OLHE Properties Limited 14372640 false 2022-09-23 2023-09-30 2023-09-30 The principal activity of the company is property investment Digita Accounts Production Advanced 6.30.9574.0 true true 14372640 2022-09-23 2023-09-30 14372640 2023-09-30 14372640 bus:OrdinaryShareClass1 2023-09-30 14372640 bus:OrdinaryShareClass2 2023-09-30 14372640 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 14372640 core:FurnitureFittingsToolsEquipment 2023-09-30 14372640 bus:SmallEntities 2022-09-23 2023-09-30 14372640 bus:AuditExemptWithAccountantsReport 2022-09-23 2023-09-30 14372640 bus:FilletedAccounts 2022-09-23 2023-09-30 14372640 bus:SmallCompaniesRegimeForAccounts 2022-09-23 2023-09-30 14372640 bus:RegisteredOffice 2022-09-23 2023-09-30 14372640 bus:Director1 2022-09-23 2023-09-30 14372640 bus:Director2 2022-09-23 2023-09-30 14372640 bus:OrdinaryShareClass1 2022-09-23 2023-09-30 14372640 bus:OrdinaryShareClass2 2022-09-23 2023-09-30 14372640 bus:PrivateLimitedCompanyLtd 2022-09-23 2023-09-30 14372640 core:FurnitureFittingsToolsEquipment 2022-09-23 2023-09-30 14372640 countries:England 2022-09-23 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14372640

OLHE Properties Limited

Unaudited Filleted Financial Statements

for the Period from 23 September 2022 to 30 September 2023

 

OLHE Properties Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

OLHE Properties Limited

Company Information

Directors

Mr Carl Rushe

Mr Oisin Gibson

Registered office

Silver Rose
Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

Accountants

Paul Winston Limited
Silver Rose Unit 21
East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

 

OLHE Properties Limited

(Registration number: 14372640)
Balance Sheet as at 30 September 2023

Note

2023
£

fixed assets

 

tangible assets

4

2,476

Current assets

 

Debtors

5

4,200

Cash at bank and in hand

 

8,267

 

12,467

Creditors: Amounts falling due within one year

6

(12,360)

Net current assets

 

107

Net assets

 

2,583

capital and reserves

 

Called up share capital

7

100

Profit and loss account

2,483

Shareholders' funds

 

2,583

For the financial period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2024 and signed on its behalf by:
 

 

OLHE Properties Limited

(Registration number: 14372640)
Balance Sheet as at 30 September 2023

.........................................
Mr Carl Rushe
Director

.........................................
Mr Oisin Gibson
Director

 

OLHE Properties Limited

Notes to the Unaudited Financial Statements for the Period from 23 September 2022 to 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Silver Rose
Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS
England

These financial statements were authorised for issue by the Board on 11 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

OLHE Properties Limited

Notes to the Unaudited Financial Statements for the Period from 23 September 2022 to 30 September 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

 

OLHE Properties Limited

Notes to the Unaudited Financial Statements for the Period from 23 September 2022 to 30 September 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

3,301

3,301

At 30 September 2023

3,301

3,301

Depreciation

Charge for the period

825

825

At 30 September 2023

825

825

Carrying amount

At 30 September 2023

2,476

2,476

5

Debtors

Current

2023
£

Prepayments

4,200

 

4,200

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Other creditors

 

360

Directors' loan accounts

 

12,000

 

12,360

7

Share capital

Allotted, called up and fully paid shares

 

OLHE Properties Limited

Notes to the Unaudited Financial Statements for the Period from 23 September 2022 to 30 September 2023

2023

No.

£

Ordinary O of £1 each

50

50

Ordinary C of £1 each

50

50

100

100

8

Transition to FRS 102

Balance Sheet at
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

Total equity

-

-

-

-

 

OLHE Properties Limited

Notes to the Unaudited Financial Statements for the Period from 23 September 2022 to 30 September 2023

Balance Sheet at
 

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

Total equity

-

-

-

-