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REGISTERED NUMBER: 08852921 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Olive Property Limited

Olive Property Limited (Registered number: 08852921)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Olive Property Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: J Khan





SECRETARY:





REGISTERED OFFICE: Trust House
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL





REGISTERED NUMBER: 08852921 (England and Wales)





ACCOUNTANTS: Isaacs
Trust House C/O Isaacs
St James Business Park
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL

Olive Property Limited (Registered number: 08852921)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 437,210 438,067

CURRENT ASSETS
Debtors 5 90,716 764
Cash at bank and in hand 38,299 152,504
129,015 153,268
CREDITORS
Amounts falling due within one year 6 110,059 139,017
NET CURRENT ASSETS 18,956 14,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

456,166

452,318

CREDITORS
Amounts falling due after more than one
year

7

166,436

174,906
NET ASSETS 289,730 277,412

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 289,628 277,310
SHAREHOLDERS' FUNDS 289,730 277,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Olive Property Limited (Registered number: 08852921)

Balance Sheet - continued
30 June 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 16 December 2024 and were signed by:





J Khan - Director


Olive Property Limited (Registered number: 08852921)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Olive Property 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 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.

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 - NIL ) .

Olive Property Limited (Registered number: 08852921)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 433,777 6,873 440,650
DEPRECIATION
At 1 July 2023 - 2,583 2,583
Charge for year - 857 857
At 30 June 2024 - 3,440 3,440
NET BOOK VALUE
At 30 June 2024 433,777 3,433 437,210
At 30 June 2023 433,777 4,290 438,067

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 90,716 764

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,710 18,193
Trade creditors - 131
Taxation and social security 30,579 34,154
Other creditors 61,770 86,539
110,059 139,017

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 166,436 174,906

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 45,767 45,759
Bounce back loan 32,121 38,184
77,888 83,943