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REGISTERED NUMBER: 11059965 (England and Wales)
















Financial Statements for the Year Ended 30 November 2024

for

Opal Prestige Developments Limited

Opal Prestige Developments Limited (Registered number: 11059965)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Opal Prestige Developments Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: N N Eggleton
P H Younger





REGISTERED OFFICE: 1 Charlotte Mews
Pavilion Place
Exeter
Devon
EX2 4HA





REGISTERED NUMBER: 11059965 (England and Wales)





ACCOUNTANTS: Plunkett Yates Limited
1 Charlotte Mews
Pavilion Place
Exeter
Devon
EX2 4HA

Opal Prestige Developments Limited (Registered number: 11059965)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,438

CURRENT ASSETS
Stocks - 32,612
Debtors 5 500 16,212
Cash at bank 52,931 90,344
53,431 139,168
CREDITORS
Amounts falling due within one year 6 53,331 28,456
NET CURRENT ASSETS 100 110,712
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

113,150

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings - 113,050
100 113,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Opal Prestige Developments Limited (Registered number: 11059965)

Balance Sheet - continued
30 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:




N N Eggleton - Director



P H Younger - Director


Opal Prestige Developments Limited (Registered number: 11059965)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Opal Prestige Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

Opal Prestige Developments Limited (Registered number: 11059965)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 5,953
Disposals (5,953 )
At 30 November 2024 -
DEPRECIATION
At 1 December 2023 3,515
Eliminated on disposal (3,515 )
At 30 November 2024 -
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 2,438

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 500 -
Other debtors - 16,212
500 16,212

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Taxation and social security 3,508 3,810
Other creditors 49,823 24,646
53,331 28,456

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
P H Younger
Balance outstanding at start of year - 66,766
Amounts advanced - 1,070
Amounts repaid - (67,836 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Opal Prestige Developments Limited (Registered number: 11059965)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. RELATED PARTY DISCLOSURES

Included in other creditors is an interest free loan totalling £38,846 (2023: £2,664) from a company under the common control of one of the directors and £9,457 (2023: £16,510) from a company under the common control of the other director.