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REGISTERED NUMBER: 13611569 (England and Wales)















Financial Statements

for the Year Ended 30 June 2024

for

Open Comparison Broking Ltd

Open Comparison Broking Ltd (Registered number: 13611569)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Open Comparison Broking Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J W Connelly
J E Steffens





SECRETARY: D C A Barrett





REGISTERED OFFICE: 5th Floor
29 Peter Street
Manchester
England
M2 5QJ





REGISTERED NUMBER: 13611569 (England and Wales)





AUDITORS: WP Audit Services LLP
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Open Comparison Broking Ltd (Registered number: 13611569)

Statement of Financial Position
30 June 2024

30/6/24 30/6/23
Notes £    £   
FIXED ASSETS
Tangible assets 5 68,064 -

CURRENT ASSETS
Debtors 6 1,228,178 203,179
Cash at bank 43,172 63,730
1,271,350 266,909
CREDITORS
Amounts falling due within one year 7 (557,858 ) (142,962 )
NET CURRENT ASSETS 713,492 123,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

781,556

123,947

CAPITAL AND RESERVES
Called up share capital 200 100
Retained earnings 781,356 123,847
781,556 123,947

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 Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by:





J W Connelly - Director


Open Comparison Broking Ltd (Registered number: 13611569)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Open Comparison Broking 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 3 years
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 1 ) .

Open Comparison Broking Ltd (Registered number: 13611569)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
Additions 26,592 42,486 69,078
At 30 June 2024 26,592 42,486 69,078
Depreciation
Charge for year 1,014 - 1,014
At 30 June 2024 1,014 - 1,014
Net book value
At 30 June 2024 25,578 42,486 68,064

6. DEBTORS
30/6/24 30/6/23
£    £   
Amounts falling due within one year:
Trade debtors 241,401 3,272
Other debtors 32,544 2,499
Prepayments and accrued income 664,314 197,408
938,259 203,179

Amounts falling due after more than one year:
Prepayments and accrued income 289,919 -

Aggregate amounts 1,228,178 203,179

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors 102,356 55,248
Amounts owed to group undertakings 99,322 28,159
Tax 219,169 37,992
Social security and other taxes 10,486 -
Other creditors and accruals 126,525 21,563
557,858 142,962

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Carpenter (FCA) (Senior Statutory Auditor)
for and on behalf of WP Audit Services LLP

Open Comparison Broking Ltd (Registered number: 13611569)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. ULTIMATE CONTROLLING PARTY

The immediate parent company is Centurian 888 Global Limited, a company registered in Jersey. The ultimate controlling party are the trustees of Centurian Enterprise Trust, registered in Jersey.