Registered number
07127442
Olyan Investments Limited
Unaudited Filleted Accounts
for the year ended 30 April 2024
Olyan Investments Limited
Registered number: 07127442
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,737,031 662,264
Investments 4 569,309 547,455
2,306,340 1,209,719
Current assets
Cash at bank and in hand 387,009 884,720
Creditors: amounts falling due within one year 5 (603,521) (386,684)
Net current (liabilities)/assets (216,512) 498,036
Total assets less current liabilities 2,089,828 1,707,755
Creditors: amounts falling due after more than one year 6 (293,519) (293,519)
Net assets 1,796,309 1,414,236
Capital and reserves
Called up share capital 2,360 2,360
Profit and loss account 1,793,949 1,411,876
Shareholders' funds 1,796,309 1,414,236
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G A Parker
Director
Approved by the board on 29 January 2025
Olyan Investments Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents amounts receivable from services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not depreciated
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2023 662,264
Additions 1,074,767
At 30 April 2024 1,737,031
Depreciation
At 30 April 2024 -
Net book value
At 30 April 2024 1,737,031
At 30 April 2023 662,264
4 Investments
Other
investments
£
Cost
At 1 May 2023 547,455
Additions 21,854
At 30 April 2024 569,309
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,047 9,047
Taxation and social security costs 120,935 75,556
Other creditors 473,539 302,081
603,521 386,684
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 293,519 293,519
7 Controlling party
The controlling party, is G A Parker.
8 Other information
Olyan Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rosedean House
4 Argyle Road
Barnet
EN5 4DX
Olyan Investments Limited 07127442 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 G A Parker No description of principal activity 07127442 2022-05-01 2023-04-30 07127442 core:WithinOneYear 2023-04-30 07127442 core:AfterOneYear 2023-04-30 07127442 core:ShareCapital 2023-04-30 07127442 core:RetainedEarningsAccumulatedLosses 2023-04-30 07127442 2023-05-01 2024-04-30 07127442 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07127442 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07127442 bus:Director40 2023-05-01 2024-04-30 07127442 1 2023-05-01 2024-04-30 07127442 2 2023-05-01 2024-04-30 07127442 core:LandBuildings 2023-05-01 2024-04-30 07127442 countries:England 2023-05-01 2024-04-30 07127442 bus:FRS102 2023-05-01 2024-04-30 07127442 bus:FilletedAccounts 2023-05-01 2024-04-30 07127442 2024-04-30 07127442 core:WithinOneYear 2024-04-30 07127442 core:AfterOneYear 2024-04-30 07127442 core:ShareCapital 2024-04-30 07127442 core:RetainedEarningsAccumulatedLosses 2024-04-30 07127442 core:LandBuildings 2024-04-30 07127442 core:AdditionsToInvestments 2024-04-30 07127442 2023-04-30 07127442 core:LandBuildings 2023-04-30 iso4217:GBP xbrli:pure