0 Olivia Charlotte Properties Limited 13154749 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is Letting of real estate Digita Accounts Production Advanced 6.30.9574.0 true true 13154749 2024-02-01 2025-01-31 13154749 2025-01-31 13154749 bus:OrdinaryShareClass1 bus:CumulativeNon-redeemableShares 2025-01-31 13154749 core:RetainedEarningsAccumulatedLosses 2025-01-31 13154749 core:RevaluationReserve 2025-01-31 13154749 core:ShareCapital 2025-01-31 13154749 core:CurrentFinancialInstruments 2025-01-31 13154749 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 13154749 core:Non-currentFinancialInstruments 2025-01-31 13154749 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 13154749 core:FurnitureFittingsToolsEquipment 2025-01-31 13154749 bus:SmallEntities 2024-02-01 2025-01-31 13154749 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 13154749 bus:FilletedAccounts 2024-02-01 2025-01-31 13154749 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13154749 bus:RegisteredOffice 2024-02-01 2025-01-31 13154749 bus:Director1 2024-02-01 2025-01-31 13154749 bus:OrdinaryShareClass1 bus:CumulativeNon-redeemableShares 2024-02-01 2025-01-31 13154749 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13154749 bus:Agent1 2024-02-01 2025-01-31 13154749 core:RetainedEarningsAccumulatedLosses 2024-02-01 2025-01-31 13154749 core:RevaluationReserve 2024-02-01 2025-01-31 13154749 core:ShareCapital 2024-02-01 2025-01-31 13154749 core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 13154749 countries:EnglandWales 2024-02-01 2025-01-31 13154749 2024-01-31 13154749 core:RetainedEarningsAccumulatedLosses 2024-01-31 13154749 core:RevaluationReserve 2024-01-31 13154749 core:ShareCapital 2024-01-31 13154749 core:FurnitureFittingsToolsEquipment 2024-01-31 13154749 2023-02-01 2024-01-31 13154749 2024-01-31 13154749 bus:OrdinaryShareClass1 bus:CumulativeNon-redeemableShares 2024-01-31 13154749 core:CurrentFinancialInstruments 2024-01-31 13154749 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13154749 core:Non-currentFinancialInstruments 2024-01-31 13154749 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 13154749 core:FurnitureFittingsToolsEquipment 2024-01-31 13154749 core:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 13154749 core:RevaluationReserve 2023-02-01 2024-01-31 13154749 core:ShareCapital 2023-02-01 2024-01-31 13154749 2023-01-31 13154749 core:RetainedEarningsAccumulatedLosses 2023-01-31 13154749 core:RevaluationReserve 2023-01-31 13154749 core:ShareCapital 2023-01-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 13154749

Olivia Charlotte Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

Olivia Charlotte Properties Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Statement of Changes in Equity | 4
Notes to the Unaudited Financial Statements | 5 to 10

Olivia Charlotte Properties Limited

Company Information

Director | Mrs Sarah Wade

Registered office | 95 Atwood Road Didsbury Manchester M20 6JW

Accountants | The Moffatts Partnership LLP Suite 1.1, First Floor Jackson House Sibson Road Sale M33 7RR

Olivia Charlotte Properties Limited

(Registration number: 13154749)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 401 | 534
Investment property | 5 | 400,000 | 400,000
|  | 400,401 | 400,534
Current assets |  |  |
Debtors | 6 | - | 486
Cash at bank and in hand |  | 48 | -
|  | 48 | 486
Creditors: Amounts falling due within one year | 7 | (92,643) | (100,839)
Net current liabilities |  | (92,595) | (100,353)
Total assets less current liabilities |  | 307,806 | 300,181
Creditors: Amounts falling due after more than one year | 7 | (297,513) | (295,688)
Provisions for liabilities |  | (7,027) | (6,951)
Net assets/(liabilities) |  | 3,266 | (2,458)
Capital and reserves |  |  |
Called up share capital | 8 | 1 | 1
Revaluation reserve |  | 29,632 | 29,632
Retained earnings |  | (26,367) | (32,091)
Shareholders' funds/(deficit) |  | 3,266 | (2,458)

Olivia Charlotte Properties Limited

(Registration number: 13154749)
Balance Sheet as at 31 January 2025

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 June 2026

......................................... Mrs Sarah Wade Director

Olivia Charlotte Properties Limited

Statement of Changes in Equity for the Year Ended 31 January 2025

| Share capital £ | Revaluation reserve £ | Retained earnings £ | Total £
At 1 February 2024 | 1 | 29,632 | (32,091) | (2,458)
Profit for the year | - | - | 5,724 | 5,724
At 31 January 2025 | 1 | 29,632 | (26,367) | 3,266

| Share capital £ | Revaluation reserve £ | Retained earnings £ | Total £
At 1 February 2023 | 1 | - | (24,805) | (24,804)
Profit for the year | - | - | 22,346 | 22,346
Other comprehensive income | - | 29,632 | (29,632) | -
Total comprehensive income | - | 29,632 | (7,286) | 22,346
At 31 January 2024 | 1 | 29,632 | (32,091) | (2,458)

Olivia Charlotte Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
95 Atwood Road
Didsbury
Manchester
M20 6JW

These financial statements were authorised for issue by the director on 1 June 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis on preparing its financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised under the accrual model. Income is recognised in the same period that the related expenditure the grant is intended to compensate is incurred.

Olivia Charlotte Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Olivia Charlotte Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 0).

Olivia Charlotte Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 February 2024 | 712 | 712
At 31 January 2025 | 712 | 712
Depreciation
At 1 February 2024 | 178 | 178
Charge for the year | 133 | 133
At 31 January 2025 | 311 | 311
Carrying amount
At 31 January 2025 | 401 | 401
At 31 January 2024 | 534 | 534

5 | Investment properties

| 2025 £
At 1 February | 400,000
At 31 January | 400,000

There has been no valuation of investment property by an independent valuer.

6 | Debtors

Current | 2025 £ | 2024 £
Other debtors | - | 486
| - | 486

Olivia Charlotte Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 82,000 | 96,224
Trade creditors |  | 1,020 | -
Accruals and deferred income |  | 1,050 | 1,020
Other creditors |  | 8,573 | 3,595
|  | 92,643 | 100,839

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 297,513 | 295,688

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary £1 Shares of £1 each | 1 | 1 | 1 | 1

Olivia Charlotte Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 297,513 | 295,688

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | - | 14,224
Other borrowings | 82,000 | 82,000
| 82,000 | 96,224