| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 March 2025 |
| for |
| Olive Tree Assets Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 March 2025 |
| for |
| Olive Tree Assets Limited |
| Olive Tree Assets Limited (Registered number: 10063372) |
| Contents of the Financial Statements |
| for the year ended 30 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Olive Tree Assets Limited |
| Company Information |
| for the year ended 30 March 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| St George's Court |
| Winnington Avenue |
| Northwich |
| Cheshire |
| CW8 4EE |
| Olive Tree Assets Limited (Registered number: 10063372) |
| Balance Sheet |
| 30 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Non-distributable reserves |
| Retained earnings |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Olive Tree Assets Limited (Registered number: 10063372) |
| Notes to the Financial Statements |
| for the year ended 30 March 2025 |
| 1. | STATUTORY INFORMATION |
| Olive Tree Assets Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continued support of the company's directors. The directors believe that it is appropriate for these financial statements to be prepared on a going concern basis. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use. |
| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: |
| Fixtures and fittings | - 20% on reducing balance |
| Investment property |
| Investment properties are initially measured at cost plus costs directly attributable to the acquisition. Subsequent measurement is with reference to fair value with any increases credited to the income statement and transferred to a non-distributable reserve. Any diminution in fair value, below that of amounts already credited to this reserve, are charged to the income statement. Any increases in property values which were previously charged to the income statement are credited from the income statement to the extent that the original charge is reversed. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Short term debtors and creditors |
| Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. |
| Share capital |
| Ordinary shares are classed as equity. |
| Cash and cash equivalents |
| Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. |
| Loans and borrowings |
| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. |
| Olive Tree Assets Limited (Registered number: 10063372) |
| Notes to the Financial Statements - continued |
| for the year ended 30 March 2025 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 31 March 2024 |
| Disposals | ( |
) |
| At 30 March 2025 |
| DEPRECIATION |
| At 31 March 2024 |
| Eliminated on disposal | ( |
) |
| At 30 March 2025 |
| NET BOOK VALUE |
| At 30 March 2025 |
| At 30 March 2024 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 31 March 2024 |
| Disposals | ( |
) |
| Revaluations |
| At 30 March 2025 |
| NET BOOK VALUE |
| At 30 March 2025 |
| At 30 March 2024 |
| Cost or valuation at 30 March 2025 is represented by: |
| £ |
| Valuation in 2019 | 191,738 |
| Valuation in 2020 | 25,000 |
| Valuation in 2021 | 26,262 |
| Valuation in 2023 | 7,800 |
| Valuation in 2024 | 18,100 |
| Valuation in 2025 | 4,000 |
| 272,900 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 191,738 | 420,858 |
| Investment property was valued on an open market basis on 31 March 2025 by the Directors . |
| Olive Tree Assets Limited (Registered number: 10063372) |
| Notes to the Financial Statements - continued |
| for the year ended 30 March 2025 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans | 98,475 | 246,736 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| The bank loan is secured by way of a first legal charge over the freehold land and buildings and a fixed and floating charge over all other assets. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | Total |
| value: | £ |
| 52 | Ordinary | £0.01 | 1 |
| 52 | Ordinary A | £0.01 | 1 |
| 48 | Ordinary B | £0.01 | - |
| 48 | Ordinary C | £0.01 | - |
| 2 |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| At the year end the directors are owed £1,037 (2024: £128,599) which is repayable on demand and attracts no interest. |
| 12. | RELATED PARTY DISCLOSURES |
| Cash transfers were made during the year and within Other Creditors is a balance of £43,922 (2024: £84,922) owing to a company with common directors. There are no fixed repayment terms. |