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Olive Tree Property Management Limited

Registered Number
07286602
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2025

Olive Tree Property Management Limited
Company Information
for the year from 1 July 2024 to 30 June 2025

Directors | Mandeep Singh Binning
| Kyriakoulla Charitou
| Antonis Demetri
| Nicholas Theori

Registered Address | 2nd Floor 10-12 Bourlet Close
| London
| W1W 7BR

Place of Business | Olive Tree Centre
| 472A Larkshall Road
| Higham's Park
| London
| E4 9HH

Registered Number | 07286602 (England and Wales)

Olive Tree Property Management Limited
Balance Sheet as at
30 June 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 4 |  |  | 1,910,000 |  |  |  | 1,450,000
|  |  |  | 1,910,000 |  |  |  | 1,450,000
Current assets |  |  |  |  |  |  |  |
Debtors | 5 | 48,571 |  |  |  | 87,957 |  |
Cash at bank and on hand |  | 59,808 |  |  |  | 211,255 |  |
|  | 108,379 |  |  |  | 299,212 |  |
Creditors amounts falling due within one year | 6 | (261,745) |  |  |  | (30,438) |  |
Net current assets (liabilities) |  |  |  | (153,366) |  |  |  | 268,774
Total assets less current liabilities |  |  |  | 1,756,634 |  |  |  | 1,718,774
Creditors amounts falling due after one year | 7 |  |  | (816,340) |  |  |  | (819,679)
Provisions for liabilities | 8 |  |  | (116,588) |  |  |  | (115,174)
Net assets |  |  |  | 823,706 |  |  |  | 783,921
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  | 823,606 |  |  |  | 783,821
Shareholders' funds |  |  |  | 823,706 |  |  |  | 783,921

- The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 August 2025, and are signed on its behalf by:
Mandeep Singh Binning Director Registered Company No. 07286602

Olive Tree Property Management Limited
Notes to the Financial Statements
for the year ended 30 June 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| 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).

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Turnover policy
--- | ---
| Turnover represents the net value of the rent received as per rental agreements..

| Current taxation
--- | ---
| Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

| Deferred tax
--- | ---
| 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.

| Tangible fixed assets and depreciation
--- | ---
| All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

| Investment property
--- | ---
| Investment Properties are stated at fair market valuations. Surplus or deficit arising on the revaluation are transferred to the profit and loss account.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 0 |  | 0

3. | Deferred tax
--- | ---
| Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4. | Tangible fixed assets
--- | ---

|  | Land & buildings |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 July 24 | 1,450,000 |  | 1,450,000
| Additions | 454,345 |  | 454,345
| Revaluations | 5,655 |  | 5,655
| At 30 June 25 | 1,910,000 |  | 1,910,000
| Net book value
| At 30 June 25 | 1,910,000 |  | 1,910,000
| At 30 June 24 | 1,450,000 |  | 1,450,000

| The valuation of properties has been carried out by the directors of the company and reflects the fair market value at the balance sheet date. The historical cost of the investment property is £1,443,649

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 12,526 |  | 10,478
| Other debtors | 27,698 |  | 67,698
| Prepayments and accrued income | 8,347 |  | 9,781
| Total | 48,571 |  | 87,957

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 234,286 |  | 3,271
| Bank borrowings and overdrafts | 3,170 |  | 3,001
| Taxation and social security | 11,848 |  | 11,396
| Other creditors | 9,500 |  | 10,400
| Accrued liabilities and deferred income | 2,941 |  | 2,370
| Total | 261,745 |  | 30,438

| 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.

7. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 816,340 |  | 819,679
| Total | 816,340 |  | 819,679

| The bank and bridging loans are secured against the properties and personal guaranties are given by the directors.

8. | Provisions for liabilities
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 116,588 |  | 115,174
| Total | 116,588 |  | 115,174