Olive Tree Ventures Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09887758 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

25 NOVEMBER 2015 TO 30 NOVEMBER 2016

FOR

OLIVE TREE VENTURES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

L Mortimer

REGISTERED OFFICE:

Unit 4 Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

REGISTERED NUMBER:

09887758 (England and Wales)

ACCOUNTANTS:

Asbury Harlow Buckley Tax & Accounts Limited

Unit 4 Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

FIXED ASSETS

Tangible assets

2

870

CURRENT ASSETS

Stocks

8,986

Cash at bank and in hand

158,309

167,295

CREDITORS

Amounts falling due within one year

33,993

NET CURRENT ASSETS

133,302

TOTAL ASSETS LESS CURRENT LIABILITIES

134,172

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

134,072

SHAREHOLDERS' FUNDS

134,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 May 2017 and were signed by:

L Mortimer - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable

overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,304

At 30 November 2016

1,304

DEPRECIATION

Charge for period

434

At 30 November 2016

434

NET BOOK VALUE

At 30 November 2016

870

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100