REGISTERED NUMBER: 14154410 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

THE OLD LIBRARY ULVERSTON LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr H Ovaisi

Mr H Ovaisi

REGISTERED OFFICE:

Unit 3-4

Daltongate Business Centre

Ulverston

Cumbria

LA12 7AJ

REGISTERED NUMBER:

14154410 (England and Wales)

BANKERS:

Revolut Business

7 Westferry Circus

Canary Wharf

London

E14 4HD

FIXED ASSETS

Tangible assets

4

57,546

46,640

CURRENT ASSETS

Debtors

83,875

72,004

Cash at bank

528

6,165

84,403

78,169

CREDITORS

Amounts falling due within one year

74,929

65,076

NET CURRENT ASSETS

9,474

13,093

TOTAL ASSETS LESS CURRENT LIABILITIES

67,020

59,733

CAPITAL AND RESERVES

Called up share capital

5

808

808

Share premium

89,892

89,892

Retained earnings

(23,680

)

(30,967

)

SHAREHOLDERS' FUNDS

67,020

59,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 9 October 2026 and were signed on its behalf by:

Mr H Ovaisi - Director

Mr H Ovaisi - Director

1.	STATUTORY INFORMATION

The Old Library Ulverston 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

2% on cost

Fixtures and fittings

-

20% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2025

51,432

Additions

13,283

At 31 January 2026

64,715

DEPRECIATION

At 1 February 2025

4,792

Charge for year

2,377

At 31 January 2026

7,169

NET BOOK VALUE

At 31 January 2026

57,546

At 31 January 2025

46,640

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

808

Ordinary

£1

808

808

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2026 and the period ended 31 January 2025:

31.1.26

31.1.25

£

£

Mr H Ovaisi

Balance outstanding at start of year

700

700

Amounts advanced

700

700

Amounts repaid

(700

)

(700

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

700

700

The loan is interest free, unsecured and repayable on demand.

7.	RELATED PARTY DISCLOSURES

SO Legal Ltd, a company controlled by Mr H Ovaisi, paid rental income to the company in the year of £8,750 (2025: £6,150)

HO Property 6 Ltd, a company controlled by Mr H Ovaisi, was paid rental income in the year of £23,450 (2025: 5,950)

At 31st January 2026 the company was owed £25,500 by HO Property 2 Ltd, a company controlled by Mr H Ovaisi (2025: £25,500)

At 31st January 2026 the company was owed £55,675 by HO Property 6 Ltd, a company controlled by Mr H Ovaisi (2025: £44,675)

At 31st January 2026 the company was owed £2,000 by 8 Cornfield Terrace Ltd, a company controlled by Mr H Ovaisi (2025: £Nil)

At 31st January 2026 SO Legal Ltd, a company controlled by Mr H Ovaisi, loaned the company £2,869 (2025: £1,192)

At 31st January 2026 HO Property 3, a company controlled by Mr H Ovaisi, loaned the company £13,000 (2025: £2,000)

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr H Ovaisi.