The Oliver Searle Partnership Limited

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

1. General Information

The Oliver Searle Partnership Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03923448 . The registered office is Unit 11, Riverside Park Industrial Estate, Dogflud Way, Farnham, Surrey, GU9 7UG.

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of theconsideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.5. Research and Development

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

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:

Fixtures & Fittings

50% Reducing balance

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The Oliver Searle Partnership Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.7. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in other creditors in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2.9. Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

2.10. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.

2.11. Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2025: 5)

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The Oliver Searle Partnership Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 May 2025	100	2,143,880	2,143,980

As at 30 April 2026	100	2,143,880	2,143,980

Amortisation
As at 1 May 2025	100	2,143,880	2,143,980

As at 30 April 2026	100	2,143,880	2,143,980

Net Book Value
As at 30 April 2026	-	-	-

As at 1 May 2025	-	-	-

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 May 2025	9,676
Additions	5,040
Disposals	(5,113 )

As at 30 April 2026	9,603

Depreciation
As at 1 May 2025	7,566
Provided during the period	(327 )
Disposals	(2,656 )

As at 30 April 2026	4,583

Net Book Value
As at 30 April 2026	5,020

As at 1 May 2025	2,110

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	36,515	9,675
Prepayments and accrued income	1,383	279
Corporation tax recoverable assets	-	101
Amounts owed by group undertakings	19,243	19,243

	57,141	29,298

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The Oliver Searle Partnership Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	296	298
Corporation tax	8,088	-
Other taxes and social security	19,451	3,181
VAT	13,278	5,442
Other creditors	914	1,128
Pensions payable	1,165	1,119
Accruals and deferred income	11,763	2,838

	54,955	14,006

8. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

9. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,165 (2025: £1,119) were due to the fund.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		5,020		2,110

			5,020		2,110
CURRENT ASSETS
Debtors	6	57,141		29,298
Cash at bank and in hand		44,767		5,220

		101,908		34,518
Creditors: Amounts Falling Due Within One Year	7	(54,955 )		(14,006 )

NET CURRENT ASSETS (LIABILITIES)			46,953		20,512

TOTAL ASSETS LESS CURRENT LIABILITIES			51,973		22,622

PROVISIONS FOR LIABILITIES
Deferred Taxation			(845 )		(296 )

NET ASSETS			51,128		22,326

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			51,028		22,226

SHAREHOLDERS' FUNDS			51,128		22,326