Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-01-103falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalsetruefalse 14580951 2023-01-09 14580951 2023-01-10 2024-01-31 14580951 2022-02-01 2023-01-09 14580951 2024-01-31 14580951 c:Director1 2023-01-10 2024-01-31 14580951 d:CurrentFinancialInstruments 2024-01-31 14580951 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14580951 d:ShareCapital 2023-01-10 2024-01-31 14580951 d:ShareCapital 2024-01-31 14580951 d:RetainedEarningsAccumulatedLosses 2023-01-10 2024-01-31 14580951 d:RetainedEarningsAccumulatedLosses 2024-01-31 14580951 c:OrdinaryShareClass1 2023-01-10 2024-01-31 14580951 c:OrdinaryShareClass1 2024-01-31 14580951 c:FRS102 2023-01-10 2024-01-31 14580951 c:AuditExempt-NoAccountantsReport 2023-01-10 2024-01-31 14580951 c:FullAccounts 2023-01-10 2024-01-31 14580951 c:PrivateLimitedCompanyLtd 2023-01-10 2024-01-31 14580951 e:PoundSterling 2023-01-10 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14580951










OTONOMOS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2024

 
OTONOMOS LTD
REGISTERED NUMBER: 14580951

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1

Cash at bank and in hand
 5 
1,540

  
1,541

Creditors: amounts falling due within one year
 6 
(449,625)

Net current (liabilities)/assets
  
 
 
(448,084)

Total assets less current liabilities
  
(448,084)

  

Net (liabilities)/assets
  
(448,084)


Capital and reserves
  

Called up share capital 
 7 
1

Profit and loss account
  
(448,085)

  
(448,084)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S Platt-Ransom
Director

Date: 28 January 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
OTONOMOS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JANUARY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Loss for the period
-
(448,085)
(448,085)

Shares issued during the period
1
-
1


At 31 January 2024
1
(448,085)
(448,084)

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
OTONOMOS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

Otonomos Ltd is a private company limited by shares incorporated in England and Wales. The registered office address is Dept 3580, 601 International House 223 Regent Street, Mayfair, London, United Kingdom, W1B 2QD

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered the ability of the Company to continue trading for the foreseeable future. This review has included considering financial projections to the date of signing of the financial statements. Based on this review and taken together with existing financing facilities the directors believe that the financial statements have been prepared appropriately on the going concern basis.

The parent company has indicated their continued support for the company for a period of 12 months from the balance sheet date.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
OTONOMOS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

3.


Employees

The average monthly number of employees, including the director, during the period was as follows:


     Period ended
      31 January
        2024
            No.






Director
1



Staff
2

3


4.


Debtors

2024
£


Other debtors
1

1



5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
1,540

1,540



6.


Creditors: Amounts falling due within one year

2024
£

Amounts owed to group undertakings
345,561

Other taxation and social security
84,850

Other creditors
16,214

Accruals and deferred income
3,000

449,625


Page 4

 
OTONOMOS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

7.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £0.01 each
1


Upon incorporation Otonomos Limited issued 100 Ordinary shares of £0.01 each at par value.


8.


Related party transactions

The Company has taken advantage of the disclosure exemption available per paragraph 33.1A of FRS 102 whereby it has not disclosed transactions with the ultimate parent company or any wholly own subsidiary of the group.


9.


Controlling party

The ultimate parent undertaking is Otonomos Holdings Ltd, a company registered in Cayman Islands. 
The immediate parent undertaking is OtoCorp Limited, a company registered in Bahamas.
The largest and smallest group of undertakings for which group accounts for the year ending 31 January 2024 have been drawn up, is that headed by Otonomos Holdings Ltd. Copies of the group accounts are available from Governors Square, #5-204, 23 Lime Tree Bay Avenue, Grand Cayman, Cayman Islands, KY1-1108.


Page 5