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REGISTERED NUMBER: 10592352 (England and Wales)















Report of the Director and

Financial Statements for the Year Ended 31st January 2024

for

Opulence Money Limited
Trading as
More Financial

Opulence Money Limited (Registered number: 10592352)
Trading as More Financial






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 5


Opulence Money Limited
Trading as More Financial

Company Information
for the Year Ended 31st January 2024







DIRECTOR: D Campbell





REGISTERED OFFICE: 224 Park Road
Peterborough
Lincolnshire
PE1 2UJ





REGISTERED NUMBER: 10592352 (England and Wales)





ACCOUNTANTS: Spriggs & Co Limited
Chartered Certified Accountants
300 High Road
Whaplode
Spalding
Lincolnshire
PE12 6TG

Opulence Money Limited (Registered number: 10592352)
Trading as More Financial

Report of the Director
for the Year Ended 31st January 2024

The director presents his report with the financial statements of the company for the year ended 31st January 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of mortgage consultancy services.

DIRECTOR
D Campbell held office during the whole of the period from 1st February 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D Campbell - Director


19th October 2024

Opulence Money Limited (Registered number: 10592352)
Trading as More Financial

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,214 7,354

CURRENT ASSETS
Investments 5 11,254 11,254
Cash at bank 24,162 8,892
35,416 20,146
CREDITORS
Amounts falling due within one year 6 15,696 9,176
NET CURRENT ASSETS 19,720 10,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,934

18,324

CREDITORS
Amounts falling due after more than
one year

7

(4,120

)

(8,750

)

PROVISIONS FOR LIABILITIES (2,321 ) -
NET ASSETS 25,493 9,574

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,393 9,474
SHAREHOLDERS' FUNDS 25,493 9,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Opulence Money Limited (Registered number: 10592352)
Trading as More Financial

Balance Sheet - continued
31st January 2024


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

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

The financial statements were approved by the director and authorised for issue on 19th October 2024 and were signed by:





D Campbell - Director


Opulence Money Limited (Registered number: 10592352)
Trading as More Financial

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

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

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

Opulence Money Limited (Registered number: 10592352)
Trading as More Financial

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023 12,952
Additions 7,015
At 31st January 2024 19,967
DEPRECIATION
At 1st February 2023 5,598
Charge for year 2,155
At 31st January 2024 7,753
NET BOOK VALUE
At 31st January 2024 12,214
At 31st January 2023 7,354

5. CURRENT ASSET INVESTMENTS
31.1.24 31.1.23
£    £   
Unlisted investments 11,254 11,254

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 5,000 5,000
Taxation and social security 3,499 2,019
Other creditors 7,197 2,157
15,696 9,176

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 4,120 8,750

Opulence Money Limited (Registered number: 10592352)
Trading as More Financial

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2024 and 31st January 2023:

31.1.24 31.1.23
£    £   
D Campbell
Balance outstanding at start of year (915 ) 22,031
Amounts advanced 4,869 46,803
Amounts repaid (9,250 ) (69,749 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,296 ) (915 )