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Registered number: 12335380
Olafam Ltd
Financial Statements
For The Year Ended 30 November 2023
Zenith Accounting & Business Solutions Ltd
Certified Accountants
DFO Consulting - Churchill House
120 Bunns Lane
Mill Hill
London
NW7 2AS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 12335380
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 544,379 544,379
544,379 544,379
CURRENT ASSETS
Cash at bank and in hand - 1
- 1
Creditors: Amounts Falling Due Within One Year 5 (622 ) (594 )
NET CURRENT ASSETS (LIABILITIES) (622 ) (593 )
TOTAL ASSETS LESS CURRENT LIABILITIES 543,757 543,786
Creditors: Amounts Falling Due After More Than One Year 6 (544,972 ) (544,379 )
NET LIABILITIES (1,215 ) (593 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (1,216 ) (594 )
SHAREHOLDERS' FUNDS (1,215) (593)
Page 1
Page 2
For the year ending 30 November 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Elizabeth Olaniyan
Director
21 August 2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Olafam Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12335380 . The registered office is 97 Whitwell Road, Plaistow, London, E13 8DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 December 2022 544,379
As at 30 November 2023 544,379
Net Book Value
As at 30 November 2023 544,379
As at 1 December 2022 544,379
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 622 594
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 544,972 544,379
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 3