COMPANY REGISTRATION NUMBER:
SC412037
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Omega Product Developments Ltd |
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Filleted Unaudited Financial Statements |
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Omega Product Developments Ltd |
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Statement of Financial Position |
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31 July 2025
Current assets
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Debtors |
4 |
15,292 |
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15,357 |
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Cash at bank and in hand |
14 |
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32 |
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-------- |
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-------- |
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15,306 |
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15,389 |
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Creditors: amounts falling due within one year |
5 |
5,762 |
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3,642 |
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-------- |
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-------- |
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Net current assets |
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9,544 |
11,747 |
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------- |
-------- |
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Total assets less current liabilities |
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9,544 |
11,747 |
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------- |
-------- |
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Net assets |
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9,544 |
11,747 |
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-------- |
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Capital and reserves
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Called up share capital |
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2 |
2 |
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Profit and loss account |
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9,542 |
11,745 |
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-------- |
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Shareholders funds |
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9,544 |
11,747 |
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-------- |
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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 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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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
;
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The director acknowledges his 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 2026
, and are signed on behalf of the board by:
Company registration number:
SC412037
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Omega Product Developments Ltd |
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Notes to the Financial Statements |
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Year ended 31 July 2025
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Forbes House, 36 Huntly Street, Inverness, IV3 5PR, Scotland.
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.
Consolidation
The entity has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of an EEA State.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Debtors
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2025 |
2024 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
13,608 |
14,008 |
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Other debtors |
1,684 |
1,349 |
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15,292 |
15,357 |
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-------- |
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5.
Creditors:
amounts falling due within one year
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2025 |
2024 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
2,160 |
14 |
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Other creditors |
3,602 |
3,628 |
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------- |
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5,762 |
3,642 |
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------- |
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6.
Related party transactions
The company has taken advantage of the FRS 102 1AC.35 exemption available to those subsidiaries that are 100% owned. Accordingly, disclosure is not made of any related party transactions with the company's parent company. At 31 July 2025 the company was due £
1,910
(2024 - £1,910) to a company under the control of the same ultimate controlling party
.
7.
Controlling party
Omega Product Developments Ltd
is a 100% subsidiary of IHCT Ltd
, a company registered in Scotland with the registration number SC510717 and registered office at Forbes House, 36 Huntly Street, Inverness, Scotland, IV3 5PR
. In the opinion of the directors, the company’s ultimate controlling party is Aquascot Trustees Ltd
, in it's capacity as corporate trustee of The Aquascot Employees' Share Trust. Aquascot Trustees Ltd is a company incorporated in Scotland.