OM SPSM LIMITED

Company Registration Number:
11860002 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

OM SPSM LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

OM SPSM LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Dr S Jeyanathan
Dr P Jeyanathan


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 July 2024

And signed on behalf of the board by:
Name: Dr S Jeyanathan
Status: Director

OM SPSM LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 717 956
Investments: 4 897,288 709,125
Total fixed assets: 898,005 710,081
Current assets
Debtors: 5 63,609 76,081
Cash at bank and in hand: 6,074 2,842
Total current assets: 69,683 78,923
Creditors: amounts falling due within one year: 6 ( 30,884 ) ( 29,635 )
Net current assets (liabilities): 38,799 49,288
Total assets less current liabilities: 936,804 759,369
Creditors: amounts falling due after more than one year: 7 ( 961,926 ) ( 785,939 )
Total net assets (liabilities): (25,122) (26,570)
Capital and reserves
Called up share capital: 100 100
Other reserves: 17,671 17,671
Profit and loss account: (42,893 ) (44,341 )
Total Shareholders' funds: ( 25,122 ) (26,570)

The notes form part of these financial statements

OM SPSM LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 July 2024
and signed on behalf of the board by:

Name: Dr S Jeyanathan
Status: Director

The notes form part of these financial statements

OM SPSM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Basis of preparationThe financial statements have been prepared on the historical cost basis, as modified by the revaluationof certain financial assets and liabilities and investment properties measured at fair value through profitor loss.The financial statements are prepared in sterling, which is the functional currency of the entity.

OM SPSM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 2

OM SPSM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 3,022 3,022
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 3,022 3,022
Depreciation
At 1 April 2023 2,066 2,066
Charge for year 239 239
On disposals
Other adjustments
At 31 March 2024 2,305 2,305
Net book value
At 31 March 2024 717 717
At 31 March 2023 956 956

OM SPSM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed assets investments note

Fixed asset investmentsFixed asset investments are initially recorded at cost, and subsequently stated at cost less anyaccumulated impairment losses. Listed investments are measured at fair value with changes in fairvalue being recognised in profit or loss.

OM SPSM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Other debtors 63,609 76,081
Total 63,609 76,081

OM SPSM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 28,780 27,835
Other creditors 2,104 1,800
Total 30,884 29,635

OM SPSM LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 599,926 467,939
Other creditors 362,000 318,000
Total 961,926 785,939