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COMPANY REGISTRATION NUMBER: 12913698
Oppidan (SR) Limited (formerly known as Oppidan (AP) Limited)
Filleted Unaudited Financial Statements
31 October 2024
Oppidan (SR) Limited (formerly known as Oppidan (AP) Limited)
Financial Statements
Year ended 31 October 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Oppidan (SR) Limited (formerly known as Oppidan (AP) Limited)
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
£
Current assets
Stocks
2,059,397
Debtors
5
826
Cash at bank and in hand
113,486
2
------------
----
2,173,709
2
Creditors: amounts falling due within one year
6
2,176,126
------------
----
Net current (liabilities)/assets
( 2,417)
2
-------
----
Total assets less current liabilities
( 2,417)
2
-------
----
Net (liabilities)/assets
( 2,417)
2
-------
----
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
( 2,419)
-------
----
Shareholders (deficit)/funds
( 2,417)
2
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 July 2025 , and are signed on behalf of the board by:
S C Uloth
M J Fuller
Director
Director
Company registration number: 12913698
Oppidan (SR) Limited (formerly known as Oppidan (AP) Limited)
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
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 which is dependent upon the continued support of fellow group companies. The other companies within the group have indicated their willingness to support the company in the foreseeable future, by ensuring sufficient funds are available for the company to continue trading. Therefore the directors consider the going concern basis is appropriate.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Debtors
2024
2023
£
£
Other debtors
826
----
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
955,546
Trade creditors
25,315
Amounts owed to group undertakings
492,967
Accruals and deferred income
2,000
Amounts owed to related undertakings
700,298
------------
----
2,176,126
------------
----
The bank loans and overdrafts are secured by charges over the property held within work in progress.
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
8. Related party transactions
The company is a wholly owned subsidiary of Oppidan Limited and has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with Oppidan Limited or other wholly owned subsidiaries within the group. At the year end the company owed £700,298 to related undertakings, controlled by company directors. All loans from related undertakings are unsecured and repayable on demand.
9. Controlling party
The company is a wholly owned subsidiary of Oppidan Limited, a company incorporated in England and Wales. The registered office of Oppidan Limited is 146 New London Road, Chelmsford, Essex, CM2 0AW.