Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-011Property investments and consultancy1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09373766 2023-02-01 2024-01-31 09373766 2022-02-01 2023-01-31 09373766 2024-01-31 09373766 2023-01-31 09373766 c:Director1 2023-02-01 2024-01-31 09373766 d:OfficeEquipment 2023-02-01 2024-01-31 09373766 d:OfficeEquipment 2024-01-31 09373766 d:OfficeEquipment 2023-01-31 09373766 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09373766 d:CurrentFinancialInstruments 2024-01-31 09373766 d:CurrentFinancialInstruments 2023-01-31 09373766 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09373766 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09373766 d:ShareCapital 2024-01-31 09373766 d:ShareCapital 2023-01-31 09373766 d:RetainedEarningsAccumulatedLosses 2024-01-31 09373766 d:RetainedEarningsAccumulatedLosses 2023-01-31 09373766 c:FRS102 2023-02-01 2024-01-31 09373766 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09373766 c:FullAccounts 2023-02-01 2024-01-31 09373766 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09373766 2 2023-02-01 2024-01-31 09373766 6 2023-02-01 2024-01-31 09373766 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 09373766









OPULEN 100 LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
OPULEN 100 LIMITED
REGISTERED NUMBER: 09373766

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
625
834

Investments
 5 
1
1

  
626
835

Current assets
  

Debtors: amounts falling due within one year
 6 
226,074
227,757

  
226,074
227,757

Creditors: amounts falling due within one year
 7 
(1,077,188)
(1,078,961)

Net current liabilities
  
 
 
(851,114)
 
 
(851,204)

Total assets less current liabilities
  
(850,488)
(850,369)

  

Net liabilities
  
(850,488)
(850,369)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(850,588)
(850,469)

  
(850,488)
(850,369)


Page 1

 
OPULEN 100 LIMITED
REGISTERED NUMBER: 09373766
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers 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 director acknowledges his 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 by: 




................................................
M Siddell
Director

Date: 31 October 2024

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

Page 2

 
OPULEN 100 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Opulen 100 Limited is a private company, incorporated in United Kingdom, company number 09373766. The registered office is Aston House, Cornwall Avenue, London, N3 1LF.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

Despite making losses in prior years, the company retains the support of its creditors and as such the director considers it appropriate to prepare the accounts on a going concern basis.

 
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. The following criteria must also be met before revenue is recognised:

 
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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

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.

Page 3

 
OPULEN 100 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

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, fittings and equipment
-
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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

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.

 
2.9

Creditors

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

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in
Page 4

 
OPULEN 100 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment and furniture

£



Cost or valuation


At 1 February 2023
6,942



At 31 January 2024

6,942



Depreciation


At 1 February 2023
6,108


Charge for the year on owned assets
209



At 31 January 2024

6,317



Net book value



At 31 January 2024
625

Page 5

 
OPULEN 100 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2023
1



At 31 January 2024
1





6.


Debtors

2024
2023
£
£


Other debtors
164,412
166,095

Tax recoverable
61,662
61,662

226,074
227,757



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
-
1,773

Other creditors
1,077,188
1,077,188

1,077,188
1,078,961


 
Page 6