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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
Page
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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
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Olive Tree Restaurants Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
58,071 
18,431 
Current assets
Inventories
9,860 
- 
Debtors
38,316 
- 
Cash at bank and in hand
67,738 
36,545 
115,914 
36,545 
Creditors: amounts falling due within one year
(83,124)
(54,088)
Net current assets/(liabilities)
32,790 
(17,543)
Net assets
90,861 
888 
Capital and reserves
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
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Olive Tree Restaurants Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
18
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2023
23,039 
Additions
52,387 
At 31 August 2024
75,426 
Depreciation
At 1 September 2023
4,608 
Charge for the year
12,747 
At 31 August 2024
17,355 
Net book value
At 31 August 2024
58,071 
At 31 August 2023
18,431 
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Olive Tree Restaurants Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,081 
- 
Other debtors
27,235 
- 
38,316 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
42,490 
36,388 
Trade creditors
16,542 
- 
Taxes and social security
24,283 
17,700 
Other creditors
1,799 
- 
Loans from directors
(1,990)
- 
83,124 
54,088 
7
Average number of employees
During the year the average number of employees was 45 (2023: 38).
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