OLIVET ASSEMBLY
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Next accounts due
2026-05-31 (this month)
Last filed for 2024-08-31
Confirmation statement due
2027-05-15 (in 1y)
Last made up 2026-05-01
Watchouts
None on the register
Cash
£205K
-22.4% vs 2023
Net assets
£3M
+17.4% vs 2023
Employees
10
-9.1% vs 2023
Profit before tax
—
Period ending 2024-08-31
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-08-31
| Metric | Trend | 2023-08-31 | 2024-08-31 |
|---|---|---|---|
| Turnover | £166,699 | £261,333 | |
| Operating profit | — | — | |
| Profit before tax | — | — | |
| Net profit | -£34,763 | £379,356 | |
| Cash | £263,727 | £204,624 | |
| Total assets less current liabilities | £3,073,999 | £2,556,460 | |
| Net assets | £2,177,104 | £2,556,460 | |
| Equity | £2,177,104 | £2,556,460 | |
| Average employees | 11 | 10 | |
| Wages | £289,238 | £273,350 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-08-31 | 2024-08-31 |
|---|---|---|---|
| Net margin | -20.9% | 145.2% | |
| Current ratio | 1.25x | 0.37x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BK Plus Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on”
Group structure
- OLIVET ASSEMBLY · parent
- Global London College Ltd 100%
Significant events
- “Significantly, in 2024 the charity successfully refinanced the mortgage on Pilgrim Hall, an important milestone that reflects prudent financial stewardship and long-term planning.”
- “The charity's outreach work expanded significantly in 2024, with in-person engagement and ministry activities taking place in seven cities across the United Kingdom and Ireland.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KIM, Jaewon | Director | 2015-05-01 | Aug 1977 | British |
| KIM, Sung Hee | Director | 2023-06-27 | Sep 1983 | South Korean |
| SHIM, Myong Sop | Director | 2022-04-20 | Jan 1978 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAE, Youngho | Director | 2018-03-09 | 2023-06-27 |
| JANECKOVA, Maria | Director | 2015-05-01 | 2022-04-20 |
| KIM, Sung Hee | Director | 2015-05-01 | 2018-03-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Sung Hee Kim | Individual | Voting 25–50% | 2023-06-27 | Active |
| Mr Myong Sop Shim | Individual | Voting 25–50% | 2022-04-20 | Active |
| Mr Jaewon Kim | Individual | Significant influence | 2018-03-09 | Active |
Filing timeline
Last 20 of 51 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-02 | AA | accounts | Accounts with accounts type group | |
| 2025-05-31 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-06-03 | AA | accounts | Accounts with accounts type group | |
| 2024-05-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-20 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-02-20 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-09-07 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2023-09-07 | CH01 | officers | Change person director company with change date | |
| 2023-09-04 | CH01 | officers | Change person director company with change date | |
| 2023-06-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-01 | AA | accounts | Accounts with accounts type full | |
| 2023-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-03 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-08-31 vs 2023-08-31
-
Turnover
+56.8%
£166,699 £261,333
-
Cash
-22.4%
£263,727 £204,624
-
Net assets
+17.4%
£2,177,104 £2,556,460
-
Employees
-9.1%
11 10
-
Wages
-5.5%
£289,238 £273,350
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers