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REGISTERED NUMBER: 11683023 (England and Wales)












OLIVE BRANCH GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






OLIVE BRANCH GROUP LIMITED (REGISTERED NUMBER: 11683023)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OLIVE BRANCH GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs J L Cole
N I Cole
S Cole





REGISTERED OFFICE: Sidney House
3-4 Lower Vicarage Road
Woolston
Southampton
Hampshire
SO19 7RJ





REGISTERED NUMBER: 11683023 (England and Wales)

OLIVE BRANCH GROUP LIMITED (REGISTERED NUMBER: 11683023)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £
FIXED ASSETS
Investments 4 300 300
Investment property 5 600,863 600,863
601,163 601,163

CURRENT ASSETS
Debtors 6 192,370 190,793
Cash at bank - 234
192,370 191,027
CREDITORS
Amounts falling due within one year 7 (131,078 ) (69,313 )
NET CURRENT ASSETS 61,292 121,714
TOTAL ASSETS LESS CURRENT
LIABILITIES

662,455

722,877

CREDITORS
Amounts falling due after more than one
year

8

(131,170

)

(160,616

)
NET ASSETS 531,285 562,261

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 530,985 561,961
531,285 562,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

OLIVE BRANCH GROUP LIMITED (REGISTERED NUMBER: 11683023)

BALANCE SHEET - continued
30 APRIL 2024


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 Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





S Cole - Director


OLIVE BRANCH GROUP LIMITED (REGISTERED NUMBER: 11683023)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Olive Branch Group 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

OLIVE BRANCH GROUP LIMITED (REGISTERED NUMBER: 11683023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 May 2023
and 30 April 2024 300
NET BOOK VALUE
At 30 April 2024 300
At 30 April 2023 300

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 May 2023
and 30 April 2024 600,863
NET BOOK VALUE
At 30 April 2024 600,863
At 30 April 2023 600,863

OLIVE BRANCH GROUP LIMITED (REGISTERED NUMBER: 11683023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Other debtors 33,555 31,093

Amounts falling due after more than one year:
Amounts owed by group undertakings 158,815 159,700

Aggregate amounts 192,370 190,793

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 26,739 24,000
Trade creditors 3,605 83
Amounts owed to group undertakings 69,750 14,061
Taxation and social security - 185
Other creditors 30,984 30,984
131,078 69,313

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 131,170 160,616

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 157,893 184,616

The bank loan is secured against the investment property.

10. RELATED PARTY DISCLOSURES

As at the balance sheet date the directors owed the company £660 (2023 - £nil). The loans are interest free and repayable upon demand.