2022-04-012023-03-312023-03-31false13279359OLE INVESTMENTS 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OLE INVESTMENTS LTD

Registered Number
13279359
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

OLE INVESTMENTS LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

OXTON, Neil Richard Thomas

Registered Address

C/O Venture Finance Management
Suite 304, Cotton Exchange
Liverpool
L3 9LQ

Registered Number

13279359 (England and Wales)
OLE INVESTMENTS LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3356,772124,000
356,772124,000
Current assets
Debtors150-
Cash at bank and on hand2,458-
2,608-
Creditors amounts falling due within one year(75,336)(150,666)
Net current assets (liabilities)(72,728)(150,666)
Total assets less current liabilities284,044(26,666)
Creditors amounts falling due after one year(384,647)(88,511)
Net assets(100,603)(115,177)
Capital and reserves
Called up share capital9999
Profit and loss account(100,702)(115,276)
Shareholders' funds(100,603)(115,177)
The financial statements were approved and authorised for issue by the Director on 15 April 2024, and are signed on its behalf by:
OXTON, Neil Richard Thomas
Director
Registered Company No. 13279359
OLE INVESTMENTS LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
These financial statements have been prepared on a going concern basis. The director, having considered the financial position of the Company for a period of at least twelve months from the date of signing these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the Company to continue as a going concern.
Revenue from sale of goods
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 22124,000
Additions232,772
At 31 March 23356,772
Net book value
At 31 March 23356,772
At 31 March 22124,000
4.Related party transactions
As at the year-end, the company owed directors and a company under common control £73,045 (2021 - £149,915). This loan is interest free and repayable on demand.