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REGISTERED NUMBER: 11209475 (England and Wales)














Financial Statements for the Year Ended 29 February 2024

for

Openuk

Openuk (Registered number: 11209475)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Openuk

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr I A Burgess
Mx T S Eden
Ms D M Foster
Mr M Jarvis
Mr R A Mcqueen
Ms L J Mitchell
Ms L Rice
Dr R A Rumbul
Mr T R Telford
Ms E Thwaites
Mr A A Wafaa
Mr M R Woodward
Miss A C Brock
Mr H R Parekh





REGISTERED OFFICE: 8 Coldbath Square
London
United Kingdom
EC1R 5HL





REGISTERED NUMBER: 11209475 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Openuk (Registered number: 11209475)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,325 3,003

CURRENT ASSETS
Debtors 5 86,612 106,341
Cash at bank 15,989 35,603
102,601 141,944
CREDITORS
Amounts falling due within one year 6 (116,085 ) (133,792 )
NET CURRENT (LIABILITIES)/ASSETS (13,484 ) 8,152
TOTAL ASSETS LESS CURRENT LIABILITIES (11,159 ) 11,155

RESERVES
Income and expenditure account (11,159 ) 11,155
(11,159 ) 11,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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.

Openuk (Registered number: 11209475)

Balance Sheet - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





Mr I A Burgess - Director


Openuk (Registered number: 11209475)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Openuk is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

Openuk (Registered number: 11209475)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 3,003
DEPRECIATION
Charge for year 678
At 29 February 2024 678
NET BOOK VALUE
At 29 February 2024 2,325
At 28 February 2023 3,003

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 28,762 91,916
Other debtors 57,850 14,425
86,612 106,341

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 32,359 12,734
Taxation and social security 7,750 1,657
Other creditors 75,976 119,401
116,085 133,792