020

99,907

TOTAL ASSETS LESS CURRENT LIABILITIES

342,760

124,758

CREDITORS

Amounts falling due after more than one year

8

(244,018

)

(17,342

)

PROVISIONS FOR LIABILITIES

(4,636

)

(4,722

)

NET ASSETS

94,106

102,694

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

93,106

101,694

SHAREHOLDERS' FUNDS

94,106

102,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2026 and were signed on its behalf by:

Mr D A Munnings - Director

1.	STATUTORY INFORMATION

Ostarven 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

not provided

Workshop & office equipment

-

20% on cost

Motor vehicles

-

20% on cost

Equipment

-

20% on cost

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the asset's fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of the capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest of the remaining balance of the liability.

Rentals payable under the operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

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 5 (2025 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Workshop

Long

& office

Motor

leasehold

equipment

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

-

8,904

30,648

1,797

41,349

Additions

240,341

402

11,832

172

252,747

Disposals

-

-

(12,282

)

-

(12,282

)

At 31 March 2026

240,341

9,306

30,198

1,969

281,814

DEPRECIATION

At 1 April 2025

-

4,693

11,163

642

16,498

Charge for year

-

1,633

6,039

394

8,066

Eliminated on disposal

-

-

(7,490

)

-

(7,490

)

At 31 March 2026

-

6,326

9,712

1,036

17,074

NET BOOK VALUE

At 31 March 2026

240,341

2,980

20,486

933

264,740

At 31 March 2025

-

4,211

19,485

1,155

24,851

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

30,165

Additions

11,832

Disposals

(11,799

)

At 31 March 2026

30,198

DEPRECIATION

At 1 April 2025

10,753

Charge for year

6,039

Eliminated on disposal

(7,079

)

At 31 March 2026

9,713

NET BOOK VALUE

At 31 March 2026

20,485

At 31 March 2025

19,412

5.

STOCKS

2026

2025

£

£

Stocks

129,283

138,233

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

234

1,108

Prepayments

6,576

8,505

6,810

9,613

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

2,248

10,446

Hire purchase contracts (see note 9)

3,075

9,174

Trade creditors

29,241

31,829

Corporation tax

6,328

5,358

Social security & other taxes

2,926

1,787

VAT

4,282

2,304

Other creditors

3,455

4,086

Directors' current accounts

16,936

9,461

Accrued expenses

2,299

3,170

70,790

77,615

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

2,405

2,582

Bank loans - 2-5 years

5,324

-

Bank loans more 5 yr by instal

130,618

-

Hire purchase contracts (see note 9)

22,826

14,760

Directors' loan accounts

82,845

-

244,018

17,342

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

130,618

-

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

3,075

9,174

Between one and five years

22,826

14,760

25,901

23,934

Non-cancellable

operating leases

2026

2025

£

£

Within one year

-

16,917

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

140,595

13,028

At 31 March 2026, bank loans comprised a mortgage with National Westminster Bank plc secured by a first legal charge over the company's long leasehold property. The comparative balance related to a Bounce Back Loan, which was repaid during the year.