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OTT RISK UK LIMITED

Registered Number
13198536
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

OTT RISK UK LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

QUAYLE, Timothy Andrew Hardy
SALEUR, Quentin
SOLOFF, David Lawrence

Company Secretary

TAYLOR WESSING SECRETARIES LIMITED

Registered Address

5 New Street Square
London
EC4A 3TW

Registered Number

13198536 (England and Wales)
OTT RISK UK LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets31,6902,157
1,6902,157
Current assets
Debtors6,702-
Cash at bank and on hand41,85491,845
48,55691,845
Creditors amounts falling due within one year4(1,240,333)(881,594)
Net current assets (liabilities)(1,191,777)(789,749)
Total assets less current liabilities(1,190,087)(787,592)
Net assets(1,190,087)(787,592)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account(1,191,087)(788,592)
Shareholders' funds(1,190,087)(787,592)
The financial statements were approved and authorised for issue by the Board of Directors on 3 September 2024, and are signed on its behalf by:
SALEUR, Quentin
Director
Registered Company No. 13198536
OTT RISK UK LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment20
2.Average number of employees

20232022
Average number of employees during the year02
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 233,3713,371
At 31 December 233,3713,371
Depreciation and impairment
At 01 January 231,2141,214
Charge for year467467
At 31 December 231,6811,681
Net book value
At 31 December 231,6901,690
At 31 December 222,1572,157
4.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties1,225,793879,938
Accrued liabilities and deferred income14,5401,656
Total1,240,333881,594
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.