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Company Registration No. 13317676 (England and Wales)
Olex Properties Limited Unaudited accounts for the year ended 30 April 2025
Olex Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Olex Properties Limited Company Information for the year ended 30 April 2025
Directors
Stephen Jeremy Dalton Alison Elizabeth Dalton
Company Number
13317676 (England and Wales)
Registered Office
262 Hyde End Road Spencers Wood Reading Berkshire RG7 1DL England
Accountants
Surrey Hills Accountancy Limited The Old Workshop Longfrey Cottage Dorking Road Chilworth GU4 8RH
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Olex Properties Limited Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
159
317
Investment property
5
1,028,490
1,028,490
1,028,649
1,028,807
Current assets
Debtors
6
1,195
1,260
Cash at bank and in hand
4,086
26,845
5,281
28,105
Creditors: amounts falling due within one year
7
(1,069)
(3,438)
Net current assets
4,212
24,667
Total assets less current liabilities
1,032,861
1,053,474
Creditors: amounts falling due after more than one year
8
(1,047,033)
(1,047,024)
Net (liabilities)/assets
(14,172)
6,450
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
(15,172)
5,450
Shareholders' funds
(14,172)
6,450
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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
Alison Elizabeth Dalton Director Company Registration No. 13317676
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Olex Properties Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Olex Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13317676. The registered office is 262 Hyde End Road, Spencers Wood, Reading, Berkshire, RG7 1DL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No Depreciation
Plant & machinery
25% Straight line
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 May 2024
634
At 30 April 2025
634
Depreciation
At 1 May 2024
317
Charge for the year
158
At 30 April 2025
475
Net book value
At 30 April 2025
159
At 30 April 2024
317
5
Investment property
2025
£
Fair value at 1 May 2024
1,028,490
At 30 April 2025
1,028,490
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Olex Properties Limited Notes to the Accounts for the year ended 30 April 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
1,195
1,260
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
-
2,369
Loans from directors
229
229
Accruals
840
840
1,069
3,438
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
759,887
759,920
Amounts owed to group undertakings and other participating interests
287,146
287,104
1,047,033
1,047,024
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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