REGISTERED NUMBER: |
Report of the Director and |
Financial Statements for the Year Ended 31st January 2024 |
for |
Opulence Money Limited |
Trading as |
More Financial |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
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: |
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 |
CURRENT ASSETS |
Investments | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
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 |
Additions |
At 31st January 2024 |
DEPRECIATION |
At 1st February 2023 |
Charge for year |
At 31st January 2024 |
NET BOOK VALUE |
At 31st January 2024 |
At 31st January 2023 |
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 |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.1.24 | 31.1.23 |
£ | £ |
Bank loans |
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 |
£ | £ |
Balance outstanding at start of year | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |