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Registered number: 15220186









OA TECHPARK LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
OA TECHPARK LIMITED
REGISTERED NUMBER: 15220186

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
14,118,540

  
14,118,540

Current assets
  

Debtors: amounts falling due within one year
 5 
507,273

Cash at bank and in hand
 6 
753,944

  
1,261,217

Creditors: amounts falling due within one year
 7 
(3,376,959)

Net current (liabilities)/assets
  
 
 
(2,115,742)

Total assets less current liabilities
  
12,002,798

Creditors: amounts falling due after more than one year
 8 
(12,461,441)

  

Net (liabilities)/assets
  
(458,643)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(458,644)

  
(458,643)


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S A J Nahum
Director

Date: 1 July 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
OA TECHPARK LIMITED
REGISTERED NUMBER: 15220186
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024


Page 2

 
OA TECHPARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

OA Techpark Limited is a private company limited by shares. The company is incorporated in England and Wales and its registered office address is 4th Floor, Millbank Tower, 21-24 Millbank, London, SW1P 4QP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving these financial statements, the directors have a reasonable expectation that
the company has adequate resources to continue in operational existence for the forseeable future.
Thus the directors continue to adopt the going concern basis of accounting in preparing the financial
statements, notwithstanding that at the balance sheet date the company had net liabilities of £458,643. The validity of which is dependent on the continued support from thecompany's parent undertaking and ultimate controlling parties.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
OA TECHPARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
No depreciation on freehold land
Assets under construction
-
No depreciation

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the period was 0.

Page 4

 
OA TECHPARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Freehold property
Assets under construction
Total

£
£
£



Cost or valuation


Additions
10,000,000
4,118,540
14,118,540



At 31 December 2024

10,000,000
4,118,540
14,118,540






Net book value



At 31 December 2024
10,000,000
4,118,540
14,118,540


5.


Debtors

2024
£


Other debtors
476,981

Prepayments and accrued income
30,292

507,273



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
753,944

753,944


Page 5

 
OA TECHPARK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
876,959

Amounts owed to group undertakings
500,000

Other creditors
2,000,000

3,376,959



8.


Creditors: Amounts falling due after more than one year

2024
£

Amounts owed to group undertakings
4,003,236

Other creditors
8,458,205

12,461,441



9.


Related party transactions

The company has taken the exemption available in FRS 102 s1A whereby it has not disclosed transactions with any wholly owned subsidiary undertaking of the group.

At the period end, the company owed £10,458,205 including interest of £458,205 to Hightower Finance Jersey Limited, a company under common control, which is registered in Jersey.


10.


Controlling party

The company's immediate and ultimate UK parent and the smallest and largest group to consolidate these financial statements is OA Holdings Limited, a companies registered in England and Wales. Copies of the OA Holdings Limited consolidated financial statements are publically available at Companies House.
The ultimate parent company is Omaha Business Holdings Corp., a company registered in the British Virgin Islands at 2nd Floor, O'Neal Marketing Associates Building, P.O. Box 3174, Wickham's Cay II, Road Town, Tortola, BVI.


11.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2024 was unqualified.

The audit report was signed on 1 July 2025 by Sonia Yeshin (Senior statutory auditor) on behalf of Adler Shine LLP.

 
Page 6