REGISTERED NUMBER: OC431799 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

OP AUTOMOTIVE LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

A Oversby-Powell

J Oversby-Powell

REGISTERED OFFICE:

Unit 5

Motorway Industrial Estate

Forstal Road

Aylesford

Kent

ME20 7AF

REGISTERED NUMBER:

OC431799 (England and Wales)

ACCOUNTANTS:

SHPD Accountants

10 Littlebourne Road

Maidstone

Kent

ME14 5QP

FIXED ASSETS

Tangible assets

4

-

111,857

CURRENT ASSETS

Stocks

-

9,000

Debtors

5

5,402

184,101

Cash at bank

2,633

1,512

8,035

194,613

CREDITORS

Amounts falling due within one year

6

-

293,922

NET CURRENT ASSETS/(LIABILITIES)

8,035

(99,309

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,035

12,548

CREDITORS

Amounts falling due after more than one year

7

-

12,548

NET ASSETS ATTRIBUTABLE TO MEMBERS

8,035

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

8

8,035

-

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

8

8,035

-

Amounts due from members

5

-

(123,374

)

8,035

(123,374

)

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 18 September 2025 and were signed by:

A Oversby-Powell - Designated member

J Oversby-Powell - Designated member

1.	STATUTORY INFORMATION

OP Automotive LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

422,110

Additions

27,492

Disposals

(449,602

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

310,253

Charge for year

52,557

Eliminated on disposal

(362,810

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

111,857

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

129,675

Transfer to ownership

(129,675

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

82,956

Transfer to ownership

(82,956

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

46,719

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

24,155

Amounts owed by group undertakings

-

19,951

Other debtors

5,402

139,995

5,402

184,101

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

13,490

Trade creditors

-

13,281

Amounts owed to group undertakings

-

208,247

Other creditors

-

58,904

-

293,922

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

12,548

8.

LOANS AND OTHER DEBTS DUE TO MEMBERS

Amounts owed to members would rank below unsecured creditors from the proceeds of a winding-up of the LLP.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is A Oversby-Powell.