Company registration number 14015943 (England and Wales)
OPPORTUNITY KENSINGTON LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
OPPORTUNITY KENSINGTON LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
OPPORTUNITY KENSINGTON LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
119,055
133,802
Cash at bank and in hand
369,652
373,738
488,707
507,540
Creditors: amounts falling due within one year
4
(119,597)
(123,110)
Net current assets
369,110
384,430
Reserves
Income and expenditure account
369,110
384,430
Members' funds
369,110
384,430

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 10 September 2025 and are signed on its behalf by:
Mr C H C Fordham
Ms J L Locker
Director
Director
Company registration number 14015943 (England and Wales)
OPPORTUNITY KENSINGTON LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Opportunity Kensington Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 2 Allen Street, London, W8 6BH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is represented by the following streams:

1. Business Improvement District (BID) Levy

2. Grant Income

3. Commercial Income

4. Partnership Income

5. Sponsorship Income

The BID levy revenue is invoiced for each financial year and is recognised within that financial year. Any received in advance is included within deferred income and any invoiced after the period is included as accrued income

1.3
Taxation
Current tax

Taxation for the period 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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
4
OPPORTUNITY KENSINGTON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade Debtors
40,960
110,693
Other debtors
38,052
16,409
Prepayments and accrued income
40,043
6,700
119,055
133,802
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
106,773
56,864
Taxation and social security
-
0
5,410
Other creditors
12,824
60,836
119,597
123,110
5
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

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