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REGISTERED NUMBER: 09672408 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Olenian Ltd

Olenian Ltd (Registered number: 09672408)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Olenian Ltd

Company Information
for the year ended 31 July 2024







DIRECTORS: Mr B Moloney
Mr G Raw





REGISTERED OFFICE: 30 Castle Street
Steventon
Abingdon
Oxfordshire
OX13 6SR





REGISTERED NUMBER: 09672408 (England and Wales)





ACCOUNTANTS: Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF

Olenian Ltd (Registered number: 09672408)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,767 32,355

CURRENT ASSETS
Debtors 5 1,486 177
Investments 6 491 -
Cash at bank 680,383 265,567
682,360 265,744
CREDITORS
Amounts falling due within one year 7 97,303 23,821
NET CURRENT ASSETS 585,057 241,923
TOTAL ASSETS LESS CURRENT LIABILITIES 609,824 274,278

PROVISIONS FOR LIABILITIES 6,192 6,798
NET ASSETS 603,632 267,480

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 602,632 266,480
SHAREHOLDERS' FUNDS 603,632 267,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Olenian Ltd (Registered number: 09672408)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2024 and were signed on its behalf by:




Mr B Moloney - Director



Mr G Raw - Director


Olenian Ltd (Registered number: 09672408)

Notes to the Financial Statements
for the year ended 31 July 2024


1. STATUTORY INFORMATION

Olenian Ltd 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Olenian Ltd (Registered number: 09672408)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 75,361
Additions 211
At 31 July 2024 75,572
DEPRECIATION
At 1 August 2023 43,006
Charge for year 7,799
At 31 July 2024 50,805
NET BOOK VALUE
At 31 July 2024 24,767
At 31 July 2023 32,355

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,486 177

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Wise - excess reported income 491 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,898 341
Taxation and social security 91,634 20,799
Other creditors 2,771 2,681
97,303 23,821

Olenian Ltd

Report of the Accountants to the Directors of
Olenian Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF


Date: .............................................