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REGISTERED NUMBER: 08486608 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023

FOR

THE OLIVE TREE (CWMBRAN) LIMITED

THE OLIVE TREE (CWMBRAN) LIMITED (REGISTERED NUMBER: 08486608)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE OLIVE TREE (CWMBRAN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: A J Thomas
Miss V G Gillard





REGISTERED OFFICE: Edlogan Way
Croesyceiliog
Cwmbran
NP44 2JJ





REGISTERED NUMBER: 08486608 (England and Wales)





ACCOUNTANTS: Paul Munson & Co
Limited Liability Partnership
45 Bridge Street
Usk
Monmouthshire
NP15 1BQ

THE OLIVE TREE (CWMBRAN) LIMITED (REGISTERED NUMBER: 08486608)

BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 206,747 178,884

CURRENT ASSETS
Stocks 2,000 2,500
Debtors 5 1,582 2,871
Cash at bank 33,401 30,254
36,983 35,625
CREDITORS
Amounts falling due within one year 6 18,748 30,132
NET CURRENT ASSETS 18,235 5,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,982

184,377

CREDITORS
Amounts falling due after more than
one year

7

155,908

174,145
NET ASSETS 69,074 10,232

THE OLIVE TREE (CWMBRAN) LIMITED (REGISTERED NUMBER: 08486608)

BALANCE SHEET - continued
30TH APRIL 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,974 10,132
SHAREHOLDERS' FUNDS 69,074 10,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st January 2024 and were signed on its behalf by:





A J Thomas - Director


THE OLIVE TREE (CWMBRAN) LIMITED (REGISTERED NUMBER: 08486608)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023

1. STATUTORY INFORMATION

The Olive Tree (Cwmbran) 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. 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


THE OLIVE TREE (CWMBRAN) LIMITED (REGISTERED NUMBER: 08486608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

THE OLIVE TREE (CWMBRAN) LIMITED (REGISTERED NUMBER: 08486608)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2022 165,198 90,875 256,073
Additions - 45,186 45,186
At 30th April 2023 165,198 136,061 301,259
DEPRECIATION
At 1st May 2022 29,505 47,684 77,189
Charge for year 3,289 14,034 17,323
At 30th April 2023 32,794 61,718 94,512
NET BOOK VALUE
At 30th April 2023 132,404 74,343 206,747
At 30th April 2022 135,693 43,191 178,884

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Other debtors 1,582 2,871

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade creditors 114 6,288
Taxation and social security 9,304 12,206
Other creditors 9,330 11,638
18,748 30,132

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2023 2022
£    £   
Other creditors 155,908 174,145