Company Registration No. 11023854 (England and Wales)
Opulence Homes Ltd
Unaudited accounts
for the year ended 31 March 2024
Opulence Homes Ltd
Unaudited accounts
Contents
Opulence Homes Ltd
Company Information
for the year ended 31 March 2024
Directors
Veronica Mihiripenna
Nuwan Mihiripenna
Company Number
11023854 (England and Wales)
Registered Office
6 Frobisher Close
Kenley
Surrey
CR8 5HF
Accountants
Blythe & Co
41 Oldfields Road
Sutton
Surrey
SM1 2NB
Opulence Homes Ltd
Statement of financial position
as at 31 March 2024
Investment property
1,004,000
995,000
Cash at bank and in hand
32,262
7,565
Creditors: amounts falling due within one year
(638,888)
(643,554)
Net current liabilities
(606,626)
(635,989)
Total assets less current liabilities
397,374
359,011
Creditors: amounts falling due after more than one year
(99,056)
(100,051)
Net assets
298,318
258,960
Called up share capital
2
2
Revaluation reserve
256,037
247,037
Profit and loss account
42,279
11,921
Shareholders' funds
298,318
258,960
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by
Veronica Mihiripenna
Director
Company Registration No. 11023854
Opulence Homes Ltd
Notes to the Accounts
for the year ended 31 March 2024
Opulence Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11023854. The registered office is 6 Frobisher Close, Kenley, Surrey, CR8 5HF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 April 2023
995,000
Net gain from fair value adjustments
9,000
At 31 March 2024
1,004,000
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,118
2,796
Other creditors
614,357
612,257
Loans from directors
16,561
28,001
6
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).