Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12860792 2023-01-01 2023-12-31 12860792 2022-01-01 2022-12-31 12860792 2023-12-31 12860792 2022-12-31 12860792 c:Director4 2023-01-01 2023-12-31 12860792 d:ComputerEquipment 2023-01-01 2023-12-31 12860792 d:ComputerEquipment 2023-12-31 12860792 d:ComputerEquipment 2022-12-31 12860792 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12860792 d:CurrentFinancialInstruments 2023-12-31 12860792 d:CurrentFinancialInstruments 2022-12-31 12860792 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12860792 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12860792 d:ShareCapital 2023-12-31 12860792 d:ShareCapital 2022-12-31 12860792 d:SharePremium 2023-12-31 12860792 d:SharePremium 2022-12-31 12860792 d:RetainedEarningsAccumulatedLosses 2023-12-31 12860792 d:RetainedEarningsAccumulatedLosses 2022-12-31 12860792 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12860792 c:OrdinaryShareClass1 2023-12-31 12860792 c:FRS102 2023-01-01 2023-12-31 12860792 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12860792 c:FullAccounts 2023-01-01 2023-12-31 12860792 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

12860792







OPUS COMMUNITY LIMITED (FORMERLY 20FORTY LIMITED)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 DECEMBER 2023

































OPUS COMMUNITY LIMITED
REGISTERED NUMBER:12860792

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,042
467

Current assets
  

Debtors: amounts falling due within one year
 6 
23,382
15,249

Bank and cash balances
  
309,443
13,312

  
332,825
28,561

Creditors: amounts falling due within one year
 7 
(158,957)
(147,913)

Net current assets/(liabilities)
  
 
 
173,868
 
 
(119,352)

Total assets less current liabilities
  
176,910
(118,885)

  

Net assets/(liabilities)
  
176,910
(118,885)


Capital and reserves
  

Called up share capital 
 8 
117
100

Share premium account
  
419,000
-

Profit and loss account
  
(242,207)
(118,985)

  
176,910
(118,885)


Page 1

OPUS COMMUNITY LIMITED
REGISTERED NUMBER:12860792
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 August 2024.


S A M Tidswell-Norrish
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

OPUS COMMUNITY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Opus Community Limited (the 'Company') is a private limited company, limited by shares and incorporated and domiciled in England.
The address of its registered office is Level 1 Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, England, TN4 8BS. Its place of business is 10 York Rd, London, SE1 7ND.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

Monetary amounts in these financial statements are stated in sterling and rounded to the nearest whole £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date, the Company has net assets of £176,910 (2022: net liabilities £118,885). After taking into account all the information about the Company's trading prospects, cashflow requirements for 12 months from the date of approval of the financial statements and continued financial support of the Company by the directors, the directors consider that the Company is a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

OPUS COMMUNITY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Computer equipment
-
33%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

Page 4

OPUS COMMUNITY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

 Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the period was 5 (2022 - 5).


4.


Taxation

Factors that may affect future tax charges
The company has tax losses of £220,538 available to carry forward against future taxable profits. 


5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
600


Additions
2,862



At 31 December 2023

3,462



Depreciation


At 1 January 2023
133


Charge for the period on owned assets
287



At 31 December 2023

420



Net book value



At 31 December 2023
3,042



At 31 December 2022
467

Page 5

OPUS COMMUNITY LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
17,556
13,676

Called up share capital not paid
100
100

Prepayments
5,726
1,473

23,382
15,249



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
790
6,968

Amounts owed to associated undertakings
-
2,813

Other taxation and social security
21,246
6,752

Other creditors
87,921
84,638

Accruals and deferred income
49,000
46,742

158,957
147,913



8.


Share capital

2023
2022
£
£
Allotted, called up and unpaid



1,167,000 Ordinary shares of £0.0001 each
117
100





9.


Related party transactions

Included within other creditors are amounts due to the directors of £86,764 (2022: £83,205). The loan is interest-free and repayable upon demand. 

 
Page 6