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# OPULENT CREST REALTY LTD

## Company Registration Number:
15937309 (England and Wales)

## Unaudited abridged accounts for the year ended 30 September 2025

## Period of accounts

## Start date: 05 September 2024

## End date: 30 September 2025

# OPULENT CREST REALTY LTD

## Contents of the Financial Statements

for the Period Ended 30 September 2025

Balance sheet |
Notes |

# OPULENT CREST REALTY LTD

## Balance sheet

As at 30 September 2025

| Notes | 13 months to 30 September 2025
--- | --- | ---
|  | £
Fixed assets
Investments: | 3 | 112,635
Total fixed assets: |  | 112,635
Current assets
Debtors: |  | 385
Cash at bank and in hand: |  | 596
Total current assets: |  | 981
Creditors: amounts falling due within one year: |  | (1,039)
Net current assets (liabilities): |  | (58)
Total assets less current liabilities: |  | 112,577
Creditors: amounts falling due after more than one year: | 4 | (115,500)
Total net assets (liabilities): |  | (2,923)
Capital and reserves
Called up share capital: |  | 120
Profit and loss account: |  | (3,043)
Shareholders funds: |  | (2,923)

The notes form part of these financial statements

# OPULENT CREST REALTY LTD

## Balance sheet statements

For the year ending 30 September 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 May 2026
and signed on behalf of the board by:

Name: Rahman Oladipupo Rafiu
Status: Director

The notes form part of these financial statements

# OPULENT CREST REALTY LTD

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

## Turnover policy

Turnover represents rental income from residential investment property, recognised on a straight-line basis over the term of the lease, net of VAT and other sales taxes.

## Valuation and information policy

Investment property is held under the fair value model in accordance with FRS 102 Section 16. Investment property is measured initially at cost (including incidental acquisition costs) and subsequently at fair value at each reporting date, with changes in fair value recognised in profit or loss. At 30 September 2025, the director has determined that the fair value of the investment property approximates its carrying amount, based on the RICS Level 2 survey and valuation inspected on 16 December 2024 and the absence of material movement in the local property market or condition of the property between acquisition and the reporting date. No independent professional valuation has been commissioned at the reporting date.

## Other accounting policies

Basis of preparation: The financial statements are presented in pounds sterling and rounded to the nearest pound. They are prepared on the historical cost basis, except for investment property which is stated under the fair value model in accordance with FRS 102 Section 16. Going concern: Notwithstanding net liabilities at the period end, the financial statements have been prepared on the going concern basis. The director has confirmed his intention to continue to provide financial support to the company by way of director's loan for at least 12 months from the date of approval of these financial statements. Financial instruments: The company has elected to apply Sections 11 and 12 of FRS 102 to its financial instruments. Basic financial liabilities are recognised initially at the transaction price less directly attributable transaction costs, and are subsequently measured at amortised cost. The bank loan has been presented net of unamortised loan issue costs. Issue costs are amortised on a straight-line basis over the 24-month fixed-rate period of the loan, which approximates the effective interest method given the short duration. Trade and other creditors: Trade and other creditors are recognised at their nominal value, which is not materially different from amortised cost given the short maturity profile. Taxation: Current tax is calculated on the basis of tax rates and laws enacted or substantively enacted at the reporting date. As the company has incurred a loss in the period, no current tax charge arises. The loss is available to be carried forward against future profits of the property letting business under section 62 of the Corporation Tax Act 2010. No deferred tax asset has been recognised in respect of the loss carried forward as the recovery of the asset is not considered sufficiently certain at this stage of the company's operations.

# OPULENT CREST REALTY LTD

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 2. Employees

| 13 months to 30 September 2025
--- | ---
Average number of employees during the period | 0

# OPULENT CREST REALTY LTD

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 3. Fixed investments

The fixed asset investment of £112,635 comprises a single residential investment property in the United Kingdom, acquired during the period for the purpose of letting under an Assured Shorthold Tenancy. The property is held under the fair value model in accordance with FRS 102 Section 16. At the reporting date, the director has determined that fair value approximates carrying amount. The property is secured by a first legal charge in favour of the company's bank lender.

# OPULENT CREST REALTY LTD

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 4. Creditors: amounts falling due after more than one year note

The £115,500 reported within creditors due after more than one year comprises a bank loan from a UK regulated buy-to-let lender (£76,854, net of unamortised loan issue costs) and amounts owed to the director (£38,646). The bank loan is secured by a first legal charge over the company's investment property. Loan issue costs are amortised on a straight-line basis over the 24-month fixed-rate period of the loan. Amounts owed to the director are interest-free and repayable on demand. The director has confirmed in writing his intention not to require repayment of his loan within twelve months of the date of approval of these financial statements, on which basis the balance is presented within creditors falling due after more than one year.

# OPULENT CREST REALTY LTD

## Notes to the Financial Statements

for the Period Ended 30 September 2025

## 5. Related party transactions

Name of the related party: |
Relationship: | Director
Description of the Transaction: | The closing balance of amounts owed to the director at the period end was £38,646 (interest-free, repayable on demand). No interest was charged or paid in respect of these loans in the period. The director's loan is presented within creditors falling due after more than one year.
£
Balance at 30 September 2025 |  | 38,646