Company Registration No. 04490718 (England and Wales)
OPQ limited
Unaudited accounts
for the year ended 31 March 2024
OPQ limited
Unaudited accounts
Contents
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
OPQ limited
Statement of financial position
as at 31 March 2024
Investment property
1,216,000
1,150,000
Cash at bank and in hand
16,925
71,278
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
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
OPQ limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable.
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 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.
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.
Amounts falling due within one year
Other debtors
196,214
116,334
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
7
Deferred taxation
2024
2023
Accelerated capital allowances
269,446
159,303
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
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).