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REGISTERED NUMBER: 08573548 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

OPITCH LTD

OPITCH LTD (REGISTERED NUMBER: 08573548)

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


OPITCH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: R Pichot





REGISTERED OFFICE: 16 Globe Street
Methwold
Thetford
Norfolk
IP26 4PQ





REGISTERED NUMBER: 08573548 (England and Wales)





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

OPITCH LTD (REGISTERED NUMBER: 08573548)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 12,311 7,288
Investments 5 957,967 939,579
970,278 946,867

CURRENT ASSETS
Debtors 6 885 21,846
Cash at bank 36,359 41,420
37,244 63,266
CREDITORS
Amounts falling due within one year 7 (628,542 ) (632,555 )
NET CURRENT LIABILITIES (591,298 ) (569,289 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,980

377,578

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 6,480 6,480
Retained earnings 372,400 370,998
378,980 377,578

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.

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.

OPITCH LTD (REGISTERED NUMBER: 08573548)

BALANCE SHEET - continued
30 JUNE 2024



The financial statements were approved by the director and authorised for issue on 2 June 2025 and were signed by:





R Pichot - Director


OPITCH LTD (REGISTERED NUMBER: 08573548)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Opitch Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% straight line

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.

OPITCH LTD (REGISTERED NUMBER: 08573548)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023 46,458 1,762 57,460 105,680
Additions 9,336 1,750 - 11,086
At 30 June 2024 55,794 3,512 57,460 116,766
DEPRECIATION
At 1 July 2023 40,491 441 57,460 98,392
Charge for year 5,050 1,013 - 6,063
At 30 June 2024 45,541 1,454 57,460 104,455
NET BOOK VALUE
At 30 June 2024 10,253 2,058 - 12,311
At 30 June 2023 5,967 1,321 - 7,288

5. FIXED ASSET INVESTMENTS
Other
investmen
£   
COST OR VALUATION
At 1 July 2023 939,579
Revaluations 18,388
At 30 June 2024 957,967
NET BOOK VALUE
At 30 June 2024 957,967
At 30 June 2023 939,579

Cost or valuation at 30 June 2024 is represented by:

Other
investmen
£   
Valuation in 2024 957,967

OPITCH LTD (REGISTERED NUMBER: 08573548)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 21,846
Other debtors 885 -
885 21,846

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,435 75,548
Taxation and social security 4,700 4,193
Other creditors 621,407 552,814
628,542 632,555

8. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 6,480

9. RELATED PARTY DISCLOSURES

At the balance sheet date, a loan of £552,814 (2022: £552,814) was still outstanding to the director and is presented within creditors: amounts falling due after more than one year.

10. ULTIMATE CONTROLLING PARTY

The controlling party is R Pichot.