OLG Holdings Ltd - Accounts to registrar (filleted) - small 18.2

OLG Holdings Ltd - Accounts to registrar (filleted) - small 18.2

OLG HOLDINGS LTD - Company Information

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REGISTERED NUMBER: 12017140 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2020

for

OLG Holdings Ltd
OLG Holdings Ltd (Registered number: 12017140)

Contents of the Financial Statements
for the Year Ended 31 December 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OLG Holdings Ltd

Company Information
for the Year Ended 31 December 2020







DIRECTOR: L Gorman





REGISTERED OFFICE: Zeppelin Building, 3rd Floor
59-61 Farringdon Road
London
EC1M 3JB





REGISTERED NUMBER: 12017140 (England and Wales)





ACCOUNTANTS: EWP Limited
20 Anchor Terrace
3-13 Southwark Bridge Road
London
SE1 9HQ
Page 1
OLG Holdings Ltd (Registered number: 12017140)

Balance Sheet
31 December 2020

31.12.20 31.12.19
Notes £    £    £    £   
FIXED ASSETS
Investments 4 103,641 10,641

CURRENT ASSETS
Debtors 5 761,779 247,023
Cash at bank 118,172 203,460
879,951 450,483
CREDITORS
Amounts falling due within one year 6 541,325 245,112
NET CURRENT ASSETS 338,626 205,371
TOTAL ASSETS LESS CURRENT
LIABILITIES
442,267
216,012

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 442,265 216,010
442,267 216,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2021 and were signed by:





L Gorman - Director


The notes form part of these financial statements

Page 2
OLG Holdings Ltd (Registered number: 12017140)

Notes to the Financial Statements
for the Year Ended 31 December 2020


1. STATUTORY INFORMATION

OLG Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about OLG Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

Page 3 continued...
OLG Holdings Ltd (Registered number: 12017140)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020


4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2020 10,641 - 10,641
Additions 24,606 57,924 82,530
Revaluations - 10,470 10,470
At 31 December 2020 35,247 68,394 103,641
NET BOOK VALUE
At 31 December 2020 35,247 68,394 103,641
At 31 December 2019 10,641 - 10,641

Cost or valuation at 31 December 2020 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2020 - 10,470 10,470
Cost 35,247 57,924 93,171
35,247 68,394 103,641

If other investments had not been revalued they would have been included at the following historical cost:

31.12.20 31.12.19
£    £   
Cost 57,924 -

Other investments were valued on an open market value basis on 31 December 2020 by the portfolio manager. .

The following companies are included in fixed asset investments:
TPF Mallorca SL, incorporated in Spain, registered office s’Escola Graduada, número 42, 07350, Binissalem.
The Production Factory Manchester Ltd, incorporated in England and Wales, registered office Unit 2 Dark Lane, Manchester, United Kingdom, M12 6FA.
TPF Miami Inc, incorporated in USA, registered office 1370 Washington Ave 211, Miami Beach FL33139.
The Production Factory NY LLC incorporated in USA, registered office 195 Broadway 419, Brooklyn NY11211

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Trade debtors 127,665 246,485
Amounts owed by group undertakings 130,000 -
Other debtors 504,114 538
761,779 247,023

Page 4 continued...
OLG Holdings Ltd (Registered number: 12017140)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Bank loans and overdrafts 116 90
Trade creditors 448 2,748
Amounts owed to group undertakings 289,812 80,000
Taxation and social security 249,877 150,612
Other creditors 1,072 11,662
541,325 245,112

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the company made advances totalling £503,667 to the director. This loan is interest free has been repaid after the year end.

Page 5