2022-07-122023-07-312023-07-31false14230380Olly Withers Property 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Olly Withers Property Limited

Registered Number
14230380
(England and Wales)

Unaudited Financial Statements for the Period ended
31 July 2023

Olly Withers Property Limited
Company Information
for the period from 12 July 2022 to 31 July 2023

Directors

Withers, Gary Mark
Withers, Oliver Kane

Registered Address

Grove House
2 Woodberry Grove
London
N12 0DR

Registered Number

14230380 (England and Wales)
Olly Withers Property Limited
Balance Sheet as at
31 July 2023

Notes

2023

£

£

Fixed assets
Investment property3250,273
250,273
Current assets
Cash at bank and on hand1,210
1,210
Creditors amounts falling due within one year4(71,118)
Net current assets (liabilities)(69,908)
Total assets less current liabilities180,365
Creditors amounts falling due after one year5(183,549)
Net assets(3,184)
Capital and reserves
Called up share capital100
Profit and loss account(3,284)
Shareholders' funds(3,184)
The financial statements were approved and authorised for issue by the Board of Directors on 10 April 2024, and are signed on its behalf by:
Withers, Oliver Kane
Director
Registered Company No. 14230380
Olly Withers Property Limited
Notes to the Financial Statements
for the period ended 31 July 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Borrowing costs
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

2023
Average number of employees during the year2
3.Investment property

£
Additions250,273
At 31 July 23250,273
4.Creditors: amounts due within one year

2023

£
Other creditors70,217
Accrued liabilities and deferred income901
Total71,118
5.Creditors: amounts due after one year

2023

£
Bank borrowings and overdrafts183,549
Total183,549