Registered number
14099909
Ola Oshin Limited
Filleted Accounts
31 May 2024
Ola Oshin Limited
Registered number: 14099909
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Investment property 3 253,222 -
Current assets
Cash at bank and in hand 3,408 151,792
Creditors: amounts falling due within one year 4 (85,427) (157,315)
Net current liabilities (82,019) (5,523)
Total assets less current liabilities 171,203 (5,523)
Creditors: amounts falling due after more than one year 5 (184,050) -
Net liabilities (12,847) (5,523)
Capital and reserves
Called up share capital 102 102
Profit and loss account (12,949) (5,625)
Shareholders' funds (12,847) (5,523)
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.
M E Pilacik
Director
Approved by the board on 21 February 2025
Ola Oshin Limited
Notes to the Accounts
for the year ended 31 May 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).
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investment property 2024 2023
£ £
Valuation
At 1 June 2023 - -
Additions 253,222 -
Revaluation - -
Disposals - -
At 31 May 2024 253,222 -
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 85,427 157,315
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 184,050 -
6 Other information
Ola Oshin Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Dell Close
Harpenden
AL5 4HP
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