Registered number
11727740
Olivier Estates Limited
Filleted Accounts
Year ended 31 March 2023
Olivier Estates Limited
Registered number: 11727740
Balance Sheet
as at 31 March 2024
Notes 2024 2023
- -
Fixed assets
Tangible assets 3 1,451,424 1,451,722
Current assets
Debtors 4 384,817 424,248
Cash at bank and in hand 5,138 25,565
389,955 - - 449,813 -
Creditors: amounts falling due within one year 5 (198,265) (157,439)
Net Current Assets 191,690 292,374
Total assets less current liabilities 1,643,114 - - 1,744,096
Creditors: amounts falling due after more than one year 6 (689,020) (770,945)
Net Assets 954,094 - - 973,151
Capital and reserves
Called up share capital 100 100
Share premium 935,939 935,939
Profit and loss account 18,055 37,112
Shareholders' funds 954,094 - - 973,151
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.
P Olivier
Director
Approved by the board on 2 April 2025
Olivier Estates Limited
Notes to the Accounts
for the year ended 31 March 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, on rental income . Revenue is recognised when rent is received
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation:A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor Vehicles Land and buildings
Cost or Valuation 2650 1,450,530
At 31 March 2024 2,650 1,450,530
Depreciation
As at 6th April 2023 1,458
Charge for the year 298 -
1,756
Net book value
At 31 March 2024 894 1,450,530
At 31 March 2023 1,192 1,450,530
Residential properties were valued on 1st July 2019 by Barclays Bank Securities Ltd
4 2024 2023
Trade debtors 2,618 2,049
Other debtors 382,199 422,199
384,817 424,248
5 Creditors: amounts falling due within one year 2024 2023
Bank loans and overdrafts 64,923 27,425
Trade creditors 1,500 1,400
Taxation and social security costs 3,381 6,208
Other creditors 128,461 122,406
198,265 157,439
6 Creditors: amounts falling due after one year 2024 2023
Bank loans (689,020) 770,945
7 Other information
Olivier Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Glegg Street
Liverpool
Merseyside
L3 7DX
7 Related Party Disclosures
The following amounts are included in sundry debtors owed by companies in which
Mr P Borg- Olivier is a director and shareholder 2024 2023
Liverpool City Sights Ltd 325,916 365,916
Newsham Park Estates Ltd 45,714 45,714
371,630 411,630
8 Transactions with directors 2024 2023
Directors loan Account
balance at 5th April 2023 (119,906) (116,120)
Transactions during year (8,504) (3,786)
Balance at 5th April 2024 (128,410) (119,906)
9 Secured Debts
Barclays Security Trustee Ltd holds fixed and floating charge
on all properties and undertakings of the company.
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