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REGISTERED NUMBER: 11233968 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Oupia Limited

Oupia Limited (Registered number: 11233968)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oupia Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: N J Humphreys





REGISTERED OFFICE: 39 Ashby Road
Loughborough
Leicestershire
LE11 3AA





REGISTERED NUMBER: 11233968 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Oupia Limited (Registered number: 11233968)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,843 2,458
Investment property 5 7,225,183 6,290,969
7,227,026 6,293,427

CURRENT ASSETS
Debtors 6 2,029,025 2,067,505
Cash at bank 357,526 391,230
2,386,551 2,458,735
CREDITORS
Amounts falling due within one year 7 5,566,178 4,608,037
NET CURRENT LIABILITIES (3,179,627 ) (2,149,302 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,047,399

4,144,125

CREDITORS
Amounts falling due after more than one
year

8

(3,144,761

)

(3,144,761

)

PROVISIONS FOR LIABILITIES (203,000 ) (250,000 )
NET ASSETS 699,638 749,364

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 10 608,676 751,484
Retained earnings 10 90,961 (2,121 )
699,638 749,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Oupia Limited (Registered number: 11233968)

Balance Sheet - continued
30 June 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





N J Humphreys - Director


Oupia Limited (Registered number: 11233968)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Oupia 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts receivable for rents and is recognised in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is not depreciated but is valued annually at its fair value in accordance with the Financial Reporting Standard 102 (Section 1A). Any aggregate or surplus arising from changes in fair value is recognised in the profit and loss account and is transferred to a fair value reserve.

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

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences, including provision made for potential tax arising on assets which have been revalued.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 10,079
DEPRECIATION
At 1 July 2023 7,621
Charge for year 615
At 30 June 2024 8,236
NET BOOK VALUE
At 30 June 2024 1,843
At 30 June 2023 2,458

Oupia Limited (Registered number: 11233968)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 6,290,969
Additions 1,715,729
Disposals (719,942 )
Revaluations (61,573 )
At 30 June 2024 7,225,183
NET BOOK VALUE
At 30 June 2024 7,225,183
At 30 June 2023 6,290,969

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 7,225,183

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 6,413,507 5,289,485
Aggregate depreciation (307,195 ) (192,966 )

Investment property was valued on a fair value basis on 30 June 2024 by the director .

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 2,043 5,249
Amounts owed by associates 1,420,338 2,011,554
Other debtors 50,500 45,000
Prepayments 6,144 5,702
1,479,025 2,067,505

Amounts falling due after more than one year:
Other debtors 550,000 -

Aggregate amounts 2,029,025 2,067,505

Oupia Limited (Registered number: 11233968)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,885 6,720
Amounts owed to associates 5,482,028 4,566,823
Tax 38,882 2,718
Social security and other taxes 1,500 -
Accrued expenses 29,883 31,776
5,566,178 4,608,037

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans 3,144,761 3,144,761

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 3,144,761 3,144,761

Loans are secured on investment properties.

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2023 (2,121 ) 751,484 749,363
Deficit for the year (49,726 ) (49,726 )
Gain/ loss on revaluation 61,573 (61,573 ) -
Transfer deferred tax movement (47,000 ) 47,000 -
Transfer realised profit on
disposal

128,235

(128,235

)

-

At 30 June 2024 90,961 608,676 699,637