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REGISTERED NUMBER: 11111034 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2022 TO 29 APRIL 2023

FOR

OTP INVESTMENTS LIMITED

OTP INVESTMENTS LIMITED (REGISTERED NUMBER: 11111034)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2022 TO 29 APRIL 2023










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 5


OTP INVESTMENTS LIMITED (REGISTERED NUMBER: 11111034)

STATEMENT OF FINANCIAL POSITION
29 APRIL 2023

29.4.23 30.4.22
Notes £    £   
FIXED ASSETS
Investment property 4 385,000 385,000

CURRENT ASSETS
Debtors 5 14,873 41,995
Cash at bank 1,250 629
16,123 42,624
CREDITORS
Amounts falling due within one year 6 (200,162 ) (198,862 )
NET CURRENT LIABILITIES (184,039 ) (156,238 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,961

228,762

CREDITORS
Amounts falling due after more than one
year

7

(254,685

)

(254,685

)
NET LIABILITIES (53,724 ) (25,923 )

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 84,135 84,135
Retained earnings (137,860 ) (110,059 )
(53,724 ) (25,923 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 April 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.

OTP INVESTMENTS LIMITED (REGISTERED NUMBER: 11111034)

STATEMENT OF FINANCIAL POSITION - continued
29 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





O Phillips - Director


OTP INVESTMENTS LIMITED (REGISTERED NUMBER: 11111034)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2022 TO 29 APRIL 2023


1. STATUTORY INFORMATION

OTP INVESTMENTS LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11111034

Registered office: Unit 9
Lewis House
3a - 3 School Road
Ealing
London
NW10 6TD

The presentation currency of the financial statements is the Pound Sterling (£).


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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Valuation of investment property
As described in the notes to the financial statements, the investment properties are stated in the balance sheet at fair value, based on the valuation performed by the director. The director is of the opinion that the year-end valuation is not materially different to current market prices observed.

Investment properties have been recognised at fair value by the director and they are of the opinion that there has been no material change since 30th April 2023.

REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properly is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

OTP INVESTMENTS LIMITED (REGISTERED NUMBER: 11111034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2022 TO 29 APRIL 2023


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 29 April 2023 385,000
NET BOOK VALUE
At 29 April 2023 385,000
At 30 April 2022 385,000

The directors consider the investment properties to be stated at fair value as at 30 April 2023.

In respect of tangible assets held at valuation, the aggregate cost, depreciation and carrying amount that would have been recognised if the assets had been carried under the historical cost model are: Aggregate cost £300,865 (2022: £300,865), Aggregate depreciation £nil (2022: £nil) and carrying value £300,865 (2022: £300,865).

OTP INVESTMENTS LIMITED (REGISTERED NUMBER: 11111034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2022 TO 29 APRIL 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.23 30.4.22
£    £   
Amounts owed by group undertakings 14,711 41,943
Other debtors 162 52
14,873 41,995

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.23 30.4.22
£    £   
Trade creditors - 1,300
Amounts owed to group undertakings 68,021 65,121
Other creditors 132,141 132,441
200,162 198,862

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.4.23 30.4.22
£    £   
Bank loans 224,686 224,686
Other creditors 29,999 29,999
254,685 254,685

Amounts falling due in more than five years:

Repayable by instalments
Bank loans payable more than
5 years by instalments 224,686 224,686
224,686 224,686

8. RELATED PARTY DISCLOSURES

Transactions with directors are under normal market conditions and or not material.

The company has taken advantage of the exemption from the disclosures required by paragraph 33.1A of Financial Reporting Standard 102 regarding transactions between fellow group companies.

9. POST BALANCE SHEET EVENTS

There were no material events up to the date of approval of the financial statements by the board.

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of OTP Group Holdings Limited, a company registered in England and Wales.