Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 10803482 S Sutherland iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10803482 2023-02-28 10803482 2024-02-29 10803482 2023-03-01 2024-02-29 10803482 frs-core:CurrentFinancialInstruments 2024-02-29 10803482 frs-core:Non-currentFinancialInstruments 2024-02-29 10803482 frs-core:ComputerEquipment 2024-02-29 10803482 frs-core:ComputerEquipment 2023-03-01 2024-02-29 10803482 frs-core:ComputerEquipment 2023-02-28 10803482 frs-core:ShareCapital 2024-02-29 10803482 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10803482 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10803482 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 10803482 frs-bus:SmallEntities 2023-03-01 2024-02-29 10803482 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10803482 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10803482 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28 10803482 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-29 10803482 frs-bus:Director1 2023-03-01 2024-02-29 10803482 frs-countries:EnglandWales 2023-03-01 2024-02-29 10803482 2022-02-28 10803482 2023-02-28 10803482 2022-03-01 2023-02-28 10803482 frs-core:CurrentFinancialInstruments 2023-02-28 10803482 frs-core:Non-currentFinancialInstruments 2023-02-28 10803482 frs-core:ShareCapital 2023-02-28 10803482 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 10803482 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28
Registered number: 10803482
OPP Properties Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director S Sutherland
Company Number 10803482
Registered Office 21 Fullerton Road
London
SW18 1BU
Accountants Jones & Partners Limited
2nd Floor, Butler House
177-178 Tottenham Court Road
London
W1T 7AF
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Page 2
Balance Sheet
Registered number: 10803482
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 2,145,000 2,145,000
2,145,000 2,145,000
CURRENT ASSETS
Debtors 6 19,306 18,859
Cash at bank and in hand 30,330 32,590
49,636 51,449
Creditors: Amounts Falling Due Within One Year 7 (1,937,399 ) (1,943,468 )
NET CURRENT ASSETS (LIABILITIES) (1,887,763 ) (1,892,019 )
TOTAL ASSETS LESS CURRENT LIABILITIES 257,237 252,981
Creditors: Amounts Falling Due After More Than One Year 8 (297,840 ) (304,840 )
NET LIABILITIES (40,603 ) (51,859 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 (49,242 ) (49,242 )
Profit and Loss Account 8,539 (2,717 )
SHAREHOLDERS' FUNDS (40,603) (51,859)
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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.
The financial statements were approved by the board of directors on 29 November 2024 and were signed on its behalf by:
S Sutherland
Director
29 November 2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
OPP Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10803482 . The registered office is 21 Fullerton Road, London, SW18 1BU.
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. Going Concern Disclosure
In considering the appropriateness of adopting the going concern basis in preparing the financial statements, the director has given due consideration to the future financial operating requirements of the company.
The director expects the company to remain in operational existence for the foreseeable future and is satisfied that the necessary financial support will be available for the twelve months from the date of approval of the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer Equipment 25% on Reducing Balance
2.5. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Computer Equipment
£
Cost or Valuation
As at 1 March 2023 915
As at 29 February 2024 915
Depreciation
As at 1 March 2023 915
As at 29 February 2024 915
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 29 February 2024 2,145,000
Fair value at 28 February 2024 is represented by:                                                
Valuation in 2019
(57,000)
Valuation in 2020
(46,000)
Valuation in 2022
126,888
Valuation in 2023
(87,544)
Cost
2,210,656
image
2,145,000
image
At the Balance Sheet date, the investment properties were valued by the director at their fair values.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,250 -
Other debtors 18,056 18,859
19,306 18,859
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,935,105 1,943,468
Taxation and social security 2,294 -
1,937,399 1,943,468
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 297,840 297,840
Other loans - 7,000
297,840 304,840
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 297,840 297,840
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Fair Value Reserve
£
As at 1 March 2023 (49,242 )
As at 29 February 2024 (49,242 )
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