Olly Withers Property Limited


Directors	Withers, Gary Mark
	Withers, Oliver Kane


Registered Address	Grove House
	2 Woodberry Grove
	London
	N12 0DR


Registered Number	14230380 (England and Wales)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		15,811		19,764
Investment property	4		464,030		464,030
			479,841		483,794
Current assets
Debtors		39,730		3,171
Cash at bank and on hand		3,868		966
		43,598		4,137
Creditors amounts falling due within one year	5	(84,465)		(87,489)
Net current assets (liabilities)			(40,867)		(83,352)
Total assets less current liabilities			438,974		400,442
Creditors amounts falling due after one year	6		(473,722)		(418,383)
Net assets			(34,748)		(17,941)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(34,848)		(18,041)
Shareholders' funds			(34,748)		(17,941)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 21 July 2026, and are signed on its behalf by:

Withers, Oliver Kane
Director
Registered Company No. 14230380

Olly Withers Property Limited

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost and are stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost and are stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 August 24	24,705	24,705
At 31 July 25	24,705	24,705
Depreciation and impairment
At 01 August 24	4,941	4,941
Charge for year	3,953	3,953
At 31 July 25	8,894	8,894
Net book value
At 31 July 25	15,811	15,811
At 31 July 24	19,764	19,764

4.	Investment property


		£
	Fair value at 01 August 24	464,030
	At 31 July 25	464,030

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Other creditors	82,185	86,409
Accrued liabilities and deferred income	2,280	1,080
Total	84,465	87,489

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	449,247	387,457
Amounts owed to related parties	24,475	30,926
Total	473,722	418,383

7.	Related party transactions
	As at the balance sheet date, the following balances exist within the financial statements: Oliver Withers - as director of the company, he is owed £24,475 (2024: £30,926) presented within other creditors. This constitutes an interest free loan with no fixed repayment date. Wayward Pines Ltd - a company related via common control, a balance sheet of £24,475 (2024: £30,926) is presented within creditors.

Related party transactions

As at the balance sheet date, the following balances exist within the financial statements:

Oliver Withers - as director of the company, he is owed £24,475 (2024: £30,926) presented within other creditors. This constitutes an interest free loan with no fixed repayment date.
Wayward Pines Ltd - a company related via common control, a balance sheet of £24,475 (2024: £30,926) is presented within creditors.