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REGISTERED NUMBER: 14237430 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 15 JULY 2022 TO 31 AUGUST 2023

FOR

ORDERLY TRANSITION LIMITED

ORDERLY TRANSITION LIMITED (REGISTERED NUMBER: 14237430)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 15 July 2022 to 31 August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ORDERLY TRANSITION LIMITED

COMPANY INFORMATION
for the period 15 July 2022 to 31 August 2023







DIRECTORS: Dr P Marks
Mr A G Wittenberg





REGISTERED OFFICE: Finsbury Business Centre
40 Bowling Green Lane
London
EC1R 0NE





REGISTERED NUMBER: 14237430 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

ORDERLY TRANSITION LIMITED (REGISTERED NUMBER: 14237430)

ABRIDGED BALANCE SHEET
31 August 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 287,210
Tangible assets 5 10,524
297,734

CURRENT ASSETS
Debtors 200,551
Cash at bank and in hand 264,692
465,243
CREDITORS
Amounts falling due within one year 13,829
NET CURRENT ASSETS 451,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

749,148

CAPITAL AND RESERVES
Called up share capital 1
Share premium 974,991
Retained earnings (225,844 )
749,148

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

ORDERLY TRANSITION LIMITED (REGISTERED NUMBER: 14237430)

ABRIDGED BALANCE SHEET - continued
31 August 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 February 2024 and were signed on its behalf by:





Mr A G Wittenberg - Director


ORDERLY TRANSITION LIMITED (REGISTERED NUMBER: 14237430)

NOTES TO THE FINANCIAL STATEMENTS
for the period 15 July 2022 to 31 August 2023

1. STATUTORY INFORMATION

Orderly Transition 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The directors continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future. The directors are of the opinion that the company will be able to meet any liabilities as and when due with the continued support of the directors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the period 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 period 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.

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

ORDERLY TRANSITION LIMITED (REGISTERED NUMBER: 14237430)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 15 July 2022 to 31 August 2023

2. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Research and development expenditure
Expenditure on research activities is recognised as an expense in the period in which it is incurred.

In the event that an internally generated intangible asset arises from the company's development activities then it will be recognised only if all of the following conditions are met:
- An asset is created that can be identified;
- The project from which the asset arises meets the company's criteria for assessing technical feasibility;
- It is probable that the asset created will generate future economic benefits; and
- The development cost of the asset can be measured reliably.

Internally generated intangible assets are amortised on a straight-line basis over their useful lives. Where no internally generated intangible asset can be recognised, development expenditure is recognised as an expense in the period in which it is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 287,210
At 31 August 2023 287,210
NET BOOK VALUE

At 31 August 2023 287,210

ORDERLY TRANSITION LIMITED (REGISTERED NUMBER: 14237430)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 15 July 2022 to 31 August 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 14,032
At 31 August 2023 14,032
DEPRECIATION
Charge for period 3,508
At 31 August 2023 3,508
NET BOOK VALUE
At 31 August 2023 10,524

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 August 2023:

£   
Mr A G Wittenberg
Balance outstanding at start of period -
Amounts advanced 45
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 45

Dr P Marks
Balance outstanding at start of period (27 )
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period (27 )