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Company Registration No. 09714151 (England and Wales)
OTEP Limited Unaudited accounts for the year ended 31 December 2023
OTEP Limited Unaudited accounts Contents
Page
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OTEP Limited Company Information for the year ended 31 December 2023
Directors
Jonathan Baillie Beth Blood David Blood
Company Number
09714151 (England and Wales)
Registered Office
25 Ives Street London SW3 2ND
Accountants
Andrew Donaldson 17 Lake Walk Adderbury Banbury Oxon OX17 3PF
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OTEP Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
191,043 
186,120 
Cash at bank and in hand
12,817 
1,621 
203,860 
187,741 
Creditors: amounts falling due within one year
(406,932)
(904,092)
Net current liabilities
(203,072)
(716,351)
Net liabilities
(203,072)
(716,351)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(203,073)
(716,352)
Shareholders' funds
(203,072)
(716,351)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by
Beth Blood Director Company Registration No. 09714151
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OTEP Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
OTEP Limited is a private company, limited by shares, registered in England and Wales, registration number 09714151. The registered office is 25 Ives Street, London, SW3 2ND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
At 31 December 2023 the company had net liabilities of £203,072. The company is reliant on its ultimate parent foundation and the directors to fund its activities. This support is expected to continue.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
357 
Amounts falling due after more than one year
Trade debtors
954 
- 
Amounts due from group undertakings etc.
190,089 
185,763 
191,043 
185,763 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,335 
- 
Trade creditors
- 
3,912 
Loans from directors
402,097 
898,097 
Accruals
1,500 
2,083 
406,932 
904,092 
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OTEP Limited Notes to the Accounts for the year ended 31 December 2023
6
Transactions with related parties
During the period the directors loaned a further £70,000 (2022: £36,000) to the company and waived £566,000 of their loan. At the year end the company owed £402,097 (2022: £898,097) to the directors as reflected in note 5. This loan is repayable on demand.
7
Controlling party
The shares in the company are wholly owned by On The Edge Productions Ltd, a company based in England & Wales with the same registered office as the company. In turn the wholly owned share capital of On The Edge Productions is owned by On The Edge Conservation, a charity and company limited by guarantee based in England & Wales with the same registered office as the company. The trustees of On The Edge Conservation do not consider there to be an ultimate controlling party.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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