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REGISTERED NUMBER: 07824153 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

ORTELIO LTD

ORTELIO LTD (REGISTERED NUMBER: 07824153)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORTELIO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: E Arampatzis





REGISTERED OFFICE: Empress House
43a Binley Road
Coventry
CV3 1HU





REGISTERED NUMBER: 07824153 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants and Registered Auditors
Empress House
43A Binley Road
Coventry
CV3 1HU

ORTELIO LTD (REGISTERED NUMBER: 07824153)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 93,649 93,483
93,649 93,483

CURRENT ASSETS
Debtors 6 7,028 8
Cash at bank 48,178 89,754
55,206 89,762
CREDITORS
Amounts falling due within one year 7 15,540 26,228
NET CURRENT ASSETS 39,666 63,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,315

157,017

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 132,315 156,017
SHAREHOLDERS' FUNDS 133,315 157,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ORTELIO LTD (REGISTERED NUMBER: 07824153)

BALANCE SHEET - continued
31 OCTOBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 February 2025 and were signed by:





E Arampatzis - Director


ORTELIO LTD (REGISTERED NUMBER: 07824153)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Ortelio Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax and is recognised upon issue of invoices.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trade mark
The Trade Mark is amortised over a period of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

It is the company's policy to capitalise items in excess of £1000.

Foreign currencies
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 rate of exchange ruling at the date of each VAT quarter end. Exchange differences are taken into account in arriving at the operating result.

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.

Investments
The company makes investments in Venture Capital funds within Greece which provide Seed & Start Up funding to smaller businesses working within the Eco System sector. The investment is made in agreed instalments and the company policy is to treat each investment as separate without accruing for any future sums.

The investment is made in Euros and translated into Sterling at the date of investment. It is initially measured at cost and revalued at the end of each financial period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ORTELIO LTD (REGISTERED NUMBER: 07824153)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023
and 31 October 2024 5,053
AMORTISATION
At 1 November 2023
and 31 October 2024 5,053
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2023 93,483
Additions 6,793
Revaluations (3,100 )
Exchange differences (3,527 )
At 31 October 2024 93,649
NET BOOK VALUE
At 31 October 2024 93,649
At 31 October 2023 93,483

Cost or valuation at 31 October 2024 is represented by:

Other
investments
£   
Valuation in 2021 (1,688 )
Valuation in 2022 (359 )
Valuation in 2023 3,514
Valuation in 2024 (6,627 )
Cost 98,809
93,649

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 7,028 8

ORTELIO LTD (REGISTERED NUMBER: 07824153)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 600 -
Taxation and social security - 3,104
Other creditors 14,940 23,124
15,540 26,228

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000