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REGISTERED NUMBER: 13039228 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

OMP PROPERTY LIMITED

OMP PROPERTY LIMITED (REGISTERED NUMBER: 13039228)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OMP PROPERTY LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr P J Martin
Mr A W Martin





REGISTERED OFFICE: 42 Lytton Road
Barnet
United Kingdom
EN5 5BY





REGISTERED NUMBER: 13039228 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

OMP PROPERTY LIMITED (REGISTERED NUMBER: 13039228)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,424,185 1,424,185

CURRENT ASSETS
Debtors 5 3,562 45,562
Cash at bank 45,160 34,160
48,722 79,722
CREDITORS
Amounts falling due within one year 6 43,436 51,810
NET CURRENT ASSETS 5,286 27,912
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,429,471

1,452,097

CREDITORS
Amounts falling due after more than one year 7 1,348,389 1,374,067
NET ASSETS 81,082 78,030

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 80,982 77,930
SHAREHOLDERS' FUNDS 81,082 78,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





Mr P J Martin - Director


OMP PROPERTY LIMITED (REGISTERED NUMBER: 13039228)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Omp Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

OMP PROPERTY LIMITED (REGISTERED NUMBER: 13039228)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,424,185
NET BOOK VALUE
At 31 March 2024 1,424,185
At 31 March 2023 1,424,185

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 42,000
Other debtors 100 100
Prepayments 3,462 3,462
3,562 45,562

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 4,509
Tax 5,407 8,370
VAT 5,835 6,250
Other creditors 28,844 28,845
Accruals and deferred income 3,350 3,836
43,436 51,810

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 1,348,389 1,374,067

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,348,389 1,374,067

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 1,348,389 1,374,067

OMP PROPERTY LIMITED (REGISTERED NUMBER: 13039228)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 77,930
Profit for the year 23,052
Dividends (20,000 )
At 31 March 2024 80,982