REGISTERED NUMBER: 00538335 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2025

FOR

H.E.OLBY & CO.LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr H E Olby

SECRETARY:

Mr H E Olby

REGISTERED OFFICE:

299-313 Lewisham High Street

Lewisham

London

SE13 6NW

REGISTERED NUMBER:

00538335 (England and Wales)

ACCOUNTANTS:

Honey Barrett Limited

Chartered Accountants

53 Gildredge Road

Eastbourne

East Sussex

BN21 4SF

FIXED ASSETS

Tangible assets

5

211,087

242,969

Investment property

6

2,585,000

2,585,000

2,796,087

2,827,969

CURRENT ASSETS

Stocks

7

667,696

673,605

Debtors

8

90,155

83,520

Cash at bank and in hand

1,384,120

1,165,127

2,141,971

1,922,252

CREDITORS

Amounts falling due within one year

9

300,932

279,419

NET CURRENT ASSETS

1,841,039

1,642,833

TOTAL ASSETS LESS CURRENT LIABILITIES

4,637,126

4,470,802

PROVISIONS FOR LIABILITIES

10

319,989

375,601

NET ASSETS

4,317,137

4,095,201

CAPITAL AND RESERVES

Called up share capital

11

40,000

40,000

Revaluation reserve

1,346,505

1,609,222

Retained earnings

2,930,632

2,445,979

SHAREHOLDERS' FUNDS

4,317,137

4,095,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2026 and were signed by:

Mr H E Olby - Director

1.	STATUTORY INFORMATION

H.e.olby & Co.limited 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.	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 is recognised as the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Equipment

-

10% on reducing balance

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

Plant and

and

to property

machinery

fittings

£

£

£

COST

At 1 January 2025

and 31 December 2025

285,478

3,900

8,178

DEPRECIATION

At 1 January 2025

65,242

3,855

3,655

Charge for year

28,548

9

617

At 31 December 2025

93,790

3,864

4,272

NET BOOK VALUE

At 31 December 2025

191,688

36

3,906

At 31 December 2024

220,236

45

4,523

Motor

vehicles

Equipment

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

30,148

54,144

381,848

DEPRECIATION

At 1 January 2025

25,317

40,810

138,879

Charge for year

1,362

1,346

31,882

At 31 December 2025

26,679

42,156

170,761

NET BOOK VALUE

At 31 December 2025

3,469

11,988

211,087

At 31 December 2024

4,831

13,334

242,969

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

2,585,000

NET BOOK VALUE

At 31 December 2025

2,585,000

At 31 December 2024

2,585,000

The fair value of the investment properties has been arrived at on the basis of professional valuations carried out in April 2023 and November 2023. The director does not consider that a material difference exists between these valuations, and the market value of investment properties at 31 December 2025. The valuations were made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 31 December 2025 is represented by:

£

Valuation in 2005

832,880

Valuation in 2013

165,384

Valuation in 2022

260,000

Valuation in 2023

425,000

Cost

901,736

2,585,000

7.

STOCKS

2025

2024

£

£

Stocks

667,696

673,605

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

75,723

72,633

Corporation tax recoverable

-

468

Prepayments and accrued income

14,432

10,419

90,155

83,520

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

200,622

194,933

Corporation tax

56,190

-

PAYE and social security

7,703

5,784

VAT

13,000

23,693

Other creditors

7,500

7,500

Directors' current accounts

9,704

3,543

Accruals and deferred income

6,213

43,966

300,932

279,419

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

33,251

39,220

Tax losses carried forward

(58,420

)

(64,810

)

Investment property

345,158

401,191

319,989

375,601

Deferred tax

£

Balance at 1 January 2025

375,601

Provided during year

(55,612

)

Balance at 31 December 2025

319,989

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

40,000

Ordinary

£1

40,000

40,000

12.	RELATED PARTY TRANSACTIONS

During the year, the company paid rent totalling £30,000 (2024: £30,000) to an individual holding a participating interest in the company.