IRIS Accounts Production v23.4.0.336 12268176 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh122681762022-12-31122681762023-12-31122681762023-01-012023-12-31122681762021-12-31122681762022-01-012022-12-31122681762022-12-3112268176ns15:EnglandWales2023-01-012023-12-3112268176ns14:PoundSterling2023-01-012023-12-3112268176ns10:Director12023-01-012023-12-3112268176ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112268176ns10:SmallEntities2023-01-012023-12-3112268176ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112268176ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112268176ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112268176ns10:FullAccounts2023-01-012023-12-3112268176ns10:Director32023-01-012023-12-3112268176ns10:RegisteredOffice2023-01-012023-12-3112268176ns5:CurrentFinancialInstruments2023-12-3112268176ns5:CurrentFinancialInstruments2022-12-3112268176ns5:ShareCapital2023-12-3112268176ns5:ShareCapital2022-12-3112268176ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3112268176ns5:FurtherSpecificReserve1ComponentTotalEquity2022-12-3112268176ns5:RetainedEarningsAccumulatedLosses2023-12-3112268176ns5:RetainedEarningsAccumulatedLosses2022-12-3112268176ns5:ComputerEquipment2022-12-3112268176ns5:ComputerEquipment2023-01-012023-12-3112268176ns5:ComputerEquipment2023-12-3112268176ns5:ComputerEquipment2022-12-3112268176ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3112268176ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3112268176ns5:WithinOneYear2023-12-3112268176ns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 12268176 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OPENQUERY LTD

OPENQUERY LTD (REGISTERED NUMBER: 12268176)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OPENQUERY LTD

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: N Daneliya
J Rodriguez Andrade





REGISTERED OFFICE: George House
39 Fitzroy Square
London
W1T 6EZ





REGISTERED NUMBER: 12268176 (England and Wales)

OPENQUERY LTD (REGISTERED NUMBER: 12268176)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,174 3,123

CURRENT ASSETS
Debtors 5 129,973 92,263
Cash at bank 110,175 103,806
240,148 196,069
CREDITORS
Amounts falling due within one year 6 10,222 11,055
NET CURRENT ASSETS 229,926 185,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,100

188,137

CAPITAL AND RESERVES
Called up share capital 300 300
Capital contribution 1,653,025 824,746
Retained earnings (1,414,225 ) (636,909 )
239,100 188,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





J Rodriguez Andrade - Director


OPENQUERY LTD (REGISTERED NUMBER: 12268176)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

OpenQuery Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of coding software, excluding value added tax, sold during the year.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Computer equipment - 33.33% straight line

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are 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.

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable are charged to the profit and loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

OPENQUERY LTD (REGISTERED NUMBER: 12268176)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 4,214
Additions 8,914
At 31 December 2023 13,128
DEPRECIATION
At 1 January 2023 1,091
Charge for year 2,863
At 31 December 2023 3,954
NET BOOK VALUE
At 31 December 2023 9,174
At 31 December 2022 3,123

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 329 -
Other debtors 7,855 7,178
Corporation tax 121,789 85,085
129,973 92,263

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 953 495
Other creditors 4,957 514
Directors' loan accounts 312 624
Accruals and deferred income 4,000 9,422
10,222 11,055

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 6,450 6,450