Ouninpohja Ltd SC792554 false 2023-12-15 2024-12-31 2024-12-31 The principal activity of the company is media representation services Digita Accounts Production Advanced 6.30.9574.0 true true true SC792554 2023-12-15 2024-12-31 SC792554 2024-12-31 SC792554 bus:OrdinaryShareClass1 2024-12-31 SC792554 bus:OrdinaryShareClass2 2024-12-31 SC792554 bus:OrdinaryShareClass3 2024-12-31 SC792554 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 SC792554 core:FurnitureFittingsToolsEquipment 2024-12-31 SC792554 bus:SmallEntities 2023-12-15 2024-12-31 SC792554 bus:AuditExemptWithAccountantsReport 2023-12-15 2024-12-31 SC792554 bus:FilletedAccounts 2023-12-15 2024-12-31 SC792554 bus:SmallCompaniesRegimeForAccounts 2023-12-15 2024-12-31 SC792554 bus:RegisteredOffice 2023-12-15 2024-12-31 SC792554 bus:Director1 2023-12-15 2024-12-31 SC792554 bus:Director2 2023-12-15 2024-12-31 SC792554 bus:OrdinaryShareClass1 2023-12-15 2024-12-31 SC792554 bus:OrdinaryShareClass2 2023-12-15 2024-12-31 SC792554 bus:OrdinaryShareClass3 2023-12-15 2024-12-31 SC792554 bus:PrivateLimitedCompanyLtd 2023-12-15 2024-12-31 SC792554 core:FurnitureFittingsToolsEquipment 2023-12-15 2024-12-31 SC792554 core:OfficeEquipment 2023-12-15 2024-12-31 SC792554 1 2023-12-15 2024-12-31 SC792554 countries:Scotland 2023-12-15 2024-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC792554

Ouninpohja Ltd

Unaudited Financial Statements

for the Period from 15 December 2023 to 31 December 2024

 

Ouninpohja Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

Ouninpohja Ltd

(Registration number: SC792554)
Balance Sheet as at 31 December 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

241

Current assets

 

Cash at bank and in hand

 

58,753

Creditors: Amounts falling due within one year

5

(58,938)

Net current liabilities

 

(185)

Total assets less current liabilities

 

56

Provisions for liabilities

(51)

Net assets

 

5

Capital and reserves

 

Called up share capital

4

Retained earnings

1

Shareholders' funds

 

5

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 February 2025 and signed on its behalf by:
 


Mr Peter Geoffrey Allen
Director


Mr Alasdair Brian Lindsay
Director

 

Ouninpohja Ltd

Notes to the Unaudited Financial Statements for the Period from 15 December 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
9 St Peters Buildings
Edinburgh
EH3 9PG
United Kingdom

These financial statements were authorised for issue by the Board on 17 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Ouninpohja Ltd

Notes to the Unaudited Financial Statements for the Period from 15 December 2023 to 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade creditors are recognised at the transaction price.

 

Ouninpohja Ltd

Notes to the Unaudited Financial Statements for the Period from 15 December 2023 to 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Ouninpohja Ltd

Notes to the Unaudited Financial Statements for the Period from 15 December 2023 to 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

251

251

At 31 December 2024

251

251

Depreciation

Charge for the period

10

10

At 31 December 2024

10

10

Carrying amount

At 31 December 2024

241

241

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

16,362

Accruals and deferred income

1,500

Other creditors

41,076

58,938

6

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary Shares of £1 each

2

2

Ordinary A Shares of £1 each

1

1

Ordinary B Shares of £1 each

1

1

 

4

4

 

Ouninpohja Ltd

Notes to the Unaudited Financial Statements for the Period from 15 December 2023 to 31 December 2024

New shares allotted

During the period 2 Ordinary Shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £2.

During the period 1 Ordinary A Shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1.

During the period 1 Ordinary B Shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1.

7

Dividends

Interim dividends paid

2024
£

Interim dividend of £269.02 per each Ordinary A Shares

26,902

Interim dividend of £328.90 per each Ordinary B Shares

32,879

59,780

8

Financial commitments

The total amount of other financial commitments not provided in the financial statements was £260.

The above commitment relates to the rent of the business premises and is on a one month rolling contract.

9

Related party transactions

At the balance sheet date, the company owed Mr P Allen, director £28,523 and Mr A Lindsay, director £12,554. These loans are interest free and there are no fixed terms for repayment.

 

Ouninpohja Ltd

Notes to the Unaudited Financial Statements for the Period from 15 December 2023 to 31 December 2024

10

Ultimate controlling party

The ultimate controlling party is Peter Allen and Alasdair Lindsay, by value of their shareholding.