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Registered number: 06466990

OPEM LIMITED

ACCOUNTS
FOR THE YEAR ENDED 29/02/2024

Prepared By:
WALLER UK LIMITED
ACCOUNTANTS
28A CALLE CAMELIA
URB. CORTIJO DE TORREQUEBRADA
29630 BENALMADENA COSTA
MALAGA SPAIN

OPEM LIMITED

ACCOUNTS
FOR THE YEAR ENDED 29/02/2024
DIRECTORS
JB Pelham
CL Pelham
S Agass
SECRETARY
DG Pelham
REGISTERED OFFICE
WARNFORD COURT
29 THROGMORTON STREET
LONDON
EC2N 2AT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06466990
ACCOUNTANTS
WALLER UK LIMITED
ACCOUNTANTS
28A CALLE CAMELIA
URB. CORTIJO DE TORREQUEBRADA
29630 BENALMADENA COSTA
MALAGA SPAIN

OPEM LIMITED

ACCOUNTS
FOR THEYEARENDED29/02/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

OPEM LIMITED

BALANCE SHEET AT 29/02/2024
20242023
Notes££
FIXED ASSETS
Tangible assets317,390-
CURRENT ASSETS
Debtors4444,737237,151
Cash at bank and in hand865,945782,801
1,310,6821,019,952
CREDITORS: Amounts falling due within one year5641,860550,750
NET CURRENT ASSETS668,822469,202
TOTAL ASSETS LESS CURRENT LIABILITIES686,212469,202
CAPITAL AND RESERVES
Called up share capital61,0001,000
Profit and loss account685,212468,202
SHAREHOLDERS' FUNDS686,212469,202
For the year ending 29/02/2024 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 decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 05/11/2024 and signed on their behalf by
.............................
JB Pelham
Director

OPEM LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 29/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees3230
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsTotal
££
Cost
Additions20,97220,972
At 29/02/202420,97220,972
Depreciation
For the year3,5823,582
At 29/02/20243,5823,582
Net Book Amounts
At 29/02/202417,39017,390

OPEM LIMITED

4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors304,737156,651
Other debtors140,00080,500
444,737237,151
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax65,69965,531
Trade creditors404,707264,706
Other creditors63,93747,979
Accruals107,517172,534
641,860550,750
6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
1,0001,000