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Registered number: 03546482
ODU-UK Limited
Financial Statements
For The Year Ended 31 December 2024
Nigel Ricks & Company Ltd
Chartered Accountants
42 Glebe Street
Loughborough
Leicestershire
LE11 1JR
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 03546482
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,988 4,617
2,988 4,617
CURRENT ASSETS
Debtors 5 535,338 505,753
Cash at bank and in hand 53,105 28,376
588,443 534,129
Creditors: Amounts Falling Due Within One Year 6 (82,296 ) (85,565 )
NET CURRENT ASSETS (LIABILITIES) 506,147 448,564
TOTAL ASSETS LESS CURRENT LIABILITIES 509,135 453,181
NET ASSETS 509,135 453,181
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 509,133 453,179
SHAREHOLDERS' FUNDS 509,135 453,181
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nicholas Harper
Director
30th January 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
ODU-UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03546482 . The registered office is Rose Villa, 42 Glebe Street, Loughborough, Leicestershire, LE11 1JR. The company business address is Ground Floor, Unit 3a Whitworth Court, Manor Park, Runcorn, Cheshire, WA7 1WA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises recharges of operating costs to ODU GmbH & Co.KG, the parent company.
Where appropriate, turnover also comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% straight line basis
Fixtures & Fittings 25% straight line basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 31,227 43,815 75,042
Disposals (31,227 ) (4,650 ) (35,877 )
As at 31 December 2024 - 39,165 39,165
Depreciation
As at 1 January 2024 31,227 39,198 70,425
Provided during the period - 1,629 1,629
Disposals (31,227 ) (4,650 ) (35,877 )
As at 31 December 2024 - 36,177 36,177
Net Book Value
As at 31 December 2024 - 2,988 2,988
As at 1 January 2024 - 4,617 4,617
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 26,943 20,246
Deferred tax current asset 3,571 4,170
VAT 5,987 7,514
Amounts owed by other participating interests 498,837 473,823
535,338 505,753
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,716 5,049
Corporation tax 17,916 2,352
Other taxes and social security 5,739 7,706
Accruals and deferred income 56,925 70,458
82,296 85,565
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Page 4
7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2024 (4,170 ) (4,170)
Reversals 599 599
Balance at 31 December 2024 (3,571 ) (3,571)
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
9. Related Party Transactions
During the period the company made salary and overhead recharges of £562,845 (2023: £570,000) to ODU GmbH & Co. KG and incurred costs of £10,008 (2023: £10,177) from ODU GmbH & Co. KG. At the balance sheet date the amount due from ODU GmbH & Co. KG was £498,837 (2023: £473,823).
10. Ultimate Controlling Party
The company's ultimate controlling party is ODU Verwaltungs GmbH
Otto Dunkel GmbH, a subsidiary of ODU Verwaltungs GmbH, owns 100% of the share capital of ODU-UK Limited.
11. Audit Information
The auditor's report on the accounts of ODU-UK Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Nigel Ricks (Senior Statutory Auditor) for and on behalf of Nigel Ricks & Company Ltd , Statutory Auditor.
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