Company No: 00608953 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	54,373		9,467
Investment property	4	2,218,851		2,171,383
Investments	5	14,006		14,006
		2,287,230		2,194,856
Current assets
Debtors
- due within one year	6	2,314,435		4,981,876
- due after more than one year	6	902,725		902,725
Cash at bank and in hand		1,431,114		29,845
		4,648,274		5,914,446
Creditors: amounts falling due within one year	7	( 1,195,153)		( 1,044,796)
Net current assets		3,453,121		4,869,650
Total assets less current liabilities		5,740,351		7,064,506
Creditors: amounts falling due after more than one year	8	( 1,165,207)		( 2,700,003)
Provision for liabilities		( 3,508)		0
Net assets		4,571,636		4,364,503
Capital and reserves
Called-up share capital		100		100
Profit and loss account		4,571,536		4,364,403
Total shareholder's funds		4,571,636		4,364,503

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Ophir Finance Company Limited (registered number: 00608953) were approved and authorised for issue by the Board of Directors on 08 December 2025. They were signed on its behalf by:

M J Greene Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ophir Finance Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Vehicles	20 % reducing balance
Fixtures and fittings	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 April 2024	6,080		27,387		33,799		67,266
Additions	0		49,198		0		49,198
At 31 March 2025	6,080		76,585		33,799		116,464
Accumulated depreciation
At 01 April 2024	3,792		20,208		33,799		57,799
Charge for the financial year	1,216		3,076		0		4,292
At 31 March 2025	5,008		23,284		33,799		62,091
Net book value
At 31 March 2025	1,072		53,301		0		54,373
At 31 March 2024	2,288		7,179		0		9,467

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	2,171,383
Additions	47,468
As at 31 March 2025	2,218,851

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	2,218,851		2,171,383

5. Fixed asset investments

	2025		2024
	£		£
Subsidiary undertakings	14,000		14,000
Other investments and loans	6		6
	14,006		14,006

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	14,000
At 31 March 2025	14,000
Carrying value at 31 March 2025	14,000
Carrying value at 31 March 2024	14,000

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	6		6
At 31 March 2025	6		6
Carrying value at 31 March 2025	6		6
Carrying value at 31 March 2024	6		6

Subsidiary undertakings - Ophia Finance Spain SL

The principal activity of Ophia Finance Spain SL is the management of investment properties.

Joint Ventures - 26 St. Peter's Road Property Limited

The principal activity of 26 St. Peter's Road Property Limited is that of a dormant company. Its financial period end is 30 June.

6. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Short term loans to joint ventures	2,314,435		4,981,876
Debtors: amounts falling due after more than one year
Amounts owed by Group undertakings	902,725		902,725

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	4,603		28,410
Amounts owed to Parent undertakings	14,507		14,509
Amounts owed to directors	825,835		568,362
Other loans	9,379		323,262
Accruals	231,698		30,786
Taxation and social security	69,799		44,977
Other creditors	39,332		34,490
	1,195,153		1,044,796

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	19,204		1,050,000
Amounts owed to Group undertakings	950,000		950,000
Other creditors	196,003		700,003
	1,165,207		2,700,003

The loans (under and over one year) are secured by fixed charges over the properties.