Company Registration No. 14528135 (England and Wales)
OBP GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
OBP GROUP LIMITED
COMPANY INFORMATION
Director
Mr L K Walters
(Appointed 7 December 2022)
Company number
14528135
Registered office
The Woodlands
Woodland Road
Dodford
Bromsgrove
Worcestershire
B61 9BS
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
OBP GROUP LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
OBP GROUP LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OBP GROUP LIMITED FOR THE PERIOD ENDED 31 JANUARY 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of OBP Group Limited for the period ended 31 January 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of OBP Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of OBP Group Limited and state those matters that we have agreed to state to the Board of Directors of OBP Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OBP Group Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that OBP Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of OBP Group Limited. You consider that OBP Group Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of OBP Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
5 October 2023
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
OBP GROUP LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2023
31 January 2023
- 2 -
2023
Notes
£
£
Fixed assets
Tangible assets
3
26,000
Investments
4
886,200
912,200
Current assets
Debtors
6
94,000
Cash at bank and in hand
286,200
380,200
Creditors: amounts falling due within one year
7
(723,280)
Net current liabilities
(343,080)
Total assets less current liabilities
569,120
Creditors: amounts falling due after more than one year
8
(424,000)
Net assets
145,120
Capital and reserves
Called up share capital
9
100
Profit and loss reserves
145,020
Total equity
145,120

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

OBP GROUP LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023
31 January 2023
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 5 October 2023.
Mr L K Walters
Director
Company Registration No. 14528135
OBP GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023
- 4 -
1
Accounting policies
Company information

OBP Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Woodlands, Woodland Road, Dodford, Bromsgrove, Worcestershire, B61 9BS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% on reducing balance
1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was 1.

OBP GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2023
- 5 -
3
Tangible fixed assets
Motor vehicles
£
Cost
At 7 December 2022
-
0
Additions
26,000
At 31 January 2023
26,000
Depreciation and impairment
At 7 December 2022 and 31 January 2023
-
0
Carrying amount
At 31 January 2023
26,000
4
Fixed asset investments
2023
£
Investments
886,200
Movements in fixed asset investments
Shares in group undertakings
Other investments other than loans
Total
£
£
£
Cost or valuation
At 7 December 2022
-
-
-
Additions
878,300
7,900
886,200
At 31 January 2023
878,300
7,900
886,200
Carrying amount
At 31 January 2023
878,300
7,900
886,200
5
Financial instruments
2023
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
7,900
6
Debtors
2023
Amounts falling due within one year:
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
94,000
OBP GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2023
- 6 -
7
Creditors: amounts falling due within one year
2023
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
318,500
Other creditors
404,780
723,280
8
Creditors: amounts falling due after more than one year
2023
£
Other creditors
424,000
9
Called up share capital
2023
£
Ordinary share capital
Issued and fully paid
55 Ordinary A of £1 each
55
15 Ordinary B of £1 each
15
15 Ordinary C of £1 each
15
15 Ordinary D of £1 each
15
100

The following shares were allotted and fully paid for cash at par during the period:

 

55 Ordinary A shares of £1 each

15 Ordinary B shares of £1 each

15 Ordinary C shares of £1 each

15 Ordinary D shares of £1 each

10
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11
Ultimate controlling party

The ultimate controlling party is Mr L K Walters.

12
Comparatives

This is the company's first period, therefore there are no comparatives.

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