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REGISTERED NUMBER: 09708757 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Opera Automotive Limited

Opera Automotive Limited (Registered number: 09708757)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Opera Automotive Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr C Sarri
Mr G Pin





SECRETARY:





REGISTERED OFFICE: Unit 4 Alpha Court
Capitol Park
Thorne
United Kingdom
DN8 5TZ





REGISTERED NUMBER: 09708757 (England and Wales)





ACCOUNTANTS: Brookstone Accountancy Limited
3rd Floor
207 Regent Street
London
W1B 3HH

Opera Automotive Limited (Registered number: 09708757)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,946 7,009
Tangible assets 5 261 523
6,207 7,532

CURRENT ASSETS
Stocks 132,584 172,696
Debtors 6 120,910 180,730
Cash at bank 193,001 149,273
446,495 502,699
CREDITORS
Amounts falling due within one year 7 315,806 507,070
NET CURRENT ASSETS/(LIABILITIES) 130,689 (4,371 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,896

3,161

CAPITAL AND RESERVES
Called up share capital 9 77 77
Retained earnings 136,819 3,084
SHAREHOLDERS' FUNDS 136,896 3,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 11 June 2025 and were signed on its behalf by:





Mr C Sarri - Director


Opera Automotive Limited (Registered number: 09708757)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Opera Automotive 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty five years.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 - 20% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Opera Automotive Limited (Registered number: 09708757)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Patents
and Computer
licences software Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 7,589 7,595 15,184
AMORTISATION
At 1 January 2024 2,479 5,696 8,175
Amortisation for year 304 759 1,063
At 31 December 2024 2,783 6,455 9,238
NET BOOK VALUE
At 31 December 2024 4,806 1,140 5,946
At 31 December 2023 5,110 1,899 7,009

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 13,083 690 2,521 16,294
DEPRECIATION
At 1 January 2024 13,083 690 1,998 15,771
Charge for year - - 262 262
At 31 December 2024 13,083 690 2,260 16,033
NET BOOK VALUE
At 31 December 2024 - - 261 261
At 31 December 2023 - - 523 523

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 120,910 179,730
Other debtors - 1,000
120,910 180,730

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 3,683 123,021
Tax 44,666 1,507
VAT 46,198 59,417
Other creditors 215,226 319,233
Accrued expenses 6,033 3,892
315,806 507,070

Opera Automotive Limited (Registered number: 09708757)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 39,600 39,600

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary € 1 77 77

10. RELATED PARTY DISCLOSURES

As at 31 December 2024 a balance of £ 215,226 is due to the company shareholder. The loan is interest free and repayable on demand. It is expected that this amount will be repaid by Opera Automotive Limited in the future but repayment will not be expected within twelve months of the balance sheet date.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C Sarri.