The Olivia Estate Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06877095

THE OLIVIA ESTATE LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 April 2025

THE OLIVIA ESTATE LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

THE OLIVIA ESTATE LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Mr D J Phillips
	Mr G P Elliott

Registered office	168 Church Road
	Hove
	East Sussex
	BN3 2DL

Accountants	UHY Hacker Young (S.E.) Limited
	Chartered accountants
	168 Church Road
	Hove
	East Sussex
	BN3 2DL

THE OLIVIA ESTATE LIMITED

STATEMENT OF FINANCIAL POSITION

30 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	4		107	107

Current assets

Debtors	5	1,980,183		1,980,498

Creditors: amounts falling due within one year	6	304		253
		-------------		-------------
Net current assets			1,979,879	1,980,245
			-------------	-------------
Total assets less current liabilities			1,979,986	1,980,352
			-------------	-------------
Net assets			1,979,986	1,980,352
			-------------	-------------

Capital and reserves

Called up share capital	110	110
Profit and loss account	1,979,876	1,980,242
	-------------	-------------
Shareholders funds	1,979,986	1,980,352
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 April 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

THE OLIVIA ESTATE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 4 December 2025 , and are signed on behalf of the board by:

Mr D J Phillips

Director

Company registration number: 06877095

THE OLIVIA ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 APRIL 2025

1. General information

The company is a private company limited by shares, registered in the United Kingdom. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No significant judgements have had to be made by the directors in preparing these financial statements.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 May 2024 and 30 April 2025	107
	----
Impairment
At 1 May 2024 and 30 April 2025	–
	----

Carrying amount
At 30 April 2025	107
	----
At 30 April 2024	107
	----

On 1 July 2009 the company purchased 100% of the issued ordinary share capital of Money Penny Holdings Limited, Aston Peel Limited and The Olivia Group Limited, companies incorporated in England and Wales.

On 25 July 2009 the company purchased 100% of the issued ordinary share capital of HPW Homes Limited, a company incorporated in England and Wales.

On 26 March 2021 the company purchased 100% of the issued ordinary share capital of Woofter Incorporated Limited, a company incorporated in England and Wales.

The activities of the above companies were property investment and development:

Aggregate capital and reserves

	2025	2024
	£	£
Money Penny Holdings Limited	515,696	493,843
Aston Peel Limited	970,958	888,066
The Olivia Group Limited	2,148,699	1,984,697
HPW Homes Limited	348,745	331,243
Woofter Incorporated Limited	(662)	1

Profit and (loss) for the year

	2025	2024
	£	£
Money Penny Holdings Limited	21,853	26,550
Aston Peel Limited	82,892	43,633
The Olivia Group Limited	164,002	144,455
HPW Homes Limited	17,502	1,536,611
Woofter Incorporated Limited	(663)	–

Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so. Thereore the accounts show information about the company as an individual entity.

5. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,950,619	1,950,934
Other debtors	29,564	29,564
	-------------	-------------
	1,980,183	1,980,498
	-------------	-------------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	304	253
	----	----

7. Related party transactions

The company was under the control of Mr D J Phillips and Mr G P Elliott throughout the current period. Mr D J Phillips and Mr G P Elliott are the directors and majority shareholders.