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REGISTERED NUMBER: 08312564 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Olivegrove Residential Sales & Lettings
Limited

Olivegrove Residential Sales & Lettings
Limited (Registered number: 08312564)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Olivegrove Residential Sales & Lettings
Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: Mr S B Griffin





REGISTERED OFFICE: The Croft House
Old Wrexham Road
Gresford
Wrexham
LL12 8UA





REGISTERED NUMBER: 08312564 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
14 Grosvenor Court
Foregate Street
Chester
Cheshire
CH1 1HG

Olivegrove Residential Sales & Lettings
Limited (Registered number: 08312564)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 1,519 1,163

CURRENT ASSETS
Debtors 5 3,456 4,243
Cash at bank and in hand 299,321 256,493
302,777 260,736
CREDITORS
Amounts falling due within one year 6 (271,024 ) (190,165 )
NET CURRENT ASSETS 31,753 70,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,272

71,734

PROVISIONS FOR LIABILITIES (289 ) (221 )
NET ASSETS 32,983 71,513

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,883 71,413
SHAREHOLDERS' FUNDS 32,983 71,513

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

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

The director acknowledges his 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.

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 19 April 2024 and were signed by:





Mr S B Griffin - Director


Olivegrove Residential Sales & Lettings
Limited (Registered number: 08312564)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Olivegrove Residential Sales & Lettings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net sales of commissions receivable in the period, excluding value added tax.

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 - 25% on reducing balance

Taxation
Taxation for the year 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 year 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

Olivegrove Residential Sales & Lettings
Limited (Registered number: 08312564)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 2,878
Additions 863
At 31 December 2023 3,741
DEPRECIATION
At 1 January 2023 1,715
Charge for year 507
At 31 December 2023 2,222
NET BOOK VALUE
At 31 December 2023 1,519
At 31 December 2022 1,163

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 2,122 3,290
Other debtors 1,334 953
3,456 4,243

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 2,203 2,533
Taxation and social security 32,582 30,814
Other creditors 236,239 156,818
271,024 190,165

7. RELATED PARTY DISCLOSURES

Included in other creditors is £130,544 (2022 £63,581) owed to Ms N Thomas, a shareholder of the company. No interest is charged on this balance.

Included in other creditors is £17,047 (2022 £16,762) owed to Miss O Griffin, a shareholder of the company. No interest is charged on this balance.

Included within other creditors is £68,875 (2022 £57,387) owed to S G Estates Limited, a company controlled by the Director Mr S B Griffin and members of his close family. This loan is interest free, unsecured and repayable upon demand.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr S B Griffin, the director of the company, and members of his close family by virtue of them owning all of the issued share capital between them.