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REGISTERED NUMBER: 03435171 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

OTM GROUP LIMITED PREVIOUSLY EDICIS
COMMUNICATIONS GROUP LIMITED

OTM GROUP LIMITED PREVIOUSLY EDICIS
COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 03435171)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OTM GROUP LIMITED PREVIOUSLY EDICIS
COMMUNICATIONS GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: J Gerry
R Griffin
N G Howes





REGISTERED OFFICE: 9 Noel Street
C/O OTM (UK) Limited
London
W1F8GQ





REGISTERED NUMBER: 03435171 (England and Wales)





ACCOUNTANTS: Kingly Jones LLP
Chartered Accountants
414 Linen Hall
162-168 Regent Street
London
W1B 5TE

OTM GROUP LIMITED PREVIOUSLY EDICIS
COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 03435171)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 7 354,613 382,160
Cash at bank and in hand 66,804 84,469
421,417 466,629
CREDITORS
Amounts falling due within one year 8 507,786 540,486
NET CURRENT LIABILITIES (86,369 ) (73,857 )
TOTAL ASSETS LESS CURRENT LIABILITIES (86,369 ) (73,857 )

CAPITAL AND RESERVES
Called up share capital 9 2,040 2,040
Capital redemption reserve 960 960
Retained earnings (89,369 ) (76,857 )
SHAREHOLDERS' FUNDS (86,369 ) (73,857 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





R Griffin - Director


OTM GROUP LIMITED PREVIOUSLY EDICIS
COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 03435171)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

OTM Group Limited previously Edicis Communications Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
During the year to 31 December 2022, the Company reported a loss £12,512 (2021:profit £36,978) and had net current liabilities of £86,369 (2021: net current liabilities £73,857). The financial statements have been prepared under the going concern basis relying on the continued support of its shareholders and fellow group companies.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life. The Goodwill was fully amortised by 31 December 2018.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

OTM GROUP LIMITED PREVIOUSLY EDICIS
COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 03435171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022 440,000
Disposals (440,000 )
At 31 December 2022 -
AMORTISATION
At 1 January 2022 440,000
Eliminated on disposal (440,000 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 3,171
Disposals (3,171 )
At 31 December 2022 -
DEPRECIATION
At 1 January 2022 3,171
Eliminated on disposal (3,171 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -

6. FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Dragon DI Limited
Registered office:
Nature of business: Audio visual services and film restoration
%
Class of shares: holding
Ordinary 100.00

OTM (UK) Limited
Registered office:
Nature of business: Design and production of publicity material
%
Class of shares: holding
Ordinary 100.00

OTM GROUP LIMITED PREVIOUSLY EDICIS
COMMUNICATIONS GROUP LIMITED (REGISTERED NUMBER: 03435171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 8,586 -
Amounts owed by group undertakings 344,970 380,970
Other debtors 1,057 1,190
354,613 382,160

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1,800 -
Amounts owed to group undertakings 463,597 463,597
Other creditors 42,389 76,889
507,786 540,486

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
3,251,081 Ordinary shares £0.0002 651 651
6,945,000 A Ordinary shares £0.0002 1,389 1,389
2,040 2,040

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Definition Group Holdings Limited, a company incorporated in England & Wales. Their registered office is One, Park Row, Leeds, England, LS1 5HN.

Definition Group Holdings Limited, is owned by a number of private shareholders and due to the size of the holdings there is no ultimate controlling party.