Registered number: 07609505 | ||||||||
FOR THE YEAR ENDED 31 MARCH 2023 | ||||||||
Prepared By: | ||||||||
Brieley Grimsdell Falconer Ltd | ||||||||
Chartered Tax Advisers and Accountants | ||||||||
The Surgery | ||||||||
14 Regent Street | ||||||||
Kimberley | ||||||||
Nottinghamshire | ||||||||
NG16 2LW |
Opus Properties Nottingham Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Nottinghamshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 07609505 | ||||||||
BANKERS | ||||||||
Handelsbanken, Hamilton Way, Mansfield, NG18 5FB | ||||||||
ACCOUNTANTS | ||||||||
Brieley Grimsdell Falconer Ltd | ||||||||
Chartered Tax Advisers and Accountants | ||||||||
The Surgery | ||||||||
14 Regent Street | ||||||||
Kimberley | ||||||||
Nottinghamshire | ||||||||
NG16 2LW |
Opus Properties Nottingham Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 MARCH 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Opus Properties Nottingham Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
27,185 | 21,721 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT LIABILITIES | ( | (653,863) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 660,112 | 699,743 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 903,862 | 770,432 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Opus Properties Nottingham Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MARCH 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Equipment | straight line 25% |
1c. Investment Properties | ||||||||
Investment properties are included at fair value. Gains are recognised in the statement of comprehensive income. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
3. TANGIBLE FIXED ASSETS | ||||||
Fixtures | ||||||
and Fittings | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 April 2022 | 13,512 | 5,644 | 19,156 | |||
At 31 March 2023 | 13,512 | 5,644 | 19,156 | |||
Depreciation | ||||||
At 1 April 2022 | 13,512 | 5,613 | 19,125 | |||
For the year | - | 31 | 31 | |||
At 31 March 2023 | 13,512 | 5,644 | 19,156 | |||
Net Book Amounts | ||||||
At 31 March 2023 | - | - | - | |||
At 31 March 2022 | - | 31 | 31 | |||
Opus Properties Nottingham Ltd | ||||||||
4. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 1 April 2022 | 2,240,000 | 2,240,000 | ||||||
Revaluation | 112,000 | 112,000 | ||||||
At 31 March 2023 | 2,352,000 | 2,352,000 | ||||||
The investment properties have been valued by the directors as at 31 March 2023. The valuations are based on a previous valuation from Richard Watkinson & Partners, as adjusted for inflation and valuation data provided by Zoopla.co.uk. The values presented in the financial statements reflect the current market value of the investment properties as at 31 March 2023. The fair value gains and losses on the investment properties are recognised in the profit and loss. The current year fair value gain was £112,000 (2022: £331,050). | ||||||||
The historical cost of the investment properties is £1,630,067 (2022: £1,630,067). | ||||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Prepayments | 215 | 138 | ||||||
215 | 138 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 10,026 | 8,714 | ||||||
Directors current account | 605,906 | 605,906 | ||||||
Bank Loan | 48,203 | 48,203 | ||||||
Other creditors | 1,032 | 1,032 | ||||||
Accruals | 2,521 | 1,920 | ||||||
Deferred income | 10,250 | 9,809 | ||||||
677,938 | 675,584 | |||||||
Opus Properties Nottingham Ltd | ||||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (secured) >1yr | 660,112 | 699,743 | ||||||
660,112 | 699,743 | |||||||
The bank loan is repayable in quarterly instalments. | ||||||||
8. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 137,173 | 115,893 | ||||||
137,173 | 115,893 | |||||||
9. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
10. CONTROLLING PARTY | ||||||||
The company is controlled by the 3 directors who, between them, own 100% of the ordinary share capital of the company. | ||||||||