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OLAKEN PROPERTIES LTD

Registered Number
SC721677
(Scotland)

Unaudited Financial Statements for the Period ended
28 February 2023

OLAKEN PROPERTIES LTD
Company Information
for the period from 1 February 2022 to 28 February 2023

Directors

DROVER, Kenton
DROVER, Olga

Registered Address

66 Queens Drive
Troon
KA10 6SE

Registered Number

SC721677 (Scotland)
OLAKEN PROPERTIES LTD
Balance Sheet as at
28 February 2023

Notes

2023

£

£

Current assets
Debtors274,654
Cash at bank and on hand60,352
335,006
Creditors amounts falling due within one year(156,356)
Net current assets (liabilities)178,650
Total assets less current liabilities178,650
Creditors amounts falling due after one year(192,120)
Net assets(13,470)
Capital and reserves
Profit and loss account(13,470)
Shareholders' funds(13,470)
The financial statements were approved and authorised for issue by the Board of Directors on 25 October 2023, and are signed on its behalf by:
DROVER, Kenton
Director
DROVER, Olga
Director

Registered Company No. SC721677
OLAKEN PROPERTIES LTD
Notes to the Financial Statements
for the period ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Revenue recognition policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

2023
Average number of employees during the year1