2 false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 129,362 129,362 129,362 xbrli:pure xbrli:shares iso4217:GBP 05008296 2023-01-01 2023-12-31 05008296 2023-12-31 05008296 2022-12-31 05008296 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 05008296 bus:Director1 2023-01-01 2023-12-31 05008296 bus:Director2 2023-01-01 2023-12-31 05008296 core:WithinOneYear 2023-12-31 05008296 core:WithinOneYear 2022-12-31 05008296 core:ShareCapital 2023-12-31 05008296 core:ShareCapital 2022-12-31 05008296 core:RetainedEarningsAccumulatedLosses 2023-12-31 05008296 core:RetainedEarningsAccumulatedLosses 2022-12-31 05008296 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 05008296 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 05008296 bus:SmallEntities 2023-01-01 2023-12-31 05008296 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05008296 bus:FullAccounts 2023-01-01 2023-12-31 05008296 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05008296 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05008296 bus:OrdinaryShareClass1 2023-12-31 05008296 bus:OrdinaryShareClass1 2022-12-31
COMPANY REGISTRATION NUMBER: 05008296
OLIVIA DEVELOPMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
OLIVIA DEVELOPMENTS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 3
OLIVIA DEVELOPMENTS LIMITED
BALANCE SHEET
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
129,362
129,362
Current assets
Debtors
6
2,685
Cash at bank and in hand
12,267
18,678
------------
------------
12,267
21,363
Creditors: amounts falling due within one year
7
( 119,099)
( 129,846)
------------
------------
Net current liabilities
( 106,832)
( 108,483)
------------
------------
Total assets less current liabilities
22,530
20,879
------------
------------
Net assets
22,530
20,879
------------
------------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
22,430
20,779
------------
------------
Shareholders funds
22,530
20,879
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 19 February 2024 , and are signed on behalf of the board by:
D Ward
N O Sykes
Director
Director
Company registration number: 05008296
OLIVIA DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, HD1 1PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents the value of goods sold and services provided net of value added tax.
Deferred taxation
Deferred taxation is provided on the liability method at anticipated future rates of taxation on differences arising from the inclusion of income and expenditure in periods different for accounts and taxation purposes.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Depreciation
Freehold investment property is not depreciated and is stated at cost. The directors carry out an annual impairment review to establish whether any adjustment is required to the carrying value of each property. They do not consider it to be cost effective to obtain independent professional valuations each year.
4. Turnover
The company's turnover is derived entirely within the United Kingdom.
5. Tangible assets
Freehold property
£
Cost
At 1 January 2023 and 31 December 2023
129,362
------------
Depreciation
At 1 January 2023 and 31 December 2023
------------
Carrying amount
At 31 December 2023
129,362
------------
At 31 December 2022
129,362
------------
6. Debtors
2023
2022
£
£
Prepayments and accrued income
2,685
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
600
9,277
Corporation tax
1,325
469
Director loan accounts
117,174
120,100
------------
------------
119,099
129,846
------------
------------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
9. Related party transactions
The directors' loans of £117,174 (2022: £120,100) at note 7 above are unsecured, repayable on demand and currently interest free. The company is controlled by the directors.