Olivaw Finance Ltd

(Registration number: 12368319)
Balance Sheet as at 30 September 2024

	Note	30.09.24		30.04.24
		£	£	£	£
FIXED ASSETS
Other financial assets	4		-		358,589
CURRENT ASSETS
Debtors	5	11,695		7,522,162
Cash at bank and in hand		961		183
		12,656		7,522,345
CREDITORS
Creditors within 1yr	6	12,655		7,700,078
Net current assets/(liabilities)			1		(177,733)
Net assets			1		180,856
CAPITAL AND RESERVES
Called up share capital			1		1
Profit and loss account			-		180,855
Shareholders' funds			1		180,856

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 September 2025 and signed on its behalf by:
 

......................................... CS Dewar Director

Olivaw Finance Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 30 September 2024

1.	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Brent Hall Warley Gap
Little Warley
Brentwood
CM13 3DP
United Kingdom

These financial statements were authorised for issue by the Board on 16 September 2025.

2.	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

Revenue recognition

Net interest income: interest income and expense are recognised in the income statement for all interest-bearing financial instruments using the effective interest method, except for those classified at fair value through profit
or loss. The effective interest method is a method of calculating the amortised cost of a financial asset or liability and of allocating the interest income or interest expense over the expected life of the financial instrument.

Fee and commission income and expense: fees and commissions receivable which are not an integral part of the effective interest rate are recognised as income as the company fulfils its performance obligations.

Other dividend income is recognised when the right to receive payment is established.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Olivaw Finance Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 30 September 2024 (continued)

2	Accounting policies (continued)

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3.	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2024 - 0).

Olivaw Finance Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 30 September 2024 (continued)

4.	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 May 2024	358,589	358,589
Disposals	(358,589)	(358,589)
At 30 September 2024	-	-
Impairment
Carrying amount
At 30 September 2024	-	-

5.

Debtors

Current	Note	30.09.24 £	30.04.24 £
Amounts owed by related parties	7	-	7,510,467
Other debtors		11,695	11,695
		11,695	7,522,162

Olivaw Finance Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 30 September 2024 (continued)

6.

Creditors

Creditors: amounts falling due within one year

	Note	30.09.24 £	30.04.24 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7	-	7,620,025
Accruals and deferred income		9,425	6,000
Other creditors		3,230	74,053
		12,655	7,700,078