Caseware UK (AP4) 2024.0.164 2024.0.164 false false 2024-04-01 false 5 5 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03782941 2024-04-01 2025-03-31 03782941 2023-04-01 2024-03-31 03782941 2025-03-31 03782941 2024-03-31 03782941 c:CompanySecretary1 2024-04-01 2025-03-31 03782941 c:Director1 2024-04-01 2025-03-31 03782941 c:Director2 2024-04-01 2025-03-31 03782941 c:Director3 2024-04-01 2025-03-31 03782941 c:RegisteredOffice 2024-04-01 2025-03-31 03782941 c:Agent1 2024-04-01 2025-03-31 03782941 d:FurnitureFittings 2024-04-01 2025-03-31 03782941 d:FurnitureFittings 2025-03-31 03782941 d:FurnitureFittings 2024-03-31 03782941 d:CurrentFinancialInstruments 2025-03-31 03782941 d:CurrentFinancialInstruments 2024-03-31 03782941 d:Non-currentFinancialInstruments 2025-03-31 03782941 d:Non-currentFinancialInstruments 2024-03-31 03782941 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 03782941 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03782941 d:ShareCapital 2025-03-31 03782941 d:ShareCapital 2024-03-31 03782941 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 03782941 d:RetainedEarningsAccumulatedLosses 2025-03-31 03782941 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 03782941 d:RetainedEarningsAccumulatedLosses 2024-03-31 03782941 d:RetainedEarningsAccumulatedLosses 2023-04-01 03782941 c:OrdinaryShareClass1 2024-04-01 2025-03-31 03782941 c:OrdinaryShareClass1 2025-03-31 03782941 c:OrdinaryShareClass1 2024-03-31 03782941 c:OrdinaryShareClass2 2024-04-01 2025-03-31 03782941 c:OrdinaryShareClass2 2025-03-31 03782941 c:OrdinaryShareClass2 2024-03-31 03782941 c:FRS102 2024-04-01 2025-03-31 03782941 c:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 03782941 c:FullAccounts 2024-04-01 2025-03-31 03782941 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03782941 6 2024-04-01 2025-03-31 03782941 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03782941 Opus Trust Group Limited Unaudited Directors' Report and Financial Statements For the Year Ended 31 March 2025
Opus Trust Group Limited Company Information
Directors | P C De Haan
| M G Greville
| S C Johnson
Company secretary | S J Ghysen
Registered number | 03782941
Registered office | 37 St. Margaret's Street
| Canterbury
| Kent
| CT1 2TU
Accountants | Kreston Reeves LLP
| Chartered Accountants
| 37 St Margaret's Street
| Canterbury
| Kent
| CT1 2TU
Bankers | Handelsbanken
| 5th Floor
| 13 Charles II Street
| London
| SW1Y 4QU
Solicitors | Taylor Wessing LLP
| 5 New Street Square
| London
| EC4A 3TW
Opus Trust Group Limited Contents
| Page
Directors' Report | 1 - 2
Accountants' Report | 3
Statement of Income and Retained Earnings | 4
Balance Sheet | 5
Notes to the Financial Statements | 6 - 13
Opus Trust Group Limited Directors' Report For the Year Ended 31 March 2025 The directors present their report and the financial statements for the year ended 31 March 2025.
Directors' responsibilities statement
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Principal activity
The principal activity of the company is to act as an intermediate holding company for a group whose activities during the year were: - Hold and manage a broad range of investments for long term capital growth; - Hold and manage a portfolio of residential property for the long term; - Invest in a range of syndicated commercial property interests; and - Invest in a number of residential property development opportunities.
Directors
The directors who served during the year were:
P C De Haan
M G Greville
S C Johnson
Page 1
Opus Trust Group Limited Directors' Report (continued) For the Year Ended 31 March 2025
Small companies note
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board and signed on its behalf.
S C Johnson Director
Date: 6 October 2025
Page 2
Opus Trust Group Limited Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Opus Trust Group Limited for the Year Ended 31 March 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Opus Trust Group Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, the Balance Sheet and the related notes from the company accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation. This report is made solely to the Board of Directors of Opus Trust Group Limited, as a body, in accordance with the terms of our engagement letter dated 22 July 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Opus Trust Group Limited and state those matters that we have agreed to state to the Board of Directors of Opus Trust Group Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Opus Trust Group Limited and its Board of Directors, as a body, for our work or for this report. It is your duty to ensure that Opus Trust Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Opus Trust Group Limited. You consider that Opus Trust Group Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of Opus Trust Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Kreston Reeves LLP Chartered Accountants Canterbury 6 October 2025 Page 3
Opus Trust Group Limited Statement of Income and Retained Earnings For the Year Ended 31 March 2025
| 2025 | 2024
| £000 | £000
Turnover |  | 6,224 | 955
Gross profit |  | 6,224 | 955
Administrative expenses |  | (1,258) | (1,319)
Operating profit/(loss) |  | 4,966 | (364)
Income from fixed assets investments |  | 1,288 | -
Gain on sale of investment |  | 4,193 | -
Interest receivable and similar income |  | 188 | 424
Interest payable and similar expenses |  | - | (23)
Profit before tax |  | 10,635 | 37
Profit after tax |  | 10,635 | 37
Retained earnings at the beginning of the year |  | 121 | 84
|  | 121 | 84
Profit for the year |  | 10,635 | 37
Dividends declared and paid |  | (2,595) | -
Retained earnings at the end of the year |  | 8,161 | 121
There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of income and retained earnings.
The notes on pages 6 to 13 form part of these financial statements.
Page 4
Opus Trust Group Limited Registered number: 03782941 Balance Sheet As at 31 March 2025
|  | 2025 |  | 2024
Note |  | £000 |  | £000
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | - |  | -
Investments | 6 |  | 491 |  | 491
|  |  | 491 |  | 491
Current assets |  |  |  |  |
Debtors | 7 | 6,847 |  | 4,740 |
Bank and cash balances |  | 1,767 |  | 1,579 |
|  | 8,614 |  | 6,319 |
Creditors: amounts falling due within one year | 8 | (257) |  | (6,002) |
Net current assets |  |  | 8,357 |  | 317
Total assets less current liabilities |  |  | 8,848 |  | 808
Net assets |  |  | 8,848 |  | 808
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 687 |  | 687
Profit and loss account |  |  | 8,161 |  | 121
|  |  | 8,848 |  | 808
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
S C Johnson
Director
Date: 6 October 2025
The notes on pages 6 to 13 form part of these financial statements. Page 5
Opus Trust Group Limited Notes to the Financial Statements For the Year Ended 31 March 2025
1. | General information
Opus Trust Group Limited a limited liability company incorporated in England and Wales. The company's registered office is 37 St. Margaret's Street, Canterbury, Kent, CT1 2TU. The company number is 03782941. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The company's functional and presentational currency is Pounds Sterling. The company's financial statements are presented to lhe nearest thousand. The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual entity and not about its group. The following principal accounting policies have been applied:
| 2.2 | Going concern
Following the year end the intention of the company is that it will cease trading and then become dormant and as such the financial statements have been prepared on a basis other than that of a going concern. The financial statements do not include any provision for the future costs of terminating the business of the company.
| 2.3 | Turnover
Turnover is recognised to the extent that it is probably that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: ∙Rental income is accounted for on a straight-line basis.
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 6
Opus Trust Group Limited Notes to the Financial Statements For the Year Ended 31 March 2025 2.Accounting policies (continued)
| 2.4 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. The estimated useful lives range as follows:
|  |  |  | Fixtures and fittings | - | 3 - 10 years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.5 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.6 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.7 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.8 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Page 7
Opus Trust Group Limited Notes to the Financial Statements For the Year Ended 31 March 2025 2.Accounting policies (continued)
| 2.8 | Financial instruments (continued)
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Other financial instruments Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss. Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.
| 2.9 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 8
Opus Trust Group Limited Notes to the Financial Statements For the Year Ended 31 March 2025 2.Accounting policies (continued)
| 2.10 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.11 | Taxation
Tax is recognised in profit and loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they willbe recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.12 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Page 9
Opus Trust Group Limited Notes to the Financial Statements For the Year Ended 31 March 2025
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires the directors to make judgements, estimates and assumptions that can affect the amounts reported for assets and liabilities, and the results for the year. The nature of estimation is such though that actual outcomes could differ significantly from those estimates. The following judgements have had the most significant impact on amounts recognised in the financial statements: Impairment of fixed asset investments The company considers if any of the fixed asset investments are impaired. Where an indication of impairment is identified the estimation of recoverable value requires estimation of the recoverable value of the investment. This requires the estimation of the future cash flows from the investment and also selection of appropriate discount rates in order to calculate the net present values of those cash flows.
4. | Employees
| The average monthly number of employees, including directors, during the year was 5 (2024 - 5).
5. | Tangible fixed assets
|  | Fixtures, fittings and equipment
|  | £000
| At 1 April 2024 | 13
| Disposals | (13)
| At 31 March 2025 | -
| At 1 April 2024 | 13
| Disposals | (13)
| At 31 March 2025 | -
| Net book value |
| At 31 March 2025 | -
| At 31 March 2024 | -
Page 10
Opus Trust Group Limited Notes to the Financial Statements For the Year Ended 31 March 2025
6. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £000
| Cost or valuation |
| At 1 April 2024 | 23,491
| At 31 March 2025 | 23,491
| Impairment |
| At 1 April 2024 | 23,000
| At 31 March 2025 | 23,000
| Net book value |
| At 31 March 2025 | 491
| At 31 March 2024 | 491
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Due after more than one year |  |
| Other debtors | - | 3,500
|  | - | 3,500
| Due within one year |  |
| Amounts owed by group undertakings | 5,926 | 509
| Other debtors | 911 | 720
| Prepayments and accrued income | 10 | 11
|  | 6,847 | 4,740
Page 11
Opus Trust Group Limited Notes to the Financial Statements For the Year Ended 31 March 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
| Trade creditors | 3 | 20
| Amounts owed to group undertakings | - | 5,786
| Other taxation and social security | 32 | 31
| Accruals and deferred income | 222 | 165
|  | 257 | 6,002
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £000 | £000
|  | Allotted, called up and fully paid |  |
|  | 1,372,972 (2024 - 1,372,972) Ordinary shares shares of £0.25 each | 343 | 343
|  | 1,374,403 (2024 - 1,374,403) Deferred shares of £0.25 each | 344 | 344
|  |  | 687 | 687
| The holders of deferred shares are not entitled to any participation in the profits or assets of the company, nor do they have any right to attend and vote at any general meeting of the company.
10. | Contingent liabilities
Group banking arrangements The company has guaranteed the bank facilities of all the companies within the Opus Trust Group, the company had no exposure under this liability at the balance sheet date or in the previous year.
11. | Related party transactions
| All directors' remuneration paid by the company during the year was done so under normal market conditions. The company is exempt from disclosing related party transactions with other companies that are wholly owned within the group. The company is also exempt from disclosing related party transactions that are conducted under normal market conditions.
|  | 2025 | 2024
|  | £000 | £000
| Amounts due from related trusts | 684 | 41
| Amounts due from other related parties | (417) | 569
Page 12
Opus Trust Group Limited Notes to the Financial Statements For the Year Ended 31 March 2025
12. | Ultimate parent undertaking and controlling party
The company is a wholly owned subsidiary undertaking of Opus Trust Investments Limited, a company incorporated in England and Wales.
Page 13