Company Registration No. 13521922 (England and Wales)
Olive And Malbec Properties Ltd
Unaudited accounts
for the year ended 31 July 2024
Olive And Malbec Properties Ltd
Unaudited accounts
Contents
Olive And Malbec Properties Ltd
Company Information
for the year ended 31 July 2024
Directors
Nadia Kausar Burge
Patrick Thomas Ridley
Company Number
13521922 (England and Wales)
Registered Office
THE DEN EASTON BUSINESS CENTRE
Felix Road
BRISTOL
BS5 0HE
United Kingdom
Olive And Malbec Properties Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
4,578
3,605
Investment property
375,000
484,505
Cash at bank and in hand
16,978
250,444
Creditors: amounts falling due within one year
(152,581)
(768,139)
Net current liabilities
(69,307)
(517,695)
Total assets less current liabilities
310,271
(29,585)
Creditors: amounts falling due after more than one year
(274,697)
-
Net assets/(liabilities)
35,574
(29,585)
Called up share capital
2
2
Fair value reserve
65,406
-
Profit and loss account
(29,834)
(29,587)
Shareholders' funds
35,574
(29,585)
For the year ending 31 July 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 10 June 2025 and were signed on its behalf by
Nadia Kausar Burge
Director
Company Registration No. 13521922
Olive And Malbec Properties Ltd
Notes to the Accounts
for the year ended 31 July 2024
Olive And Malbec Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13521922. The registered office is THE DEN EASTON BUSINESS CENTRE, Felix Road, BRISTOL, BS5 0HE, United Kingdom.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Land & buildings
No depreciation
Fixtures & fittings
25% on reducing balance
Olive And Malbec Properties Ltd
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 August 2023
484,505
Net gain from fair value adjustments
65,406
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
4,755
459,878
Loans from directors
140,388
301,022
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).