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REGISTERED NUMBER: OC412400 (England and Wales)





















REPORT OF THE MEMBERS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

OLGA AGENCY LLP

OLGA AGENCY LLP (REGISTERED NUMBER: OC412400)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


OLGA AGENCY LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DESIGNATED MEMBERS: Ms L C Pickford
Ms J F T Smith





REGISTERED OFFICE: 19b Spruce Hills Road
London
E17 4LB





REGISTERED NUMBER: OC412400 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN

OLGA AGENCY LLP (REGISTERED NUMBER: OC412400)

REPORT OF THE MEMBERS
FOR THE YEAR ENDED 30 JUNE 2023

The members present their report with the financial statements of the LLP for the year ended 30 June 2023.

CESSATION OF TRADING
The LLP ceased trading on 30 June 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of marketing, branding & design services.

DESIGNATED MEMBERS
The designated members during the year under review were:

Ms L C Pickford
Ms J F T Smith

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £30,418 (2022 - £65,066 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Ms J F T Smith - Designated member


27 March 2024

OLGA AGENCY LLP (REGISTERED NUMBER: OC412400)

INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2023

30.6.23 30.6.22
Notes £    £   

TURNOVER 37,425 70,693

Administrative expenses (7,007 ) (5,627 )
OPERATING PROFIT and
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




30,418




65,066

OLGA AGENCY LLP (REGISTERED NUMBER: OC412400)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 2,202

CURRENT ASSETS
Debtors 6 21,759 26,443
Cash at bank 93,145 77,184
114,904 103,627
CREDITORS
Amounts falling due within one year 7 1,259 4,012
NET CURRENT ASSETS 113,645 99,615
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

113,645

101,817

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

113,645

101,817

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 113,645 101,817

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 June 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

OLGA AGENCY LLP (REGISTERED NUMBER: OC412400)

BALANCE SHEET - continued
30 JUNE 2023


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 27 March 2024 and were signed by:




Ms J F T Smith - Designated member




Ms L C Pickford - Designated member


OLGA AGENCY LLP (REGISTERED NUMBER: OC412400)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Olga Agency LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.
Plant and machinery etc - 20% on cost

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.

3. EMPLOYEE INFORMATION

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

4. OPERATING PROFIT

The operating profit is stated after charging:

30.6.23 30.6.22
£    £   
Depreciation - owned assets - 551

OLGA AGENCY LLP (REGISTERED NUMBER: OC412400)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 3,105
Disposals (3,105 )
At 30 June 2023 -
DEPRECIATION
At 1 July 2022 903
Eliminated on disposal (903 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 2,202

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 21,723 26,443
Other debtors 36 -
21,759 26,443

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 759 540
Taxation and social security - 2,712
Other creditors 500 760
1,259 4,012

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up.
There is no provision for specifically legally enforceable protection afforded to creditors in such an event.
There are no restrictions or limitations on the ability of the members to reduce the amount of 'Members' other interests'.