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REGISTERED NUMBER: 06582354 (England and Wales)














Financial Statements for the Year Ended 31 May 2023

for

Oliver St James Limited

Oliver St James Limited (Registered number: 06582354)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oliver St James Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr K T Sexton
Mr R A Sleight





SECRETARY: Ms M L Sousa





REGISTERED OFFICE: 1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP





REGISTERED NUMBER: 06582354 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

Oliver St James Limited (Registered number: 06582354)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,125 2,834
Investment property 5 1,929,548 1,716,757
1,931,673 1,719,591

CURRENT ASSETS
Debtors 6 23,554 -
Cash at bank 6,081 7,175
29,635 7,175
CREDITORS
Amounts falling due within one year 7 422,775 411,576
NET CURRENT LIABILITIES (393,140 ) (404,401 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,538,533

1,315,190

CREDITORS
Amounts falling due after more than one year 8 (1,110,970 ) (1,108,318 )

PROVISIONS FOR LIABILITIES (84,356 ) (44,059 )
NET ASSETS 343,207 162,813

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 343,205 162,811
SHAREHOLDERS' FUNDS 343,207 162,813

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Oliver St James Limited (Registered number: 06582354)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 23 February 2024 and were signed on its behalf by:





Mr K T Sexton - Director


Oliver St James Limited (Registered number: 06582354)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Oliver St James 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2022
and 31 May 2023 10,603
DEPRECIATION
At 1 June 2022 7,769
Charge for year 709
At 31 May 2023 8,478
NET BOOK VALUE
At 31 May 2023 2,125
At 31 May 2022 2,834

Oliver St James Limited (Registered number: 06582354)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 1,716,757
Revaluations 212,791
At 31 May 2023 1,929,548
NET BOOK VALUE
At 31 May 2023 1,929,548
At 31 May 2022 1,716,757

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2019 194,060
Valuation in 2021 35,000
Valuation in 2023 212,791
Cost 1,487,697
1,929,548

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Amounts owed by associates 23,554 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 3,826 1,781
Amounts owed to associates 405,958 404,043
Taxation and social security - 473
Other creditors 12,991 5,279
422,775 411,576

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Other creditors 1,110,970 1,108,318

Oliver St James Limited (Registered number: 06582354)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
2 Ordinary £1.00 2 2

10. RESERVES
Retained
earnings
£   

At 1 June 2022 162,811
Profit for the year 180,394
At 31 May 2023 343,205

11. RELATED PARTY DISCLOSURES

The directors and shareholders of Oliver St James Limited are also the directors and shareholders of St James Property Developments (UK) Ltd.

During the year there were no revenue transactions between the two companies.

The amount owed to St James Property Developments (UK) Ltd at the balance sheet date was £405,958 (2022: £403,043).

Oliver St James Capital Partners Limited is a subsidiary of St James Property Developments (UK) Ltd. The amount owed to Oliver St James Capital Partners Ltd at the balance sheet date was £23,554 (2022: £1,000).