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REGISTERED NUMBER: 14257867 (England and Wales)















Unaudited Financial Statements

for the Period 26 July 2022 to 31 December 2023

for

Olg Property Limited

Olg Property Limited (Registered number: 14257867)

Contents of the Financial Statements
for the Period 26 July 2022 to 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Olg Property Limited

Company Information
for the Period 26 July 2022 to 31 December 2023







DIRECTOR: L Gorman





REGISTERED OFFICE: Zeppelin Building, 3rd Floor
59-61 Farringdon Road
London
EC1M 3JB





REGISTERED NUMBER: 14257867 (England and Wales)





ACCOUNTANTS: EWP Limited
20 Anchor Terrace
3-13 Southwark Bridge Road
London
SE1 9HQ

Olg Property Limited (Registered number: 14257867)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 21,942
Investment property 5 443,601
465,543

CURRENT ASSETS
Stocks 1,004,135
Debtors 6 458
Cash at bank 5,674
1,010,267
CREDITORS
Amounts falling due within one year 7 1,187,686
NET CURRENT LIABILITIES (177,419 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,124

CREDITORS
Amounts falling due after more than one
year

8

315,000
NET LIABILITIES (26,876 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (26,976 )
(26,876 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Olg Property Limited (Registered number: 14257867)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 17 April 2024 and were signed by:





L Gorman - Director


Olg Property Limited (Registered number: 14257867)

Notes to the Financial Statements
for the Period 26 July 2022 to 31 December 2023


1. STATUTORY INFORMATION

Olg Property 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 as modified by the revaluation of certain assets.

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.

Fixtures and fittings - 20% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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.

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 period 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.

Olg Property Limited (Registered number: 14257867)

Notes to the Financial Statements - continued
for the Period 26 July 2022 to 31 December 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 27,427
At 31 December 2023 27,427
DEPRECIATION
Charge for period 5,485
At 31 December 2023 5,485
NET BOOK VALUE
At 31 December 2023 21,942

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 443,601
At 31 December 2023 443,601
NET BOOK VALUE
At 31 December 2023 443,601

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 443,601

If Investment Property had not been revalued it would have been included at the following historical cost:

£   
Cost 443,601

Investment Property was valued on as open market basis on 31 December 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 458

Olg Property Limited (Registered number: 14257867)

Notes to the Financial Statements - continued
for the Period 26 July 2022 to 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,511
Other creditors 1,186,175
1,187,686

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 315,000

9. ULTIMATE CONTROLLING PARTY

The controlling party is L Gorman.