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OPAL GROUP LONDON LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025






OPAL GROUP LONDON LIMITED (REGISTERED NUMBER: 10284052)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OPAL GROUP LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTOR: J M Fitzgerald





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 10284052 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

OPAL GROUP LONDON LIMITED (REGISTERED NUMBER: 10284052)

BALANCE SHEET
31ST MARCH 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 7,374 -
Investments 6 3,708 1,500
Investment property 7 200,000 200,000
211,082 201,500

CURRENT ASSETS
Stocks 3,538,552 4,614,238
Debtors 8 2,481,821 154,811
Cash at bank 563,405 20,843
6,583,778 4,789,892
CREDITORS
Amounts falling due within one year 9 426,389 628,057
NET CURRENT ASSETS 6,157,389 4,161,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,368,471

4,363,335

CREDITORS
Amounts falling due after more than one
year

10

(1,667

)

(11,132

)

PROVISIONS FOR LIABILITIES (24,557 ) (16,258 )
NET ASSETS 6,342,247 4,335,945

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,342,246 4,335,944
SHAREHOLDERS' FUNDS 6,342,247 4,335,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 GROUP LONDON LIMITED (REGISTERED NUMBER: 10284052)

BALANCE SHEET - continued
31ST MARCH 2025


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 director and authorised for issue on 7th August 2025 and were signed by:





J M Fitzgerald - Director


OPAL GROUP LONDON LIMITED (REGISTERED NUMBER: 10284052)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025

1. STATUTORY INFORMATION

Opal Group London 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

OPAL GROUP LONDON LIMITED (REGISTERED NUMBER: 10284052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 8,435 1,398 9,833
At 31st March 2025 8,435 1,398 9,833
DEPRECIATION
Charge for year 2,109 350 2,459
At 31st March 2025 2,109 350 2,459
NET BOOK VALUE
At 31st March 2025 6,326 1,048 7,374

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1st April 2024 - 1,500 1,500
Additions 8 2,200 2,208
At 31st March 2025 8 3,700 3,708
NET BOOK VALUE
At 31st March 2025 8 3,700 3,708
At 31st March 2024 - 1,500 1,500

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2024
and 31st March 2025 200,000
NET BOOK VALUE
At 31st March 2025 200,000
At 31st March 2024 200,000

OPAL GROUP LONDON LIMITED (REGISTERED NUMBER: 10284052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

7. INVESTMENT PROPERTY - continued

Fair value at 31st March 2025 is represented by:
£   
Valuation in 2024 89,541
Cost 110,459
200,000

Investment property has been valued at fair value as at 31 March 2025 by the director.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Amounts owed by joint ventures - 150,000
Amounts owed by associates 2,329,821 -
Other debtors 152,000 4,079
VAT - 732
2,481,821 154,811

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,000 10,535
Trade creditors - 7,140
Amounts owed to group undertakings 65,366 -
Amounts owed to associates - 370,909
Tax 311,609 161,612
Other creditors 32,565 69,562
Directors' current accounts 2,050 -
Deferred income - 3,500
Accrued expenses 4,799 4,799
426,389 628,057

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 1-2 years 1,667 10,535
Bank loans - 2-5 years - 597
1,667 11,132

OPAL GROUP LONDON LIMITED (REGISTERED NUMBER: 10284052)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

11. RELATED PARTY DISCLOSURES

As at 31st March 2025 the company was owed £2,329,821 by Opal Investments London Limited (2024: owed £370,909 to that company) a company under common control of the director. This balance is included within debtors and is interest free and repayable on demand.

As at 31st March 2025 the company owed £65,366 to Opal LJ Limited, an 80% subsidiary. This was interest free and repayable on demand.

At 31st March 2025, the company owed £2,050 to the director (2024:£Nil). This was interest free and repayable on demand.