Opal Mortgage Solutions Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08834973 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 7 JANUARY 2014 TO 31 MAY 2015

FOR

OPAL MORTGAGE SOLUTIONS LTD

Page

Abbreviated balance sheet

1

Notes to the abbreviated accounts

2

Fixed assets

Tangible assets

2

531

Current assets

Cash at bank

625

Creditors

Amounts falling due within one year

25,176

Net current liabilities

(24,551

)

Total assets less current liabilities

(24,020

)

Capital and reserves

Called up share capital

3

100

Profit and loss account

(24,120

)

Shareholders' funds

(24,020

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 7 October 2015 and were signed by:

Mr N D Howell - Director

1.	Accounting policies

Basis of preparing the financial statements

The company made a loss during the period of £24,120, and had a deficiency of assets at the period end of £24,020. The

company is dependant upon the continued support of its director and parent company, Opal Financial Group (UK) Ltd. The

director has agreed to support the company over the next 12 months in order that it can meet its day to day working capital

requirements, and therefore it is considered reasonable to prepare the financial statements on a going concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Opal Mortgage Solutions Ltd as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under Section 398

of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents amounts receivable in respect of services provided in the ordinary course of business. Turnover is

recognised when the service has been provided to the customer

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

2.	Tangible fixed assets

Total

£

Cost

Additions

750

At 31 May 2015

750

Depreciation

Charge for period

219

At 31 May 2015

219

Net book value

At 31 May 2015

531

3.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

4.	Ultimate parent company

Opal Financial Group (UK) Limited (incorporated in England and Wales ) is regarded by the director as being the company's

ultimate parent company.