1 April 2023 false No description of principal activity Taxfiler 2024.6 11023854business:PrivateLimitedCompanyLtd2023-04-012024-03-31 110238542023-03-31 110238542023-04-012024-03-31 11023854business:AuditExemptWithAccountantsReport2023-04-012024-03-31 11023854business:FilletedAccounts2023-04-012024-03-31 110238542024-03-31 11023854business:Director12023-04-012024-03-31 11023854business:Director22023-04-012024-03-31 11023854business:RegisteredOffice2023-04-012024-03-31 110238542023-03-31 11023854core:WithinOneYear2024-03-31 11023854core:WithinOneYear2023-03-31 11023854core:AfterOneYear2024-03-31 11023854core:AfterOneYear2023-03-31 11023854core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 11023854core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11023854core:RevaluationReservecore:PreviouslyStatedAmount2024-03-31 11023854core:RevaluationReservecore:PreviouslyStatedAmount2023-03-31 11023854core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 11023854core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11023854core:PreviouslyStatedAmount2024-03-31 11023854core:PreviouslyStatedAmount2023-03-31 11023854business:SmallEntities2023-04-012024-03-31 11023854countries:EnglandWales2023-04-012024-03-31 11023854business:OrdinaryShareClass12023-04-012024-03-31 11023854business:OrdinaryShareClass12022-04-012023-03-31 110238542022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
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
- 3 -
Opulence Homes Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,004,000 
995,000 
Current assets
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 
Capital and reserves
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
- 4 -
Opulence Homes Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
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 
Accruals
852 
500 
638,888 
643,554 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
99,056 
100,051 
7
Share capital
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).
- 5 -