| OKMP LTD |
| Notes to the Accounts |
| for the year ended 30 September 2024 |
|
|
| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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The Company did not trade in the year. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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There is no Corporation Tax liability based on these Accounts. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
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| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 October 2023 |
1 |
|
Additions |
3,837 |
|
At 30 September 2024 |
3,838 |
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Amortisation |
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At 30 September 2024 |
- |
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Net book value |
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At 30 September 2024 |
3,838 |
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At 30 September 2023 |
1 |
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The addition relates to the estimated sterling value of the rights to a motion picture script assigned |
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to the Company. |
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
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Other debtors |
2 |
|
2 |
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| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Director's Loan Account |
4,181 |
|
14 |
|
Other creditors |
300 |
|
300 |
|
|
|
|
|
|
4,481 |
|
314 |
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| 6 |
Other information |
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OKMP LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
71 Shelton Street |
|
Covent Garden |
|
London |
|
WC2H 9JQ |