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Registered number: 11711316













OPENROOM HOLDINGS LTD
FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

 
OPENROOM HOLDINGS LTD
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 4


 
OPENROOM HOLDINGS LTD
REGISTERED NUMBER:11711316

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
 4 
200
200

Current assets
  

Debtors: amounts falling due within one year
 5 
584,808
584,808

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(200)
(200)

Net current assets
  
 
 
584,608
 
 
584,608

  

Net assets
  
584,808
584,808


Capital and reserves
  

Called up share capital 
 7 
200
200

Profit and loss account
  
584,608
584,608

  
584,808
584,808


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 March 2022.




F M B Horan
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
OPENROOM HOLDINGS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

OpenRoom Holdings Ltd is a limited liability company registered in England and Wales. Its registered office address is at Unit 2C, 36-37 Warple Way, London, W3 0RG.
The principal activity of the company during the period was that of a holding company.
The company's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.

 
2.4

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

Page 2

 
OPENROOM HOLDINGS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2021
200



At 31 December 2021
200






Net book value



At 31 December 2021
200



At 31 December 2020
200

Page 3

 
OPENROOM HOLDINGS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Debtors

2021
2020
£
£


Other debtors
584,608
584,608

Called up share capital not paid
200
200

584,808
584,808



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Other creditors
200
200



7.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



200 (2020 - 200) Ordinary shares of £1 each
200
200



8.


Related party transactions

As at the balance sheet date, the Company was owed £584,608 (2020 - £584,608) by entities under common directorship included within other debtors. 

 
Page 4