Overlea Estates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Overlea Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07659567 . The registered office is 6 St John's Court, Vicars Lane, Chester, Cheshire, CH1 1QE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% Reducing balance
Fixtures & Fittings	33% Reducing balance
Computer Equipment	33% Straight line

2.4. Investment Properties

Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.

Investment properties shall be included in the balance sheet at their market value.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Overlea Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 November 2024	159,481	1,857	14,469	175,807

As at 31 October 2025	159,481	1,857	14,469	175,807

Depreciation
As at 1 November 2024	69,773	1,314	13,497	84,584
Provided during the period	22,427	543	622	23,592

As at 31 October 2025	92,200	1,857	14,119	108,176

Net Book Value
As at 31 October 2025	67,281	-	350	67,631

As at 1 November 2024	89,708	543	972	91,223

5. Investment Property

	2025
	£
Fair Value
As at 1 November 2024 and 31 October 2025	1,862,021

6. Stocks

	2025	2024
	£	£
Work in progress	265,453	238,750

7. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	300,304	175,249
Other debtors	2,266,028	2,595,899
Overlea Properties Limited	476,367	-
Directors' loan accounts	174,643	221,678
Blueoak Estates Limited	837,000	837,000
Curzon Developments Limited	831	125,660
Westminster Park Holdings Limited	-	50

	4,055,173	3,955,536

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Overlea Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	83,573	131,442
Other taxes and social security	1,171	1,114
VAT	13,889	44,181
Other creditors	508,774	282,386
Accruals and deferred income	246,459	126,456
Amounts owed to parent undertaking - Westminster Park Holdings Limited	201,950	-
Amounts owed to associates Overlea Properties Limited	-	333,508

	1,055,816	919,087

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	9,449	18,794
Other creditors	701,612	928,716

	711,061	947,510

10. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 November 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2025
	£	£	£	£	£
Mr Iain MacLean	110,839	-	23,518	-	87,321
Mrs Susana MacLean	110,839	-	23,518	-	87,321

The above loans are unsecured, interest free. The loans were repaid 30 July 2026

12. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 November 2024	756,450	4,245,095
Profit for the year and total comprehensive income	-	115,880

Dividends paid	-	(260,613)

As at 31 October 2025	756,450	4,100,362

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Overlea Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

13. Related Party Transactions

Overlea Properties Limited

Overlea Properties Limited is a company owned by Mr And Mrs Maclean. During the year, the company loaned £759,876 (2024: £595,126 by Overlea Properties Limited) to Overlea Properties Limited. The company also charged a management fee of £50,000 (2024; £50,000) to Overlea Properties Limited. At the balance sheet date £476,368 (2024: £333,508 to Overlea Properties Limited) was owed by Overlea Properties Limited.

Westminster Park Holdings Limited

Westminster Park Holdings Limited is the parent company and is also owned by Mr & Mrs Maclean, the directors. During the year the company loaned £202,000 (2024: £nil) from Westminster Park Holdings Limited. The company also paid dividends of £260,613 (2024; £nil) to Westminster Park Holdings Limited. At the balance sheet date £201,950 (2024: £50 due from ) was due to Westminster Park Holdings Limited.

Curzon Park Developments

Curzon Park Developments Limited is a company owned by Mrs Maclean. During the year, the company loaned £0 (2024: £0) to Curzon Park Developments Limited. At the balance sheet date £831 (2024: £125,660) was owed by Curzon Park Developments Limited.

Blueoak Estates Limited

Blueoak Estates Limited is a company that Mr Maclean is a director of. During the year the company charged management fees of £250,000 (2024; £235,000) to Blueoak Estates Limited

14. Ultimate Controlling Party

The company's ultimate controlling party is Westminster Park Holdings Limited by virtue of its ownership of 100% of the issued share capital in the company.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		67,631		91,223
Investment Properties	5		1,862,021		1,862,021

			1,929,652		1,953,244
CURRENT ASSETS
Stocks	6	265,453		238,750
Debtors	7	4,055,173		3,955,536
Cash at bank and in hand		373,511		720,712

		4,694,137		4,914,998
Creditors: Amounts Falling Due Within One Year	8	(1,055,816 )		(919,087 )

NET CURRENT ASSETS (LIABILITIES)			3,638,321		3,995,911

TOTAL ASSETS LESS CURRENT LIABILITIES			5,567,973		5,949,155

Creditors: Amounts Falling Due After More Than One Year	9		(711,061 )		(947,510 )

NET ASSETS			4,856,912		5,001,645

CAPITAL AND RESERVES
Called up share capital	10		100		100
Revaluation reserve	12		756,450		756,450
Profit and Loss Account			4,100,362		4,245,095

SHAREHOLDERS' FUNDS			4,856,912		5,001,645