Acorah Software Products - Accounts Production 14.5.601 false true 30 November 2022 1 December 2021 false 1 December 2022 31 December 2023 31 December 2023 11047550 Mr Hugh Pattison-Appleton Mrs Alexandra Pattison-Appleton Mr Oliver Pattison-Appleton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11047550 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-12-31 11047550 2022-11-30 11047550 2023-12-31 11047550 2022-12-01 2023-12-31 11047550 frs-core:CurrentFinancialInstruments 2023-12-31 11047550 frs-core:Non-currentFinancialInstruments 2023-12-31 11047550 frs-core:ComputerEquipment 2023-12-31 11047550 frs-core:ComputerEquipment 2022-12-01 2023-12-31 11047550 frs-core:ComputerEquipment 2022-11-30 11047550 frs-core:ShareCapital 2023-12-31 11047550 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11047550 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-12-31 11047550 frs-bus:FilletedAccounts 2022-12-01 2023-12-31 11047550 frs-bus:SmallEntities 2022-12-01 2023-12-31 11047550 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-12-31 11047550 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-12-31 11047550 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-01 2023-12-31 11047550 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-11-30 11047550 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 11047550 frs-bus:Director1 2022-12-01 2023-12-31 11047550 frs-bus:Director2 2022-12-01 2023-12-31 11047550 frs-bus:Director3 2022-12-01 2023-12-31 11047550 frs-core:CurrentFinancialInstruments 9 2023-12-31 11047550 frs-countries:EnglandWales 2022-12-01 2023-12-31 11047550 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-11-30 11047550 2021-11-30 11047550 2022-11-30 11047550 2021-12-01 2022-11-30 11047550 frs-core:CurrentFinancialInstruments 2022-11-30 11047550 frs-core:Non-currentFinancialInstruments 2022-11-30 11047550 frs-core:ShareCapital 2022-11-30 11047550 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 11047550 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-11-30 11047550 frs-core:CurrentFinancialInstruments 9 2022-11-30
Registered number: 11047550
OPA Investments Ltd
Unaudited Financial Statements
For the Period 1 December 2022 to 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 11047550
31 December 2023 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 401 188
Investment Properties 5 400,000 380,000
400,401 380,188
CURRENT ASSETS
Debtors 6 838 958
Cash at bank and in hand 620 1,708
1,458 2,666
Creditors: Amounts Falling Due Within One Year 7 (53,524 ) (27,480 )
NET CURRENT ASSETS (LIABILITIES) (52,066 ) (24,814 )
TOTAL ASSETS LESS CURRENT LIABILITIES 348,335 355,374
Creditors: Amounts Falling Due After More Than One Year 8 (308,609 ) (339,848 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,957 ) -
NET ASSETS 30,769 15,526
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair Value Reserve 11 26,569 15,425
Profit and Loss Account 4,100 1
SHAREHOLDERS' FUNDS 30,769 15,526
Page 1
Page 2
For the period ending 31 December 2023 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Hugh Pattison-Appleton
Director
10 September 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
OPA Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11047550 . The registered office is 41 Millbrook Street, Hereford, HR4 9LF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Financial Instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year or on demand are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in other operating expenses.
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in nonconvertible preference and non puttable ordinary shares which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are intially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Directors loans are recognised at transaction price.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2022: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost or Valuation
As at 1 December 2022 530
Additions 389
As at 31 December 2023 919
...CONTINUED
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Depreciation
As at 1 December 2022 342
Provided during the period 176
As at 31 December 2023 518
Net Book Value
As at 31 December 2023 401
As at 1 December 2022 188
5. Investment Property
31 December 2023
£
Fair Value
As at 1 December 2022 380,000
Revaluations 20,000
As at 31 December 2023 400,000
The directors have valued investment properties at market value as at 31 December 2023.
6. Debtors
31 December 2023 30 November 2022
£ £
Due within one year
Trade debtors - 126
Other debtors 108 102
Amounts owed by related parties 730 730
838 958
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 30 November 2022
£ £
Trade creditors 392 745
Bank loans and overdrafts 3,209 1,144
Other loans 40,000 10,000
Corporation tax 1,548 1,204
...CONTINUED
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Other taxes and social security 167 -
Directors' loan accounts 8,175 14,387
Amounts owed to related parties 33 -
53,524 27,480
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 30 November 2022
£ £
Bank loans 258,609 259,848
Other loans 50,000 80,000
308,609 339,848
Of the creditors falling due after more than one year the following amounts are due after more than five years.
31 December 2023 30 November 2022
£ £
Bank loans 253,558 253,558
Other Creditors 50,000 50,000
9. Secured Creditors
Of the other loans the following amounts are secured by way of a First Charge on property owned by the company.
31 December 2023 30 November 2022
£ £
Bank loans and overdrafts 252,414 252,414
10. Share Capital
31 December 2023 30 November 2022
£ £
Allotted, Called up and fully paid 100 100
Page 6
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11. Reserves
Fair Value Reserve
£
As at 1 December 2022 15,425
Transfer to profit and loss 11,144
As at 31 December 2023 26,569
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