Company Registration No. 14282173 (England and Wales)
Olive Tree Restaurants Ltd
Unaudited accounts
for the year ended 31 August 2024
Olive Tree Restaurants Ltd
Unaudited accounts
Contents
Olive Tree Restaurants Ltd
Company Information
for the year ended 31 August 2024
Directors
Huseyin Agac
Suleyman Ata
Ibrahim Demir
Company Number
14282173 (England and Wales)
Registered Office
199
Midsummer Boulevard
Milton Keynes
Buckinghamshire
MK9 1EA
England
Accountants
Alpha Tax Advisors
Unit 1, Stanier Square Centre
Bletchley, Milton Keynes
United Kingdom
MK2 2FY
Olive Tree Restaurants Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
58,071
18,431
Cash at bank and in hand
67,738
36,545
Creditors: amounts falling due within one year
(83,124)
(54,088)
Net current assets/(liabilities)
32,790
(17,543)
Called up share capital
300
300
Profit and loss account
90,561
588
Shareholders' funds
90,861
888
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by
Suleyman Ata
Director
Company Registration No. 14282173
Olive Tree Restaurants Ltd
Notes to the Accounts
for the year ended 31 August 2024
Olive Tree Restaurants Ltd is a private company, limited by shares, registered in England and Wales, registration number 14282173. The registered office is 199, Midsummer Boulevard, Milton Keynes, Buckinghamshire, MK9 1EA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
At 1 September 2023
23,039
Charge for the year
12,747
Olive Tree Restaurants Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
24,283
17,700
Loans from directors
(1,990)
-
7
Average number of employees
During the year the average number of employees was 45 (2023: 38).