OLIVESON PROPERTY VRD LTD

Company Registration Number:
10621311 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 1 March 2022

End date: 28 February 2023

OLIVESON PROPERTY VRD LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

OLIVESON PROPERTY VRD LTD

Directors' report period ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Directors

The director shown below has held office during the whole of the period from
1 March 2022 to 28 February 2023

Neal Thomas


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 November 2023

And signed on behalf of the board by:
Name: Neal Thomas
Status: Director

OLIVESON PROPERTY VRD LTD

Profit And Loss Account

for the Period Ended 28 February 2023

2023 2022


£

£
Turnover: 33,739 41,607
Cost of sales: ( 11,072 ) ( 25,614 )
Gross profit(or loss): 22,667 15,993
Administrative expenses: ( 9,585 ) ( 9,753 )
Other operating income: 12,763
Operating profit(or loss): 13,082 19,003
Interest payable and similar charges: ( 11,876 ) ( 12,003 )
Profit(or loss) before tax: 1,206 7,000
Profit(or loss) for the financial year: 1,206 7,000

OLIVESON PROPERTY VRD LTD

Balance sheet

As at 28 February 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 525,400 525,400
Total fixed assets: 525,400 525,400
Current assets
Debtors: 4 1,382 1,994
Total current assets: 1,382 1,994
Creditors: amounts falling due within one year: 5 ( 30,065 ) ( 34,350 )
Net current assets (liabilities): (28,683) (32,356)
Total assets less current liabilities: 496,717 493,044
Creditors: amounts falling due after more than one year: 6 ( 542,136 ) ( 539,669 )
Total net assets (liabilities): (45,419) (46,625)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (45,421 ) (46,627 )
Total Shareholders' funds: ( 45,419 ) (46,625)

The notes form part of these financial statements

OLIVESON PROPERTY VRD LTD

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 21 November 2023
and signed on behalf of the board by:

Name: Neal Thomas
Status: Director

The notes form part of these financial statements

OLIVESON PROPERTY VRD LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

OLIVESON PROPERTY VRD LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 2

OLIVESON PROPERTY VRD LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2022 525,400 525,400
Additions
Disposals
Revaluations
Transfers
At 28 February 2023 525,400 525,400
Depreciation
At 1 March 2022
Charge for year
On disposals
Other adjustments
At 28 February 2023
Net book value
At 28 February 2023 525,400 525,400
At 28 February 2022 525,400 525,400

OLIVESON PROPERTY VRD LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Debtors

2023 2022
£ £
Trade debtors 395
Other debtors 987 1,994
Total 1,382 1,994
Debtors due after more than one year: 1,382 1,596

OLIVESON PROPERTY VRD LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 4,346 1,677
Other creditors 25,719 32,673
Total 30,065 34,350

OLIVESON PROPERTY VRD LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 542,136 539,669
Total 542,136 539,669