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REGISTERED NUMBER: 12481782 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

OLBA INVESTMENTS LIMITED

OLBA INVESTMENTS LIMITED (REGISTERED NUMBER: 12481782)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OLBA INVESTMENTS LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr O Barg



REGISTERED OFFICE: c/o BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



REGISTERED NUMBER: 12481782 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: Wise Payments Limited
6th Floor
The Tea Building
56 Shoreditch High Street
London
E1 6JJ

OLBA INVESTMENTS LIMITED (REGISTERED NUMBER: 12481782)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 374,768 374,768

CURRENT ASSETS
Prepayments and accrued income 671 386
Cash at bank 1,145 1,261
1,816 1,647
CREDITORS
Amounts falling due within one year 5 233,356 243,708
NET CURRENT LIABILITIES (231,540 ) (242,061 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,228

132,707

CREDITORS
Amounts falling due after more than one
year

6

119,770

119,770
NET ASSETS 23,458 12,937

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 23,456 12,935
23,458 12,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2024 and were signed by:





Mr O Barg - Director


OLBA INVESTMENTS LIMITED (REGISTERED NUMBER: 12481782)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Olba Investments 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.

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 is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

OLBA INVESTMENTS LIMITED (REGISTERED NUMBER: 12481782)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 374,768
NET BOOK VALUE
At 29 February 2024 374,768
At 28 February 2023 374,768

Included within Investment Property:

Are investment properties showing at their cost of £374,768. It was considered that the open market value of these properties would not have changed materially by the year end therefore the open market value for these properties has been left at £374,768.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 2,468 2,094
Other creditors 230,888 241,614
233,356 243,708

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 119,770 119,770

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 119,770 119,770