Registration number: 15362274

Olivia Mitchell Developments Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Olivia Mitchell Developments Limited

(Registration number: 15362274)
Balance Sheet as at 31 December 2025

	Note	2025 £		2024 £
Fixed assets
Investment property	3		300,000		176,308
Investments	4		25		25
			300,025		176,333
Current assets
Debtors	5	489		-
Cash at bank and in hand		1,610		489
		2,099		489
Creditors: Amounts falling due within one year	6	(224,909)		(178,495)
Net current liabilities			(222,810)		(178,006)
Total assets less current liabilities			77,215		(1,673)
Provisions for liabilities			(23,500)		-
Net assets/(liabilities)			53,715		(1,673)
Capital and reserves
Called up share capital		100		100
Revaluation reserve		100,192		-
Profit and loss account		(46,577)		(1,773)
Total equity			53,715		(1,673)

For the financial year ending 31 December 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 8 September 2026
 

......................................... Miss O. Mitchell Director

Olivia Mitchell Developments Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 December 2025

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The presentation currency is £ sterling

Group accounts not prepared

The Company, as a parent company of a small group, is not required to prepare group accounts by virtue of the exemption within 2399 Companies Act 2006..

Revenue recognition

Turnover comprises the total of rent receiver from the property owned by the business.

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.

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.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

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.

Olivia Mitchell Developments Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 December 2025

Share capital

Ordinary shares are classified as equity.

2	Staff numbers

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

3	Investment properties

	2025 £
At 1 January	176,308
Fair value adjustments	123,692
At 31 December	300,000

The property was revalued for refinancing in July 2025 in the directors opinion the value at that date is not materially different to the date at the year end and so this has been used as the fair value.

4	Investments

	2025 £	2024 £
Investments in associates	25	25