Registered number
12793980
Olympus Property Investing Group Limited
Filleted Accounts
31 August 2024
Olympus Property Investing Group Limited
Registered number: 12793980
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 147,007 147,007
Current assets
Cash at bank and in hand 2,698 -
Creditors: amounts falling due within one year 4 (14,953) (22,324)
Net current liabilities (12,255) (22,324)
Total assets less current liabilities 134,752 124,683
Creditors: amounts falling due after more than one year 5 (162,000) (139,125)
Net liabilities (27,248) (14,442)
Capital and reserves
Called up share capital 100 100
Profit and loss account (27,348) (14,542)
Shareholder's funds (27,248) (14,442)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Sulayman Cham
Director
Approved by the board on 22 May 2025
Olympus Property Investing Group Limited
Notes to the Accounts
for the year ended 31 August 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 147,007
At 31 August 2024 147,007
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 147,007
At 31 August 2023 147,007
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 550 550
Other creditors 14,403 21,774
14,953 22,324
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 162,000 139,125
6 Other information
Olympus Property Investing Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
109 Waterhouses Street
Audenshaw
Manchester
M34 5UG
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