IRIS Accounts Production v24.3.2.46 11762326 director 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117623262023-08-31117623262024-08-31117623262023-09-012024-08-31117623262022-08-31117623262022-09-012023-08-31117623262023-08-3111762326ns15:EnglandWales2023-09-012024-08-3111762326ns14:PoundSterling2023-09-012024-08-3111762326ns10:Director12023-09-012024-08-3111762326ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3111762326ns10:SmallEntities2023-09-012024-08-3111762326ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3111762326ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3111762326ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3111762326ns10:FullAccounts2023-09-012024-08-3111762326ns10:OrdinaryShareClass12023-09-012024-08-3111762326ns10:RegisteredOffice2023-09-012024-08-3111762326ns5:CurrentFinancialInstruments2024-08-3111762326ns5:CurrentFinancialInstruments2023-08-3111762326ns5:Non-currentFinancialInstruments2024-08-3111762326ns5:Non-currentFinancialInstruments2023-08-3111762326ns5:ShareCapital2024-08-3111762326ns5:ShareCapital2023-08-3111762326ns5:RetainedEarningsAccumulatedLosses2024-08-3111762326ns5:RetainedEarningsAccumulatedLosses2023-08-3111762326ns5:PlantMachinery2023-09-012024-08-3111762326ns5:PlantMachinery2023-08-3111762326ns5:PlantMachinery2024-08-3111762326ns5:PlantMachinery2023-08-3111762326ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3111762326ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3111762326ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 11762326 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Ollie Homes Limited

Ollie Homes Limited (Registered number: 11762326)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ollie Homes Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: N O Holliday





REGISTERED OFFICE: 2 Clifton Moor Business Village
James Nicolson Link
York
North Yorkshire
YO30 4XG





REGISTERED NUMBER: 11762326 (England and Wales)





ACCOUNTANTS: Beckingtons
2 Clifton Moor Business
Village
James Nicolson Link
York
North Yorkshire
YO30 4XG

Ollie Homes Limited (Registered number: 11762326)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,521 3,554
Investment property 5 985,000 985,000
990,521 988,554

CURRENT ASSETS
Debtors 6 1,136 942
Cash at bank 34,724 48,688
35,860 49,630
CREDITORS
Amounts falling due within one year 7 4,071 11,155
NET CURRENT ASSETS 31,789 38,475
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,022,310

1,027,029

CREDITORS
Amounts falling due after more than one year 8 (330,000 ) (352,500 )

PROVISIONS FOR LIABILITIES (42,558 ) (42,067 )
NET ASSETS 649,752 632,462

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 649,751 632,461
SHAREHOLDERS' FUNDS 649,752 632,462

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ollie Homes Limited (Registered number: 11762326)

Balance Sheet - continued
31 August 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 director and authorised for issue on 17 February 2025 and were signed by:





N O Holliday - Director


Ollie Homes Limited (Registered number: 11762326)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Ollie Homes 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 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 as modified by the revaluation of certain assets.

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 machinery etc - 20% on reducing balance

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 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 1 (2023 - 1 ) .

Ollie Homes Limited (Registered number: 11762326)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 7,488
Additions 3,347
At 31 August 2024 10,835
DEPRECIATION
At 1 September 2023 3,934
Charge for year 1,380
At 31 August 2024 5,314
NET BOOK VALUE
At 31 August 2024 5,521
At 31 August 2023 3,554

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 985,000
NET BOOK VALUE
At 31 August 2024 985,000
At 31 August 2023 985,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2022 164,712
Cost 820,288
985,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 1,136 942

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 3,853 5,029
Other creditors 218 6,126
4,071 11,155

Ollie Homes Limited (Registered number: 11762326)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Other creditors 330,000 352,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary £1 1 1