Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30falsefalse2022-10-0122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01238067 2022-10-01 2023-09-30 01238067 2021-10-01 2022-09-30 01238067 2023-09-30 01238067 2022-09-30 01238067 c:Director1 2022-10-01 2023-09-30 01238067 d:FurnitureFittings 2022-10-01 2023-09-30 01238067 d:FurnitureFittings 2023-09-30 01238067 d:FurnitureFittings 2022-09-30 01238067 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 01238067 d:FreeholdInvestmentProperty 2023-09-30 01238067 d:FreeholdInvestmentProperty 2022-09-30 01238067 d:CurrentFinancialInstruments 2023-09-30 01238067 d:CurrentFinancialInstruments 2022-09-30 01238067 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01238067 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 01238067 d:ShareCapital 2023-09-30 01238067 d:ShareCapital 2022-09-30 01238067 d:RetainedEarningsAccumulatedLosses 2023-09-30 01238067 d:RetainedEarningsAccumulatedLosses 2022-09-30 01238067 c:OrdinaryShareClass1 2022-10-01 2023-09-30 01238067 c:OrdinaryShareClass1 2023-09-30 01238067 c:OrdinaryShareClass1 2022-09-30 01238067 c:FRS102 2022-10-01 2023-09-30 01238067 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 01238067 c:FullAccounts 2022-10-01 2023-09-30 01238067 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 01238067 2 2022-10-01 2023-09-30 01238067 6 2022-10-01 2023-09-30 01238067 e:PoundSterling 2022-10-01 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 01238067














OPAL-CHANT LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
OPAL-CHANT LIMITED
REGISTERED NUMBER:01238067

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
595
982

Investments
 5 
19,000
19,000

Investment property
 6 
114,339
114,339

  
133,934
134,321

Current assets
  

Debtors: amounts falling due within one year
 7 
2,207,739
2,265,783

Cash at bank and in hand
 8 
502,160
393,888

  
2,709,899
2,659,671

Creditors: amounts falling due within one year
 9 
(1,881,099)
(1,936,496)

Net current assets
  
 
 
828,800
 
 
723,175

Total assets less current liabilities
  
962,734
857,496

Provisions for liabilities
  

Deferred tax
  
(149)
(246)

  
 
 
(149)
 
 
(246)

Net assets
  
962,585
857,250


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
962,485
857,150

  
962,585
857,250


Page 1

 
OPAL-CHANT LIMITED
REGISTERED NUMBER:01238067
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 year 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 profit and loss account 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 by: 




A F Norman-Taylor
Director

Date: 8 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
OPAL-CHANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Opal-Chant Limited is a private company, limited by shares, registered in England and Wales, registration number 01238067. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be that of artistic management and promotion.
 
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 the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each year end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings are presented in the profit and loss account within 'administration expenses'. All other foreign exchange gains and losses are presented in profit or loss.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover from artistic management and promotion activities is recognised when it is probable the company will receive the rights to the consideration due under the contract.
 
 
2.4

 Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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. 

Page 3

 
OPAL-CHANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

 Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% reducing balance

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

Investment property

Investment property is carried at fair value as estimated by the director. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.


Page 4

 
OPAL-CHANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.10

 Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

 Cash

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

 
2.12

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

 
2.14

 Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 -2).

Page 5

 
OPAL-CHANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost 


At 1 October 2022
1,416



At 30 September 2023

1,416



Depreciation


At 1 October 2022
434


Charge for the year
387



At 30 September 2023

821



Net book value



At 30 September 2023
595



At 30 September 2022
982


5.


Fixed asset investments





Unlisted investment

£



Cost


At 1 October 2022
19,000



At 30 September 2023
19,000




6.


Investment property


Freehold investment property

£



Valuation


At 1 October 2022
114,339



At 30 September 2023
114,339

The 2023 valuations were made by the director, on an open market value for existing use basis.



Page 6

 
OPAL-CHANT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7.


Debtors

2023
2022
£
£


Trade debtors
-
266,892

Other debtors
2,206,867
1,997,573

Prepayments and accrued income
872
1,318

2,207,739
2,265,783



8.


Cash

2023
2022
£
£

Cash at bank and in hand
502,160
393,888



9.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
799
431

Corporation tax
32,768
72,987

Other taxation and social security
29,932
44,578

Other creditors
1,800,600
1,800,000

Accruals
17,000
18,500

1,881,099
1,936,496



10.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



100 (2022 -100) Ordinary shares of £1.00 each
100
100


11.


Transactions with the director

At the year end, the director owed £1,521,474 (2022 - £1,436,209) to the company. The loan is unsecured, interest free and repayable on demand.
During the year, dividends of £NIL (2022 - £121,000) were paid to the director.
Page 7