Caseware UK (AP4) 2021.0.152 2021.0.152 2022-04-302022-04-302021-05-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13059850 2021-05-01 2022-04-30 13059850 2020-12-03 2021-04-30 13059850 2022-04-30 13059850 2021-04-30 13059850 c:Director1 2021-05-01 2022-04-30 13059850 c:Director3 2021-05-01 2022-04-30 13059850 d:CurrentFinancialInstruments 2022-04-30 13059850 d:CurrentFinancialInstruments 2021-04-30 13059850 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 13059850 d:CurrentFinancialInstruments d:WithinOneYear 2021-04-30 13059850 d:ShareCapital 2022-04-30 13059850 d:ShareCapital 2021-04-30 13059850 d:RetainedEarningsAccumulatedLosses 2022-04-30 13059850 d:RetainedEarningsAccumulatedLosses 2021-04-30 13059850 c:OrdinaryShareClass1 2021-05-01 2022-04-30 13059850 c:OrdinaryShareClass1 2022-04-30 13059850 c:OrdinaryShareClass1 2021-04-30 13059850 c:FRS102 2021-05-01 2022-04-30 13059850 c:AuditExempt-NoAccountantsReport 2021-05-01 2022-04-30 13059850 c:FullAccounts 2021-05-01 2022-04-30 13059850 c:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30 13059850 6 2021-05-01 2022-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13059850









OGPL DEVELOPMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2022

 
OGPL DEVELOPMENTS LIMITED
REGISTERED NUMBER: 13059850

BALANCE SHEET
AS AT 30 APRIL 2022

2022
2021
Note
£
£

Fixed assets
  

Investments
 4 
383,592
383,592

  
383,592
383,592

Current assets
  

Debtors: amounts falling due within one year
 5 
749,374
752,026

Cash at bank and in hand
 6 
4,037
20,000

  
753,411
772,026

Creditors: amounts falling due within one year
 7 
(1,370,120)
(1,227,731)

Net current liabilities
  
 
 
(616,709)
 
 
(455,705)

Total assets less current liabilities
  
(233,117)
(72,113)

  

Net liabilities
  
(233,117)
(72,113)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(233,118)
(72,114)

  
(233,117)
(72,113)


Page 1

 
OGPL DEVELOPMENTS LIMITED
REGISTERED NUMBER: 13059850
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 September 2022.




M Pavlovic
P D Doychev
Director
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
OGPL DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

1.


General information

OGPL Development Limited is a private company limited by shares incorporated in England & Wales (registered number 13059850). The registered office is C/O Ovington Group Ltd, 64 New Cavendish Street, London, England, W1G 8TB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 3

 
OGPL DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2021 - 4).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2021
383,592



At 30 April 2022
383,592




Page 4

 
OGPL DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

5.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
749,324
749,324

Other debtors
50
2,702

749,374
752,026



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
4,037
20,000

4,037
20,000



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Amounts owed to group undertakings
1,368,120
1,225,731

Accruals and deferred income
2,000
2,000

1,370,120
1,227,731


Page 5

 
OGPL DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

8.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £0.01 each
1
1


9.Other financial commitments

The company has provided security for the liabilities of its subsidiary company by way of a fixed charge dated 9 December 2020.
Included within amounts owed to group undertakings is a loan balance of £1,245,892 (2021: £1,116,223) which is secured by way of a separate fixed charged dated 9 December 2020.


10.


Related party transactions

The company has taken advantage of the exemption available in FRS 102 section 33 "Related party disclosures" whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.
At the year end, the company owed £1,245,892 (2021: £1,116,223) and £122,227 (2021: £109,507) to its parent companies.


11.


Controlling party

The immediate parent companies are Ovington Group Limited and PL Club 20 Limited.
The ultimate parent companies are New Cavendish Group Ltd, Looba Group Ltd and Prescient Capital Limited, all of whom are registered in England and Wales.
The ultimate parent companies are controlled by P Doychev, M Pavlovic, and D Friend and R Randall respectively.

 
Page 6