ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

Registered number: 14891356

OLIVE FALCON LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

OLIVE FALCON LTD

REGISTERED NUMBER: 14891356

BALANCE SHEET

AS AT 31 MARCH 2025

	31 March	31 January
	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		418		-
			418		-
Current assets
Debtors: amounts falling due within one year	5	13,419		-
Cash at bank and in hand	6	48,419		20
		61,838		20
Creditors: amounts falling due within one year	7	(24,540)		-
Net current assets			37,298		20
Total assets less current liabilities			37,716		20

Net assets			37,716		20

Capital and reserves
Called up share capital	20	20
Profit and loss account	37,696	-
	37,716	20

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OLIVE FALCON LTD

REGISTERED NUMBER: 14891356

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 9 September 2025.

................................................

Robert May

Director

The notes on pages 3 to 6 form part of these financial statements.

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OLIVE FALCON LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

Olive Falcon Ltd is a private company limited by share capital, incorporated in England and Wales on 24 May 2023. Principle activity of the Company throughout the period was that of information technology consultancy services. The Company's year end was extended from 31 January 2025 to 31 March 2025. The Company started trading on 01 February 2024.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

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

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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OLIVE FALCON LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings

33%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

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.

2.7

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.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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OLIVE FALCON LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

Employees

The average monthly number of employees, including the director, during the period was as follows:

		31 January
	31 March 2025	2024
	No.	No.

Total	1	1

4.	Tangible fixed assets

		Fixtures and fittings
		£
	Cost or valuation
	Additions	627
	At 31 March 2025	627
	Depreciation
	Charge for the period on owned assets	209
	At 31 March 2025	209
	Net book value
	At 31 March 2025	418
	At 31 January 2024	-

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OLIVE FALCON LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

Debtors

					31 March	31 January
					2025	2024
					£	£


Other debtors	4,669	-
Prepayments and accrued income	8,750	-
	13,419	-

Cash at bank and in hand	48,419	20
	48,419	20

Corporation tax	22,970	-
Accruals and deferred income	1,570	-
	24,540	-

8.	Controlling party

The Company is controlled by the director, Robert May, by virtue of his shareholding, as described in the director's report.

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