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OLSOPH Ltd
Registered Number:11688332
For the year ended 30 November 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2024
OLSOPH Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
11688332
As at 30 November 2024
OLSOPH Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
2
752,747
657,747
Investment property
752,747
657,747
Current assets
Trade and other receivables
1,867
3,503
3
51,359
Cash and cash equivalents
56,309
59,812
53,226
Trade and other payables: amounts falling due within one
year
(7,085)
(3,987)
4
46,141
55,825
Net current assets
Total assets less current liabilities
808,572
703,888
Trade and other payables: amounts falling due after more
than one year
(570,150)
(568,048)
5
(36,670)
(18,620)
Provisions for liabilities
203,854
Net assets
115,118
Capital and reserves
Called up share capital
100
100
Revaluation reserve
156,330
79,380
6
Retained earnings
47,424
35,638
203,854
115,118
Shareholders' funds
For the year ended 30 November 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Michael Wykes Director
These financial statements were approved and authorised for issue by the Board on 03 February 2025 and were signed by:
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4
Registered Number :
11688332
For the year ended 30 November 2024
OLSOPH Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 30 November 2024
OLSOPH Ltd
Notes to the Financial Statements
Statutory Information
OLSOPH Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
11688332.
Registered address:
4 Park Lane
Exeter
United Kingdom
EX4 9HL
The presentation currency is £ sterling.
The financial statements have been prepared in accordance with the provision of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies
Act 2006. The financial statements have been prepared under the historical cost convention as modified by the
revaluation of certain assets.
1. Accounting policies
Basis of preparing the financial statements
Revenue recognition
Rental income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Investment property
Total
£
Fair value
At 01 December 2023
657,747
Fair value adjustments
95,000
At 30 November 2024
752,747
Net book value
At 30 November 2024
752,747
At 30 November 2023
657,747
3. Trade and other receivables
2023
2024
£
£
Other debtors
3,503
1,867
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6
For the year ended 30 November 2024
OLSOPH Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
2,762
1,454
Other creditors
1,225
5,631
3,987
7,085
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
398,638
400,783
Other creditors
169,410
169,367
568,048
570,150
6. Reserves
Total
£
Revaluation reserve at 01 December 2023
79,380
Revaluation of fixed assets
95,000
Deferred tax provided on revaluation of trade investments
(18,050)
156,330
Revaluation reserve at 30 November 2024
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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