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REGISTERED NUMBER: 10374652 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

OLIVER GEORGE PROJECT MANAGEMENT LIMITED

OLIVER GEORGE PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 10374652)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OLIVER GEORGE PROJECT MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: L Hartland
Mrs M Hartland





REGISTERED OFFICE: 3 Neptune Court
Vanguard Way
Cardiff
Glamorgan
CF24 5PJ





REGISTERED NUMBER: 10374652 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
Unit 10
Bridgend Business Park
Bennett Street
Bridgend
Glamorgan
CF31 3SH

OLIVER GEORGE PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 10374652)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,193 4,870
Investment property 5 478,082 421,487
529,275 426,357

CURRENT ASSETS
Debtors 6 27,160 27,160
Cash at bank 8,088 18,036
35,248 45,196
CREDITORS
Amounts falling due within one year 7 204,663 91,446
NET CURRENT LIABILITIES (169,415 ) (46,250 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

359,860

380,107

CREDITORS
Amounts falling due after more than one year 8 (238,448 ) (264,621 )

PROVISIONS FOR LIABILITIES (12,798 ) (777 )
NET ASSETS 108,614 114,709

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 108,612 114,707
SHAREHOLDERS' FUNDS 108,614 114,709

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

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

OLIVER GEORGE PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 10374652)

BALANCE SHEET - continued
31 MAY 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 24 February 2025 and were signed on its behalf by:




L Hartland - Director



Mrs M Hartland - Director


OLIVER GEORGE PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 10374652)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Oliver George Project Management 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.

Turnover
Turnover represents invoiced provision of services net of the appropriate VAT flat rate scheme percentage, under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

OLIVER GEORGE PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 10374652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 - 29,170 2,972 32,142
Additions 60,802 - - 60,802
Disposals - (29,170 ) - (29,170 )
At 31 May 2024 60,802 - 2,972 63,774
DEPRECIATION
At 1 June 2023 - 24,300 2,972 27,272
Charge for year 9,609 - - 9,609
Eliminated on disposal - (24,300 ) - (24,300 )
At 31 May 2024 9,609 - 2,972 12,581
NET BOOK VALUE
At 31 May 2024 51,193 - - 51,193
At 31 May 2023 - 4,870 - 4,870

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 421,487
Additions 56,595
At 31 May 2024 478,082
NET BOOK VALUE
At 31 May 2024 478,082
At 31 May 2023 421,487

OLIVER GEORGE PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 10374652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 27,160 27,160

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 22,572 21,408
Trade creditors - 13
Amounts owed to participating interests 142,830 -
Taxation and social security 39,228 69,597
Other creditors 33 428
204,663 91,446

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans 238,448 264,621

9. SECURED DEBTS

The following secured debts are included within creditors:

31/5/24 31/5/23
£    £   
Bank loans 261,020 286,029

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
2 Ordinary £1 2 2

OLIVER GEORGE PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 10374652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


11. RESERVES
Retained
earnings
£   

At 1 June 2023 114,707
Profit for the year 144,705
Dividends (150,800 )
At 31 May 2024 108,612

12. RELATED PARTY DISCLOSURES

Lee Hartland owns a 100% interest in Hartland Construction Limited.

During the year the company raised invoices to Hartland Construction Limited in respect of management services in the sum of £347,064 (2023-£376,471).

At the year end there was an amount owed £115,670 (2023-£-27,160) to Hartland Construction Limited.