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REGISTERED NUMBER: 07200613 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 March 2023

for

O.M.P. Enterprise Ltd

O.M.P. Enterprise Ltd (Registered number: 07200613)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O.M.P. Enterprise Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Dr J R Naik
Dr R J Denning
Dr G K Khaira
Dr A S Sahajpal
Dr V M Riza





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 07200613 (England and Wales)





ACCOUNTANTS: HSP Nicklin Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

O.M.P. Enterprise Ltd (Registered number: 07200613)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,450,000 4,740,000

CURRENT ASSETS
Debtors 5 24,511 14,968
Cash at bank 43,612 43,842
68,123 58,810
CREDITORS
Amounts falling due within one year 6 290,880 740,779
NET CURRENT LIABILITIES (222,757 ) (681,969 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,227,243

4,058,031

CREDITORS
Amounts falling due after more than one
year

7

(3,313,064

)

(2,922,536

)

PROVISIONS FOR LIABILITIES (328,800 ) (193,900 )
NET ASSETS 1,585,379 941,595

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 200 200
Fair value reserve 9 1,401,977 826,877
Retained earnings 182,702 114,018
SHAREHOLDERS' FUNDS 1,585,379 941,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

O.M.P. Enterprise Ltd (Registered number: 07200613)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 14 August 2023 and were signed on its behalf by:





Dr J R Naik - Director


O.M.P. Enterprise Ltd (Registered number: 07200613)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

O.M.P. Enterprise 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

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.

Going concern
The financial statements have been produced on a going concern basis as the directors believe that the company will continue to receive the support of it's creditors.

Land and buildings
In accordance with the treatment of investment properties under Section 1A "small Entities" of Financial Reporting Standard 102, no depreciation is provided on these properties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

O.M.P. Enterprise Ltd (Registered number: 07200613)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 April 2022 4,740,000
Revaluations 710,000
At 31 March 2023 5,450,000
NET BOOK VALUE
At 31 March 2023 5,450,000
At 31 March 2022 4,740,000

Cost or valuation at 31 March 2023 is represented by:

Freehold
property
£   
Valuation in 2018 430,777
Valuation in 2020 590,000
Valuation in 2022 710,000
Cost 3,719,223
5,450,000

If Freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 3,719,223 3,719,223

Freehold property was valued on an open market basis on 1 August 2022 by Avison Young (UK) Ltd .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,692 13,528
Other debtors 9,819 1,440
24,511 14,968

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 41,073 94,275
Trade creditors 201,500 222,355
Taxation and social security 1,562 942
Other creditors 46,745 423,207
290,880 740,779

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 3,313,064 2,922,536

O.M.P. Enterprise Ltd (Registered number: 07200613)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,148,773 2,545,437

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 3,354,137 3,016,811

9. RESERVES
Fair
value
reserve
£   
At 1 April 2022 826,877
Transfer 575,100

At 31 March 2023 1,401,977

10. RELATED PARTY DISCLOSURES

The amount due to the directors at 31 March 2023 was £nil (2022 £212,500).