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Registered number: 05044417
Olympia Associates Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
Bramil Associates LLP
First Floor
677 High Road
London
N12 0DA
Olympia Associates Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Asif Ghiawadwala
Amin Ghia
SECRETARY
Amin Ghia
REGISTERED OFFICE
First Floor
677 High Road
London
N12 0DA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05044417
ACCOUNTANTS
Bramil Associates LLP
First Floor
677 High Road
London
N12 0DA
Olympia Associates Ltd
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4
Olympia Associates Ltd
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Tangible assets32,211,7171,498,884
CURRENT ASSETS
Debtors442,18452,181
Current Asset Investments5759,000450,000
Cash at bank and in hand5,677484,677
806,861986,858
CREDITORS: Amounts falling due within one year61,857,5031,545,444
NET CURRENT LIABILITIES(1,050,642)(558,586)
TOTAL ASSETS LESS CURRENT LIABILITIES1,161,075940,298
CREDITORS: Amounts falling due after more than one year71,162,0271,003,276
NET LIABILITIES(952)(62,978)
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account(954)(62,980)
SHAREHOLDERS' FUNDS(952)(62,978)
For the year ending 31/03/2025 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/12/2025 and signed on their behalf by
.............................
Amin Ghia
Director
Olympia Associates Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
2. EMPLOYEES
20252024
No.No.
Average number of employees22
3. TANGIBLE FIXED ASSETS
Land AndPlant and
BuildingsMachineryEquipmentTotal
££££
Cost
At 01/04/20241,496,5922,4783,2301,502,300
Additions712,834--712,834
At 31/03/20252,209,4262,4783,2302,215,134
Depreciation
At 01/04/2024-1,5601,8573,417
At 31/03/2025-1,5601,8573,417
Net Book Amounts
At 31/03/20252,209,4269181,3732,211,717
At 31/03/20241,496,5929181,3731,498,883
Olympia Associates Ltd
4. DEBTORS 20252024
££
Amounts falling due within one year
Other debtors34,00043,997
Prepayments8,1848,184
42,18452,181
5. CURRENT ASSET INVESTMENTS
20252024
££
Unlisted investments - Other Deposits759,000450,000
759,000450,000
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
Directors current account1,532,4431,272,258
Bank Loan7,5007,500
Trade creditors11
Other creditors6,000-
Landlord's Funds296,821196,726
Tenants Deposits10,01056,481
Accruals4,72812,478
1,857,5031,545,444
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Bank loans (secured) >1yr3,65213,651
Loans >1yr1,158,375989,625
1,162,0271,003,276
Olympia Associates Ltd
8. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
2 Class 1 shares of £1 each22
22