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Registered number: 07609505

Opus Properties Nottingham Ltd

ACCOUNTS
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
B Duckworth
L H Wallhead
A R Duckworth
REGISTERED OFFICE
20 Peregrine Road
Hucknall
Nottingham
Nottinghamshire
NG15 8HF
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 Sheet3
Notes To The Accounts4
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 31 March 2023
20232022
Notes££
FIXED ASSETS
Tangible assets32,352,0002,240,031
CURRENT ASSETS
Debtors5215138
Cash at bank and in hand26,97021,583
27,18521,721
CREDITORS: Amounts falling due within one year6677,938675,584
NET CURRENT LIABILITIES(650,753)(653,863)
TOTAL ASSETS LESS CURRENT LIABILITIES1,701,2471,586,168
CREDITORS: Amounts falling due after more than one year7660,112699,743
PROVISIONS FOR LIABILITIES AND CHARGES8137,173115,893
NET ASSETS903,962770,532
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account903,862770,432
SHAREHOLDERS' FUNDS903,962770,532
For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25 October 2023 and signed on their behalf by
.............................
B Duckworth
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight 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
20232022
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 1 April 202213,5125,64419,156
At 31 March 202313,5125,64419,156
Depreciation
At 1 April 202213,5125,61319,125
For the year-3131
At 31 March 202313,5125,64419,156
Net Book Amounts
At 31 March 2023---
At 31 March 2022-3131

Opus Properties Nottingham Ltd

4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 1 April 20222,240,0002,240,000
Revaluation112,000112,000
At 31 March 20232,352,0002,352,000
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 20232022
££
Amounts falling due within one year
Prepayments215138
215138
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax10,0268,714
Directors current account605,906605,906
Bank Loan48,20348,203
Other creditors1,0321,032
Accruals2,5211,920
Deferred income10,2509,809
677,938675,584

Opus Properties Nottingham Ltd

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr660,112699,743
660,112699,743
The bank loan is repayable in quarterly instalments.
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation137,173115,893
137,173115,893
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
10. CONTROLLING PARTY
The company is controlled by the 3 directors who, between them, own 100% of the ordinary share capital of the company.