Registered number
10647318
Opus Rebus Ltd
Filleted Accounts
31 March 2024
Opus Rebus Ltd
Registered number: 10647318
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 339,265 339,265
Current assets
Cash at bank and in hand 3,091 3,154
Creditors: amounts falling due within one year 4 (116,074) (116,074)
Net current liabilities (112,983) (112,920)
Total assets less current liabilities 226,282 226,345
Creditors: amounts falling due after more than one year 5 (246,605) (246,605)
Net liabilities (20,323) (20,260)
Capital and reserves
Called up share capital 100 100
Profit and loss account (20,423) (20,360)
Shareholders' funds (20,323) (20,260)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Gorsia
Director
Approved by the board on 20 November 2024
Opus Rebus Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the rents received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rents and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment freehold buildings No depreciation provided
Investment Properties
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Properties were acquired in the year and in the opinion of the directors costs represent their open market value.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 339,265
At 31 March 2024 339,265
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 339,265
At 31 March 2023 339,265
The Investment property was acquired in June 2017 and the opinion of the directors, the costs reflect current market value.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 116,074 116,074
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 246,605 246,605
6 Other information
Opus Rebus Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Bramber Road
London
N12 9ND
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