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Registered number: 15247433









OLAYA PROPERTY MANAGEMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2024

 
OLAYA PROPERTY MANAGEMENT LTD
REGISTERED NUMBER: 15247433

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
Note
£

  

Current assets
  

Cash at bank and in hand
 4 
1,727

  
1,727

Creditors: amounts falling due within one year
 5 
(3,690)

Net current (liabilities)/assets
  
 
 
(1,963)

Total assets less current liabilities
  
(1,963)

  

Net (liabilities)/assets
  
(1,963)


Capital and reserves
  

Called up share capital 
 6 
2

Profit and loss account
  
(1,965)

  
(1,963)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 July 2025.




................................................
Sam Hesami
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
OLAYA PROPERTY MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

1.


General information

Olaya Property Management Limited is a private company limited by shares, registered in the United Kingdom number 15247433. Its registered office is 18 Church Road, Bebington, Wirral, England, CH63 7PH. During the period, the principal activity of the company was that of Residents property management.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2

 
OLAYA PROPERTY MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the period was 1.


4.


Cash and cash equivalents

2024
£

Cash at bank and in hand
1,727

1,727



5.


Creditors: Amounts falling due within one year

2024
£

Other creditors
3,090

Accruals and deferred income
600

3,690



6.


Share capital

2024
£
Allotted, called up and fully paid


2 Ordinary shares of £1.00 each
2

Page 3

 
OLAYA PROPERTY MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

6.Share capital (continued)


During the period 2 ordinary shares of £1 each were issued, called up and fully paid to form the capital base of the company

 
Page 4