0 3 June 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 470,000 470,000 470,000 xbrli:pure xbrli:shares iso4217:GBP 12619485 2023-10-01 2024-09-30 12619485 2024-09-30 12619485 2023-09-30 12619485 2022-10-01 2023-09-30 12619485 2023-09-30 12619485 2022-09-30 12619485 bus:Director1 2023-10-01 2024-09-30 12619485 core:WithinOneYear 2024-09-30 12619485 core:WithinOneYear 2023-09-30 12619485 core:ShareCapital 2024-09-30 12619485 core:ShareCapital 2023-09-30 12619485 core:RetainedEarningsAccumulatedLosses 2024-09-30 12619485 core:RetainedEarningsAccumulatedLosses 2023-09-30 12619485 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 12619485 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 12619485 bus:SmallEntities 2023-10-01 2024-09-30 12619485 bus:Audited 2023-10-01 2024-09-30 12619485 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12619485 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12619485 bus:FullAccounts 2023-10-01 2024-09-30 12619485 core:AllAssociates 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 12619485
Opus Care Investments Limited
Filleted Financial Statements
30 September 2024
Opus Care Investments Limited
Financial Statements
Year ended 30 September 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Opus Care Investments Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
470,000
470,000
Current assets
Cash at bank and in hand
10
10
Creditors: amounts falling due within one year
6
373,811
389,578
---------
---------
Net current liabilities
373,801
389,568
---------
---------
Total assets less current liabilities
96,199
80,432
Provisions
42,657
42,657
--------
--------
Net assets
53,542
37,775
--------
--------
Capital and reserves
Called up share capital
10
10
Profit and loss account
53,532
37,765
--------
--------
Shareholder funds
53,542
37,775
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
These financial statements were approved by the board of directors and authorised for issue on 3 June 2025 , and are signed on behalf of the board by:
Dr D S Kinnersley
Director
Company registration number: 12619485
Opus Care Investments Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brabourne Care Centre, 209 Hythe Road, Ashford, Kent, TN24 8PL, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 (2023: 1).
5. Tangible assets
Freehold property
£
Cost
At 1 October 2023 and 30 September 2024
470,000
---------
Depreciation
At 1 October 2023 and 30 September 2024
---------
Carrying amount
At 30 September 2024
470,000
---------
At 30 September 2023
470,000
---------
The above freehold property represents investment property and is held at open market value as determined by the director.
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
367,588
382,486
Corporation tax
3,223
4,092
Other creditors
3,000
3,000
---------
---------
373,811
389,578
---------
---------
7. Summary audit opinion
The auditor's report dated 3 June 2025 was unqualified .
The senior statutory auditor was Robert Field FCA CTA , for and on behalf of Burgess Hodgson LLP .
8. Related party transactions
At the year end, the company owed £367,588 (2023: £382,486) to a company related by common control.
9. Controlling party
The company's ultimate parent company is Opus Care Holdings Limited a company incorporated in England and Wales. The registered office of said company is Brabourne Care Centre, 209 Hythe Road, Ashford, Kent, United Kingdom, TN24 8PL .