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Registered Number: 10487126
England and Wales
Unaudited Financial Statements
for the year ended 31 December 2024
for
OMEGA HOMES AND DEVELOPMENTS LIMITED

Omega Homes and Developments Limited Contents Page For the year ended 31 December 2024
Statement of financial position | 1
Notes to the financial statements | 2

Omega Homes and Developments Limited Statement of Financial Position As at 31 December 2024
| Notes | 2024 £ |  | 2023 £
--- | --- | --- | --- | ---
Current assets |  |  |
Debtors | 3 | 41,900 |  | 0
Cash at bank and in hand |  | 130,682 |  | 100
|  | 172,582 |  | 100
Creditors: amount falling due within one year | 4 | (166,747) |  | 0
Net current assets |  | 5,835 |  | 100
Total assets less current liabilities |  | 5,835 |  | 100
Net assets |  | 5,835 |  | 100
Capital and reserves |  |  |
Called up share capital | 5 | 100 |  | 100
Profit and loss account |  | 5,735 |  | 0
Shareholders' funds |  | 5,835 |  | 100
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These 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 to the Registrar of Companies. The financial statements were approved by the board of directors on 18 September 2025 and were signed on its behalf by:
------------------------------- N Barnfield Director
1

Omega Homes and Developments Limited Notes to the Financial Statements For the year ended 31 December 2024
General Information Omega Homes and Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 10487126, registration address 8/11 Chapel Lane, Willenhall, WV13 1QY. The presentation currency is £ sterling.
1. | Accounting policies Significant accounting policies The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard) Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: The Company has transferred the significant risks and rewards of ownership to the buyer The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; The amount of revenue can be measured reliably; It is probable that the Company will receive the consideration due under the transaction; and The costs incurred or to be incurred in respect of the transaction can be measured reliably. Taxation Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using 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. 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. Current and deferred tax assets and liabilities are not discounted. Debtors and creditors receivable/ payable within one year 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 the other administrative expenses. Cash and cash equivalents Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2. | Average number of employees Average number of employees during the year was 2 (2023 : 2).
3. | Debtors: amounts falling due within one year
| 2024 £ |  | 2023 £
--- | --- | --- | ---
Other Debtors | 41,900 |  | 0
| 41,900 |  | 0
4. | Creditors: amount falling due within one year
| 2024 £ |  | 2023 £
--- | --- | --- | ---
Taxation and Social Security | 1,345 |  | 0
Other Creditors | 165,402 |  | 0
| 166,747 |  | 0
5. | Share Capital
Allotted, called up and fully paid | 2024 £ |  | 2023 £
--- | --- | --- | ---
100 Class A shares of £1.00 each | 100 |  | 100
| 100 |  | 100
2