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Company Registration No. 13415244 (England and Wales)
OLSADY HOMES LIMITED Unaudited accounts for the year ended 31 May 2025
OLSADY HOMES LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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OLSADY HOMES LIMITED Company Information for the year ended 31 May 2025
Directors
MR ANDRZEJ STANISLAW OLSZANSKI MR KRZYSZTOF DOMINIK SZADY
Company Number
13415244 (England and Wales)
Registered Office
Southgate Office Village, Block E 286-A Chase Road Southgate London N14 6HF England
Accountants
Stoke Newington Accountants & Tax Consultants Ltd Southgate Office Village, Block E 286-A Chase Road Southgate London N14 6HF
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OLSADY HOMES LIMITED Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Current assets
Inventories
301,560
297,627
Cash at bank and in hand
571
500
302,131
298,127
Creditors: amounts falling due within one year
4
(600)
(930)
Net current assets
301,531
297,197
Total assets less current liabilities
301,531
297,197
Creditors: amounts falling due after more than one year
5
(304,135)
(298,835)
Net liabilities
(2,604)
(1,638)
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
(2,704)
(1,738)
Shareholders' funds
(2,604)
(1,638)
For the year ending 31 May 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 17 March 2026 and were signed on its behalf by
MR ANDRZEJ STANISLAW OLSZANSKI Director Company Registration No. 13415244
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OLSADY HOMES LIMITED Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
OLSADY HOMES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13415244. The registered office is Southgate Office Village, Block E, 286-A Chase Road, Southgate, London, N14 6HF, 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
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OLSADY HOMES LIMITED Notes to the Accounts for the year ended 31 May 2025
4
Creditors: amounts falling due within one year
2025
2024
£
£
Accruals
600
930
5
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from directors
304,135
298,835
6
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Transactions with related parties
At the balance sheet date, where the directors held controlling interest, the company owed the director £304,135.
8
Controlling party
The company's ultimate controlling party is the directors by virtue of their ownership of 50% of the issued share capital in the company.
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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