COMPANY REGISTRATION NUMBER:
06248615
|
OPERA GALLERY HOLDING ASIA LIMITED |
|
|
Filleted Financial Statements |
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|
OPERA GALLERY HOLDING ASIA LIMITED |
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Statement of Financial Position |
|
31 December 2025
Current assets
|
Debtors |
5 |
1,284,022 |
|
1,236,762 |
|
Cash at bank and in hand |
1,416 |
|
1,839 |
|
------------ |
|
------------ |
|
1,285,438 |
|
1,238,601 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
17,440 |
|
5,786 |
|
------------ |
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------------ |
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Net current assets |
|
1,267,998 |
1,232,815 |
|
|
------------ |
------------ |
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Total assets less current liabilities |
|
1,267,998 |
1,232,815 |
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------------ |
------------ |
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Net assets |
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1,267,998 |
1,232,815 |
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------------ |
------------ |
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|
|
|
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Capital and reserves
|
Called up share capital |
|
10,000 |
10,000 |
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Share premium account |
|
855,599 |
855,599 |
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Profit and loss account |
|
402,399 |
367,216 |
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|
------------ |
------------ |
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Shareholders funds |
|
1,267,998 |
1,232,815 |
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------------ |
------------ |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
11 May 2026
, and are signed on behalf of the board by:
Mr G M Dyan
Director
Company registration number:
06248615
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OPERA GALLERY HOLDING ASIA LIMITED |
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Notes to the Financial Statements |
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Year ended 31 December 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10-12, Bourlet Close, London, W1W 7BR.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Opera Gallery Group Limited which can be obtained from UK Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
4.
Investments
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Other investments other than loans |
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£ |
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Cost |
|
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At 1 January 2025 and 31 December 2025 |
207,622 |
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--------- |
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Impairment |
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At 1 January 2025 and 31 December 2025 |
207,622 |
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--------- |
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Carrying amount |
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At 31 December 2025 |
– |
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--------- |
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At 31 December 2024 |
– |
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--------- |
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As the previous year-end, a full impairment loss of £207,622 was provided against the investment cost in an undertaking which is a related party under common control of Opera Gallery Group Limited, the immediate holding company.
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
1,284,022 |
1,236,762 |
|
------------ |
------------ |
|
|
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Included in amounts owed by group undertakings, there is a loan of £1,045,555 including interest, which is repayable by 10 January 2028.
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Corporation tax |
11,654 |
– |
|
Other creditors |
5,786 |
5,786 |
|
-------- |
------- |
|
17,440 |
5,786 |
|
-------- |
------- |
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7.
Summary audit opinion
The auditor's report dated
11 May 2026
was
unqualified
.
The senior statutory auditor was
FENTON HIGGINS FCA
, for and on behalf of
Higgins Fairbairn & Co
.
8.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
|
Balance brought forward and outstanding |
|
2025 |
2024 |
|
£ |
£ |
|
Mr G M Dyan |
(
2,786) |
(
2,786) |
|
------- |
------- |
|
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9.
Related party transactions
There is no other related party transaction requiring disclosure other than that already disclosed in the accounts.
10.
Controlling party
The immediate holding company is Opera Gallery Group Limited, which is incorporated in the UK. The ultimate beneficial owner is
Mr G M Dyan
.