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Registration number: 05853004

Olive Grove Developments Limited
Annual Report and Unaudited Financial Statements
for the Period from 1 July 2024 to 31 December 2025

Olive Grove Developments Limited

Contents
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Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Olive Grove Developments Limited

Company Information
__________________________________________________________________________

Directors | P Artemi S M Gibbs

Company secretary | P Artemi

Registered office | Unit 2b Wrotham Business Park, Wrotham Park, Barnet EN5 4SZ

Accountants | Brooks Green Chartered AccountantsAbbey House 342 Regents Park Road London N3 2LJ

Olive Grove Developments Limited

(Registration number: 05853004)
Balance Sheet as at 31 December 2025
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| Note | 2025 £ | 2024 £
Fixed assets |  |  |  |  |
Tangible assets | 3 |  | 4,479 |  | 6,368
Current assets |  |  |  |  |
Debtors | 5 | 167,427 |  | 556,332 |
Cash at bank and in hand |  | 240,093 |  | 142,724 |
|  | 407,520 |  | 699,056 |
Creditors: Amounts falling due within one year | 6 | (367,927) |  | (307,188) |
Net current assets |  |  | 39,593 |  | 391,868
Net assets |  |  | 44,072 |  | 398,236
Capital and reserves |  |  |  |  |
Called up share capital | 7 | 100 |  | 100 |
Retained earnings |  | 43,972 |  | 398,136 |
Shareholders' funds |  |  | 44,072 |  | 398,236

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 June 2026 and signed on its behalf by:

S M Gibbs

Director

Olive Grove Developments Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 December 2025
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1 | 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

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.

Tax

The tax expense for the period comprises current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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:

Asset class | Depreciation method and rate
Furniture, fittings and equipment | 25% reducing balance
Motor Vehicles | 25% reducing balance

Olive Grove Developments Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 December 2025
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Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

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.

Olive Grove Developments Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 December 2025
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2 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).

3 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 July 2024 | 6,701 | 37,303 | 44,004
At 31 December 2025 | 6,701 | 37,303 | 44,004
Depreciation
At 1 July 2024 | 6,304 | 31,332 | 37,636
Charge for the period | 397 | 1,492 | 1,889
At 31 December 2025 | 6,701 | 32,824 | 39,525
Carrying amount
At 31 December 2025 | - | 4,479 | 4,479
At 30 June 2024 | 397 | 5,971 | 6,368

4 | Stocks

| 2025 £ | 2024 £

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 67,296 | 547,555
Other debtors | 100,131 | 8,777
| 167,427 | 556,332

Olive Grove Developments Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 December 2025
__________________________________________________________________________

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 75,477 | 796
Taxation and social security | 10,131 | 4,481
Accruals and deferred income | 5,420 | 5,420
Other creditors | 276,899 | 296,491
| 367,927 | 307,188

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100