Olak Investment Company Limited

Registered number

SC666154

Filleted Accounts

31 July 2025

Olak Investment Company Limited
Registered number:		SC666154
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		122,550			62,400

Current assets
Cash at bank and in hand		492			331

Creditors: amounts falling due within one year	4	(6,705)			(10,935)

Net current liabilities			(6,213)			(10,604)

Total assets less current liabilities			116,337			51,796

Creditors: amounts falling due after more than one year	5		(92,495)			(48,995)



Net assets			23,842			2,801

Capital and reserves
Called up share capital			2			2
Revaluation reserve	7		18,000			-
Profit and loss account			5,840			2,799

Shareholders' funds			23,842			2,801

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




K Olak
Director
Approved by the board on 24 September 2025

Olak Investment Company Limited
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The prior accounts were prepared under FRS 105 – The Financial Reporting Standard applicable to the Micro-entities Regime. The transition to FRS 102 Section 1A represents a change in accounting framework. The transition has been applied retrospectively in accordance with FRS 102, and as a result, comparative figures have been restated where necessary to reflect the new accounting policies.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0


3	Tangible fixed assets
				Land and buildings
£
	Cost
	At 1 August 2024			62,400
	Additions			60,150
	At 31 July 2025			122,550

	Depreciation
	At 31 July 2025			-

	Net book value
	At 31 July 2025			122,550
	At 31 July 2024			62,400


4	Creditors: amounts falling due within one year	2025		2024
£			£

	Taxation and social security costs	713		450
	Other creditors	5,992		10,485
		6,705		10,935


5	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	92,495		48,995


6	Loans	2025		2024
£			£
	Creditors include:

	Secured bank loans	92,495		48,995

	There are charges held over the company assets by Aldermore Bank PLC, and The Mortgage Works (UK) PLC.


7	Revaluation reserve	2025		2024
£			£

	Gain on revaluation of land and buildings	18,000		-

	At 31 July 2025	18,000		-


8	Other information

	Olak Investment Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Office 1, Technology House
	9 Newton Place
	Glasgow
	Scotland
	G3 7PR