OPD Group Limited - Accounts to registrar - small 17.2

OPD Group Limited - Accounts to registrar - small 17.2

OPD GROUP LIMITED - Company Information

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REGISTERED NUMBER: 03201382 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

OPD Group Limited

OPD Group Limited (Registered number: 03201382)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


OPD Group Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: P J Hearn
S J Murphy





SECRETARY: P J Hearn





REGISTERED OFFICE: Grenville House
4 Grenville Avenue
Broxbourne
Hertfordshire
EN10 7DH





REGISTERED NUMBER: 03201382 (England and Wales)





ACCOUNTANTS: Lincoln Brown & Co Limited
Chartered Certified Accountants
Grenville House
4 Grenville Avenue
Broxbourne
Hertfordshire
EN10 7DH
Page 1
OPD Group Limited

Report of the Accountants to the Directors of
OPD Group Limited

The following reproduces the text of the report prepared for the directors and members in
respect of the company's annual unaudited financial statements. In accordance with the
Companies Act 2006, the company is only required to file a Balance Sheet. Readers are
cautioned that the Income Statement and certain other primary statements and the Report
of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2016 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Lincoln Brown & Co Limited
Chartered Certified Accountants
Grenville House
4 Grenville Avenue
Broxbourne
Hertfordshire
EN10 7DH


28 September 2017

This page does not form part of the statutory financial statements

Page 2
OPD Group Limited (Registered number: 03201382)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Investments 3 17,700,640 8,850,932

CURRENT ASSETS
Debtors 4 515,799 7,134,866
Cash at bank 17,697,183 8,647,332
18,212,982 15,782,198
CREDITORS
Amounts falling due within one year 5 529,171 580,149
NET CURRENT ASSETS 17,683,811 15,202,049
TOTAL ASSETS LESS CURRENT
LIABILITIES
35,384,451
24,052,981

CAPITAL AND RESERVES
Called up share capital 1,336,398 1,336,398
Special reserves 4,266,000 4,266,000
Retained earnings 29,782,053 18,450,583
35,384,451 24,052,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the
company 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 relating to financial statements, so far as
applicable to the company.

The notes form part of these financial statements

Page 3 continued...
OPD Group Limited (Registered number: 03201382)

Balance Sheet - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 September 2017 and
were signed on its behalf by:





S J Murphy - Director


The notes form part of these financial statements

Page 4
OPD Group Limited (Registered number: 03201382)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

OPD Group Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the
Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland', not to disclose related party transactions with wholly owned subsidiaries within the
group.


Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that
have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred
tax is measured using tax rates and laws that have been enacted or substantively enacted
by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it
is probable that they will be recovered against the reversal of deferred tax liabilities or other
future taxable profits.

Page 5 continued...
OPD Group Limited (Registered number: 03201382)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

3. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2016 8,850,932
Additions 13,799,708
Disposals (4,950,000 )
At 31 December 2016 17,700,640
NET BOOK VALUE
At 31 December 2016 17,700,640
At 31 December 2015 8,850,932

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 428,206 487,862
Amounts owed by group undertakings - 5,237,415
Other debtors 87,593 1,409,589
515,799 7,134,866

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Amounts owed to group undertakings 191,686 191,686
Other creditors 337,485 388,463
529,171 580,149

6. RELATED PARTY DISCLOSURES

A fee of £175,000 (2015 £40,000) was paid to Terling Partners Limited, a company control
by S J Murphy.

Within debtors is an amount due from Terling Partners Limited of £428,206 (2015 £428,206)
a company controlled by S J Murphy.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Offer Co Limited.

The ultimate controlling party is P J Hearn.

Page 6