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Company Registration No. 04490718 (England and Wales)
OPQ limited Unaudited accounts for the year ended 31 March 2024
OPQ limited Unaudited accounts Contents
Page
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OPQ limited Company Information for the year ended 31 March 2024
Director
Andrew Howard Stern
Secretary
Louise Rachel Gale
Company Number
04490718 (England and Wales)
Registered Office
152-154 Coles Green Road London NW2 7HD
Accountants
Jacobs & Company 152 Coles Green Road London NW2 7HD
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OPQ limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,216,000 
1,150,000 
Current assets
Debtors
196,214 
116,334 
Cash at bank and in hand
16,925 
71,278 
213,139 
187,612 
Creditors: amounts falling due within one year
(11,192)
(6,673)
Net current assets
201,947 
180,939 
Total assets less current liabilities
1,417,947 
1,330,939 
Provisions for liabilities
Deferred tax
(269,446)
(159,303)
Net assets
1,148,501 
1,171,636 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
863,894 
863,894 
Profit and loss account
284,606 
307,741 
Shareholders' funds
1,148,501 
1,171,636 
For the year ending 31 March 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2024 and were signed on its behalf by
Andrew Howard Stern Director Company Registration No. 04490718
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OPQ limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
OPQ limited is a private company, limited by shares, registered in England and Wales, registration number 04490718. The registered office is 152-154 Coles Green Road, London, NW2 7HD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
1,150,000 
Net gain from fair value adjustments
66,000 
At 31 March 2024
1,216,000 
Investment property is stated at the director's valuation at the balance sheet date on an open market value basis.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
196,214 
116,334 
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OPQ limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,218 
1,059 
Taxes and social security
3,132 
- 
Other creditors
2,124 
2,124 
Loans from directors
2,468 
1,690 
Accruals
2,250 
1,800 
11,192 
6,673 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
269,446 
159,303 
2024 
2023 
£ 
£ 
Provision at start of year
159,303 
159,303 
Charged to the profit and loss account
110,143 
- 
Provision at end of year
269,446 
159,303 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Transactions with related parties
Other creditors due in less than one year include amounts totalling £1,690 (2023: £1,690) due to the directors of the company.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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