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Company Registration No. 13060733 (England and Wales)
OLOTON PROPERTY LIMITED Unaudited accounts for the year ended 31 December 2024
OLOTON PROPERTY LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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OLOTON PROPERTY LIMITED Company Information for the year ended 31 December 2024
Director
Dr Kingsley Enohumah
Company Number
13060733 (England and Wales)
Registered Office
124 CITY ROAD CITY ROAD LONDON EC1V 2NX ENGLAND
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OLOTON PROPERTY LIMITED Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
155,943
155,943
Current assets
Debtors
5
503
3,190
Cash at bank and in hand
9,650
5,941
10,153
9,131
Net current assets
10,153
9,131
Total assets less current liabilities
166,096
165,074
Creditors: amounts falling due after more than one year
6
(178,450)
(178,450)
Net liabilities
(12,354)
(13,376)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(12,454)
(13,476)
Shareholders' funds
(12,354)
(13,376)
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 26 August 2025 and were signed on its behalf by
Dr Kingsley Enohumah Director Company Registration No. 13060733
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OLOTON PROPERTY LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
OLOTON PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13060733. The registered office is 124 CITY ROAD CITY ROAD, LONDON, EC1V 2NX, 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
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.
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:
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 January 2024
155,943
At 31 December 2024
155,943
Depreciation
At 31 December 2024
-
Net book value
At 31 December 2024
155,943
At 31 December 2023
155,943
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
503
3,190
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Trade creditors
178,450
178,450
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OLOTON PROPERTY LIMITED Notes to the Accounts for the year ended 31 December 2024
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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