The Olive Tree Pub Company Ltd


THE OLIVE TREE PUB COMPANY LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 NOVEMBER 2024



































Company Registration Number: 15282664

THE OLIVE TREE PUB COMPANY LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 9

THE OLIVE TREE PUB COMPANY LTD

COMPANY INFORMATION
FOR THE PERIOD ENDED 30 NOVEMBER 2024


DIRECTORS

J Gibbs
appointed 14 November 2023
A Hodges
appointed 14 November 2023
G Hodges
appointed 21 November 2023


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

The Plough
63 North Street
Bicester
OX26 6NB


COMPANY REGISTRATION NUMBER

15282664 England and Wales

THE OLIVE TREE PUB COMPANY LTD

BALANCE SHEET
AS AT 30 NOVEMBER 2024


	Notes	2024
		£

FIXED ASSETS
Tangible assets	6		26,461

CURRENT ASSETS
Stock		15,915
Debtors	7	1,226
Cash at bank and in hand		23,698


		40,839

CREDITORS: Amounts falling due within one year	8	100,422
CREDITORS: Amounts falling due within one year


NET CURRENT LIABILITIES			(59,583)


TOTAL ASSETS LESS CURRENT LIABILITIES			(33,122)

CREDITORS: Amounts falling due after more than one year	9		7,113
CREDITORS: Amounts falling due after more than one year

Provisions for liabilities and charges			6,615


NET (LIABILITIES)			(46,850)


CAPITAL AND RESERVES
Called up share capital			2
Distributable profit and loss account			(46,852)


SHAREHOLDERS' DEFICIT			(46,850)

THE OLIVE TREE PUB COMPANY LTD

BALANCE SHEET
AS AT 30 NOVEMBER 2024


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial period ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




A Hodges						G Hodges
Director						Director

Date approved by the board: 12 December 2025

THE OLIVE TREE PUB COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024


1	GENERAL INFORMATION

	The Olive Tree Pub Company Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	The Plough
	63 North Street
	Bicester
	OX26 6NB

	The company incorporated on 14 November 2023.

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Going concern

	The accounts have been drawn up on the going concern basis. The company owes its directors £23,535 and its creditors £84,003, which could be required for repayment without notice. The company is therefore dependent upon the continued support of its directors and creditors. The directors do not consider their own support nor the support of the creditors likely to be withdrawn.

	If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.


	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of food, drink and accommodation services as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

THE OLIVE TREE PUB COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Furniture and fittings					10% per annum straight line basis

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

THE OLIVE TREE PUB COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

	Leases

	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

	Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.

THE OLIVE TREE PUB COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. 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 taxable profits.

	Deferred tax is measured using 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.

	Current and deferred tax assets and liabilities are not discounted.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the period are shown as either accruals or prepayments in the balance sheet.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.

THE OLIVE TREE PUB COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

4	EMPLOYEES

	The average number of persons employed by the company (including directors) during the period was:

		2024
	Average number of employees	18


6	TANGIBLE ASSETS
		Furniture and fittings
		£
	Cost
	Additions	28,271


	At 30 November 2024	28,271


	Accumulated depreciation and impairments
	Charge for period	1,810


	At 30 November 2024	1,810


	Net book value
	At 30 November 2024	26,461


7	DEBTORS
		2024
		£
	Trade debtors	995
	Other debtors	231


		1,226


8	CREDITORS: Amounts falling due within one year
		2024
		£
	Trade creditors	18,403
	Taxation and social security	45,633
	Accruals and deferred income	6,492
	Other creditors	29,894


		100,422

THE OLIVE TREE PUB COMPANY LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024


9	CREDITORS: Amounts falling due after more than one year
		2024
		£
	Other creditors	7,113


10	CONTINGENCIES AND COMMITMENTS

	Other Commitments

	Amounts falling due under operating leases:	2024
		£
	In less than one year	37,883
	In more than one but less than five years	120,058


		157,941


11	RELATED PARTY TRANSACTIONS

	During the period, the following transactions with related parties took place:

	A Hodges
	Director	2024
		£
	Amount owed to director	12,154


	J Gibbs
	Director	2024
		£
	Amount owed to director	11,381