Opal Homes Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09975671

Opal Homes Limited

Filleted Unaudited Financial Statements

31 July 2025

Opal Homes Limited

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Current assets

Stocks		139,267	124,317
Debtors	5	1,178,281	762,752
Cash at bank and in hand		1,812	10,619
		------------	---------
		1,319,360	897,688

Creditors: amounts falling due within one year	6	267,084	258,598
		------------	---------
Net current assets		1,052,276	639,090
		------------	---------
Total assets less current liabilities		1,052,276	639,090

Creditors: amounts falling due after more than one year	7	1,063,757	610,804
		------------	---------
Net (liabilities)/assets		( 11,481)	28,286
		------------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 11,483)	28,284
	--------	--------
Shareholders (deficit)/funds	( 11,481)	28,286
	--------	--------

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.

For the year ending 31 July 2025 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 financial statements for the year in question in accordance with section 476 ;

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

Opal Homes Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 9 July 2026 , and are signed on behalf of the board by:

Mr M S Poonian	Mr A S Mahal
Director	Director

Company registration number: 09975671

Opal Homes Limited

Notes to the Financial Statements

Year ended 31 July 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 Kingsley Hall, Stretton Road, Great Glen, Leicester, LE8 9GP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, Small Entities of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006'.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	50% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

4. Tangible assets

	Equipment
	£
Cost
At 1 August 2024 and 31 July 2025	1,692
	-------
Depreciation
At 1 August 2024 and 31 July 2025	1,692
	-------
Carrying amount
At 31 July 2025	–
	-------
At 31 July 2024	–
	-------

5. Debtors

	2025	2024
	£	£
Trade debtors	96,639	202,120
Other debtors	1,081,642	560,632
	------------	---------
	1,178,281	762,752
	------------	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	9,096	10,000
Trade creditors	50,453	12,454
Social security and other taxes	428	4,895
Other creditors	207,107	231,249
	---------	---------
	267,084	258,598
	---------	---------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	9,074
Other creditors	1,063,757	601,730
	------------	---------
	1,063,757	610,804
	------------	---------

8. Directors' advances, credits and guarantees

At 31 July 2025, company owed £202,075 (2024: £229,999) to the directors.

9. The ultimate controlling party

The company is controlled by the directors of the company.