OLLU ENTERPRISE LTD

Company Registration Number:
14706165 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 06 March 2023

End date: 31 March 2024

OLLU ENTERPRISE LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

OLLU ENTERPRISE LTD

Company Information

for the Period Ended 31 March 2024




Director: MOHAMMAD JAVAD BAGHERI AFSARIEE
Registered office: Office One
1 Coldbath Square, Farringdon
London
GBR
EC1R 5HL
Company Registration Number: 14706165 (England and Wales)

OLLU ENTERPRISE LTD

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

The company's principal activity during the period was operating as a digital creative studio, providing innovative design, branding, and marketing solutions, including specialised services for startup companies.

Directors

The director(s) shown below were appointed to the company during the period
MOHAMMAD JAVAD BAGHERI AFSARIEE
06 March 2023

This report was approved by the board of directors on 1 December 2024
And Signed On Behalf Of The Board By:

Name: MOHAMMAD JAVAD BAGHERI AFSARIEE
Status: Director

OLLU ENTERPRISE LTD

Balance sheet

As at 31 March 2024


Notes
13 months to
31 Mar 2024
£
Fixed assets
Intangible assets: 4 44,775
Total fixed assets: 44,775
Current assets
Cash at bank and in hand: 10,671
Total current assets: 10,671
Creditors: amounts falling due within one year: 5 ( 153,929 )
Net current assets (liabilities): ( 143,258 )
Total assets less current liabilities: ( 98,483 )
Creditors: amounts falling due after more than one year: 6 ( 3,608 )
Total net assets (liabilities): ( 102,091 )

The notes form part of these financial statements

OLLU ENTERPRISE LTD

Balance sheet continued

As at 31 March 2024


Notes
13 months to
31 Mar 2024
£
Capital and reserves
Called up share capital: 1
Profit and loss account: ( 102,092 )
Shareholders funds: ( 102,091 )

For the year ending 31 March 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 1 December 2024
And Signed On Behalf Of The Board By:

Name: MOHAMMAD JAVAD BAGHERI AFSARIEE
Status: Director

The notes form part of these financial statements

OLLU ENTERPRISE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised when the goods or services are provided to the customer, in accordance with the company's agreed terms.
    For services, turnover is recognised at the point when the service is fully delivered and the customer is invoiced.
    Any advance payments or deposits received are recognised as deferred income until the associated goods or services are delivered.

    Tangible fixed assets depreciation policy

    The company applies the straight-line depreciation method for tangible fixed assets.
    Depreciation rates are based on the estimated useful life of each asset class:
    Office equipment: 25% per annum
    Furniture and fixtures: 10% per annum
    Computers: 33.33% per annum

    Intangible fixed assets amortisation policy

    Intangible assets, including the platform development, are amortised over their estimated useful lives using the straight-line method.
    The estimated useful life for the platform is 5 years.
    Amortisation is charged annually.

    Valuation information and policy

    All tangible fixed assets are carried at cost less accumulated depreciation.
    No revaluation of fixed assets is undertaken, and the company does not hold any investments that are subject to fair value measurement.
    The company’s intangible asset (platform development) is carried at cost, and no revaluation has taken place.

    Other accounting policies

    The company prepares its accounts on the historical cost basis, except where otherwise stated. Cash and cash equivalents are recognised at their nominal value, and any cash transactions are recognised in the period they occur. Deferred tax: The company does not recognise deferred tax due to the small entity exemption.

OLLU ENTERPRISE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    13 months to
    31 Mar 2024
    Average number of employees during the period 0

OLLU ENTERPRISE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

OLLU ENTERPRISE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Intangible assets

Other Total
Cost £ £
Additions 44,775 44,775
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2024 44,775 44,775
Amortisation
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 March 2024 - -
Net book value
Net book value at 31 March 2024 44,775 44,775

The intangible asset represents the development costs of the company’s proprietary platform, which is used to support business operations. No amortisation has been recorded during the year as the platform is still considered in the early stages of development.

OLLU ENTERPRISE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5.Creditors: amounts falling due within one year note

13 months to
31 Mar 2024
£
Other creditors 153,929
Total 153,929

As of 31 March 2024, OLLU ENTERPRISE LTD does not have any amounts owed to creditors that are secured. The company has no bank overdrafts, short-term bank loans, or finance leases that are secured against its assets.

Unsecured Creditors:
The company has unsecured creditors amounting to £153,929, which includes:
Director’s Loan Account: £153929
These liabilities are not secured by any company assets.

OLLU ENTERPRISE LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6.Creditors: amounts falling due after more than one year

13 months to
31 Mar 2024
£
Other creditors 3,608
Total 3,608

The £3,608.27 loan is a short-term liability from a family angel investor, which is due to be repaid after more than one year from the period ending 31 March 2024