Company Registration No. 05128623 (England and Wales)
OLIVE PROPERTIES CONSULTANTS LIMITED
Unaudited accounts
for the year ended 31 March 2024
OLIVE PROPERTIES CONSULTANTS LIMITED
Unaudited accounts
Contents
OLIVE PROPERTIES CONSULTANTS LIMITED
Company Information
for the year ended 31 March 2024
Directors
Renata Noami Lewinson
Charli Wilson
Company Number
05128623 (England and Wales)
Registered Office
69 Loughborough Road
West Bridgford
Nottingham
NG2 7LA
ENGLAND
Accountants
M.A.D. Accountants Ltd
Welbeck House
69 Loughborough Road
West Bridgford
Nottinghamshire
NG2 7LA
OLIVE PROPERTIES CONSULTANTS LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
18,407
22,543
Investment property
3,585,001
6,325,001
Cash at bank and in hand
641,755
180,534
Creditors: amounts falling due within one year
(7,997)
(21,109)
Net current assets
633,758
161,516
Total assets less current liabilities
4,237,166
6,509,060
Creditors: amounts falling due after more than one year
(2,434,843)
(4,374,411)
Provisions for liabilities
Net assets
1,801,537
2,134,323
Called up share capital
100
100
Revaluation reserve
1,667,821
1,667,821
Profit and loss account
133,616
466,402
Shareholders' funds
1,801,537
2,134,323
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by
Charli Wilson
Director
Company Registration No. 05128623
OLIVE PROPERTIES CONSULTANTS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
OLIVE PROPERTIES CONSULTANTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05128623. The registered office is 69 Loughborough Road, West Bridgford, Nottingham, NG2 7LA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
OLIVE PROPERTIES CONSULTANTS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
22,450
15,851
38,301
At 31 March 2024
24,159
16,141
40,300
At 1 April 2023
10,415
5,343
15,758
Charge for the year
3,436
2,699
6,135
At 31 March 2024
13,851
8,042
21,893
At 31 March 2024
10,308
8,099
18,407
At 31 March 2023
12,035
10,508
22,543
Fair value at 1 April 2023
6,325,001
At 31 March 2024
3,585,001
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
5,428
Other creditors
1,950
1,951
Loans from directors
636
13,161
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
2,421,671
4,354,278
Deferred income
13,172
20,133
OLIVE PROPERTIES CONSULTANTS LIMITED
Notes to the Accounts
for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).