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Registration number: 13306492

OPPL Ltd

Annual Report and Unaudited Financial Statements

for the Period from 31 March 2021 to 31 March 2022

 

OPPL Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

OPPL Ltd

Company Information

Directors

Mr T A Steinberg

Mr R J Hemming

Registered office

86-90 Paul Street
London
England
EC2A 4NE

 

OPPL Ltd

(Registration number: 13306492)
Balance Sheet as at 31 March 2022

Note

2022
£

Current assets

 

Debtors

4

3,782

Cash at bank and in hand

 

501,844

 

505,626

Creditors: Amounts falling due within one year

5

(532,662)

Net liabilities

 

(27,036)

Capital and reserves

 

Called up share capital

6

5

Profit and loss account

(27,041)

Shareholders' deficit

 

(27,036)

For the financial period ending 31 March 2022 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 August 2022 and signed on its behalf by:
 

.........................................

Mr T A Steinberg
Director

 

OPPL Ltd

Notes to the Unaudited Financial Statements for the Period from 31 March 2021 to 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
86-90 Paul Street
London
England
EC2A 4NE
UK

2

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.

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.

 

OPPL Ltd

Notes to the Unaudited Financial Statements for the Period from 31 March 2021 to 31 March 2022

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.

3

Staff numbers

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

4

Debtors

2022
£

Prepayments

3,782

3,782

 

OPPL Ltd

Notes to the Unaudited Financial Statements for the Period from 31 March 2021 to 31 March 2022

5

Creditors

Creditors: amounts falling due within one year

2022
£

Due within one year

Trade creditors

192

Taxation and social security

1,506

Accruals and deferred income

30,000

Other creditors

500,964

532,662

6

Share capital

Allotted, called up and fully paid shares

 

2022

 

No.

£

Ordinary of £0.00 each

5,000,000

5.00

     

7

Related party transactions

Directors' remuneration

The directors' remuneration for the period was as follows:

2022
£

Remuneration

30,000