Okarito (UK) Ltd - Filleted accounts

Registered number

04237128

Okarito (UK) Ltd

Filleted Accounts

31 October 2025

Okarito (UK) Ltd
Report and accounts
Contents




Page

Company information	1
Director's report	1
Profit and loss account	2
Balance sheet	3
Notes to the accounts	5

Okarito (UK) Ltd
Registered number:		04237128
Director's Report

The director presents his report and accounts for the year ended 31 October 2025.

Principal activities
The company's principal activity during the year continued to be the provision of film, video and other media services (including the creation and hosting of online media-rich websites) and the provision of escape games. During the year, the company's activities extended to include farming and the company became a partner in a farming partnership: Penrallt Farm. The partnership owns and manages a dairy herd for the purposes of producing and selling milk and other dairy products. It is also in the process of expanding to incorporate beef production.

Directors
The following persons served as directors during the year:

	David N L Young (who holds 1000 shares)

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 28 July 2026 and signed on its behalf.





David N L Young
Director

Okarito (UK) Ltd
Profit and Loss Account
for the year ended 31 October 2025


	2025		2024
£		£

Turnover	485,492		410,766

Cost of sales	(168,246)		(243,704)

Gross profit	317,246		167,062

Administrative expenses	(185,456)		(166,219)

Operating profit	131,790		843

Share of loss from farming partnership	(14,353)		-
Interest receivable	35,451		58,614

Profit before taxation	152,888		59,457

Tax on profit	(39,344)		(17,576)

Profit for the financial year	113,544		41,881

Okarito (UK) Ltd
Registered number:		04237128
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		401,161			405,609
Investments	4		437,558			66,600
			838,719			472,209

Current assets
Debtors	5	196,800			346,800
Cash at bank and in hand		662,481			813,970
		859,281			1,160,770

Creditors: amounts falling due within one year	6	(87,017)			(94,540)

Net current assets			772,264			1,066,230

Net assets			1,610,983			1,538,439

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			1,609,983			1,537,439

Shareholder's funds			1,610,983			1,538,439

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




David N L Young
Director
Approved by the board on 28 July 2026

Okarito (UK) Ltd
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	25% RBM
	Fixtures, fittings, tools and equipment	25% RBM

	Investments
	Listed investments are measured at fair value. The company is a partner in Penrallt Farm farming partnership. The company's share of the profits/losses of this partnership is shown as a separate line item on the detailed schedule of profit and loss in the full (unabridged) statutory accounts. In these notes, 'Interest in farming partnership' equals the sum of the balances held in the capital and partner accounts of Penrallt Farm Partnership as at the balance sheet date, including the cumulative profit/loss. Partnership interest is accounted for using the equity method under FRS 102 (Sections 14/15) Other unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		4


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 November 2024	387,816		231,656		619,472
	At 31 October 2025	387,816		231,656		619,472

	Depreciation
	At 1 November 2024	-		213,863		213,863
	Charge for the year	-		4,448		4,448
	At 31 October 2025	-		218,311		218,311

	Net book value
	At 31 October 2025	387,816		13,345		401,161
	At 31 October 2024	387,816		17,793		405,609


4	Investments
Interest in
farming
partnership
£
	Cost
	At 1 November 2024					66,600
	Additions					385,311
	Share of profit/loss					(14,353)

	At 31 October 2025					437,558
	The company is a partner in Penrallt Farm farming partnership whose principal place of business is Penrallt, Llanfarian, Aberystwyth SY23 4QN. The partnership owns and manages a dairy herd for the purposes of producing and selling milk and other dairy products. It is also in the process of expanding to incorporate beef production. 'Interest in farming partnership' equals the sum of the balances held in the capital and partner accounts (including the cumulative profit/loss) of Penrallt Farm Partnership.


5	Debtors			2025		2024
£					£

	Trade debtors			196,800		346,800


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			686		2,192
	Taxation and social security costs			85,786		86,820
	Other creditors			545		5,528
				87,017		94,540


7	Related party transactions

	During the year Okarito (UK) Ltd invoiced Replay Ltd £395000. The director and principal shareholder of Okarito (UK) Ltd is David Young who is also the director and principal shareholder of Replay Ltd During the year Replay Ltd invoiced Okarito (UK) Ltd £5000. The director and principal shareholder of Okarito (UK) Ltd is David Young who is also the director and principal shareholder of Replay Ltd At the year end REPLAY LTD owed Okarito (UK) Ltd £196800. The director and principal shareholder of Okarito (UK) Ltd is David Young who is also the director and principal shareholder of Replay Ltd Okarito (UK) Ltd is a partner in Penrallt Farm. This is a trading partnership. The financial relationship with the partnership is detailed in these accounts under the line items relating to 'trading partnership'. Replay Ltd is also a partner in Penrallt Farm. The director and principal shareholder of Okarito (UK) Ltd is David Young who is also the director and principal shareholder of Replay Ltd


8	Other information

	Okarito (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	36 Ritherdon Rd
	LONDON
	SW17 8QF