REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2024 |
for |
O.L.M Properties Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2024 |
for |
O.L.M Properties Ltd |
O.L.M Properties Ltd (Registered number: 12679391) |
Contents of the Financial Statements |
for the Year Ended 30 June 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
O.L.M Properties Ltd |
Company Information |
for the Year Ended 30 June 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
114-120 Northgate Street |
Chester |
CH1 2HT |
O.L.M Properties Ltd (Registered number: 12679391) |
Statement of Financial Position |
30 June 2024 |
30/6/24 | 30/6/23 |
Notes | £ | £ |
Current assets |
Debtors | 4 |
Cash at bank |
Creditors |
Amounts falling due within one year | 5 |
Net current (liabilities)/assets | ( |
) |
Total assets less current liabilities | ( |
) |
Capital and reserves |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
O.L.M Properties Ltd (Registered number: 12679391) |
Notes to the Financial Statements |
for the Year Ended 30 June 2024 |
1. | Statutory information |
O.L.M Properties Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
Going concern |
The financial statements have been prepared on the going concern basis of accounting, on the assumption that the director will continue to provide financial support to enable the company to meet its liabilities, which exceeded its assets at 30 June 2024. |
3. | Employees and directors |
The average number of employees during the year was NIL (2023 - NIL). |
4. | Debtors: amounts falling due within one year |
30/6/24 | 30/6/23 |
£ | £ |
Other debtors |
O.L.M Properties Ltd (Registered number: 12679391) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2024 |
5. | Creditors: amounts falling due within one year |
30/6/24 | 30/6/23 |
£ | £ |
Other creditors |
6. | Directors' advances, credits and guarantees |
The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023: |
30/6/24 | 30/6/23 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
These loans are unsecured, interest free and repayable on demand. The maximum balance outstanding during the year was £4,850. |