Opposite The Edit Ltd 14411552 false 2022-10-11 2024-03-31 2024-03-31 The principal activity of the company is photographic activities. Digita Accounts Production Advanced 6.30.9574.0 true true true 14411552 2022-10-11 2024-03-31 14411552 2024-03-31 14411552 bus:OrdinaryShareClass1 2024-03-31 14411552 core:RetainedEarningsAccumulatedLosses 2024-03-31 14411552 core:ShareCapital 2024-03-31 14411552 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14411552 core:OfficeEquipment 2024-03-31 14411552 core:PlantMachinery 2024-03-31 14411552 bus:SmallEntities 2022-10-11 2024-03-31 14411552 bus:AuditExemptWithAccountantsReport 2022-10-11 2024-03-31 14411552 bus:FilletedAccounts 2022-10-11 2024-03-31 14411552 bus:SmallCompaniesRegimeForAccounts 2022-10-11 2024-03-31 14411552 bus:RegisteredOffice 2022-10-11 2024-03-31 14411552 bus:Director1 2022-10-11 2024-03-31 14411552 bus:OrdinaryShareClass1 2022-10-11 2024-03-31 14411552 bus:PrivateLimitedCompanyLtd 2022-10-11 2024-03-31 14411552 core:RetainedEarningsAccumulatedLosses 2022-10-11 2024-03-31 14411552 core:ShareCapital 2022-10-11 2024-03-31 14411552 core:OfficeEquipment 2022-10-11 2024-03-31 14411552 core:PlantMachinery 2022-10-11 2024-03-31 14411552 1 2022-10-11 2024-03-31 14411552 countries:UnitedKingdom 2022-10-11 2024-03-31 14411552 2022-10-10 14411552 core:RetainedEarningsAccumulatedLosses 2022-10-10 14411552 core:ShareCapital 2022-10-10 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14411552

Opposite The Edit Ltd

Annual Report and Unaudited Financial Statements

for the Period from 11 October 2022 to 31 March 2024

 

Opposite The Edit Ltd

Company Information

Director

Ms Anne-Sophie Heist

Registered office

9 Berners Place
London
W1T 3AD

Accountants

Mehta & Tengra
9 Berners Place
London
W1T 3AD

 

Opposite The Edit Ltd

(Registration number: 14411552)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

8,532

Current assets

 

Cash at bank and in hand

 

41,264

Creditors: Amounts falling due within one year

5

(41,308)

Net current liabilities

 

(44)

Net assets

 

8,488

Capital and reserves

 

Called up share capital

6

1,000

Retained earnings

7,488

Shareholders' funds

 

8,488

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 August 2024
 

Ms Anne-Sophie Heist
Director

   
     
 

Opposite The Edit Ltd

Statement of Changes in Equity for the Period from 11 October 2022 to 31 March 2024

Share capital
£

Retained earnings
£

Total
£

At 11 October 2022

1,000

-

1,000

Profit for the period

-

7,488

7,488

At 31 March 2024

1,000

7,488

8,488

 

Opposite The Edit Ltd

Notes to the Unaudited Financial Statements for the Period from 11 October 2022 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
9 Berners Place
London
W1T 3AD
United Kingdom

These financial statements were authorised for issue by the director on 2 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Opposite The Edit Ltd

Notes to the Unaudited Financial Statements for the Period from 11 October 2022 to 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on cost.

Office equipment

25% on cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Opposite The Edit Ltd

Notes to the Unaudited Financial Statements for the Period from 11 October 2022 to 31 March 2024

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

Additions

8,627

2,749

11,376

At 31 March 2024

8,627

2,749

11,376

Depreciation

Charge for the period

2,157

687

2,844

At 31 March 2024

2,157

687

2,844

Carrying amount

At 31 March 2024

6,470

2,062

8,532

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

333

Accruals and deferred income

1,900

Shareholders loan accounts

39,075

41,308

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary shares of £1 each

1,000

1,000

   

7

Parent and ultimate parent undertaking

The ultimate controlling party is Anne-Sophie Heist.