REGISTERED NUMBER: 14237430 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ORDERLY TRANSITION LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr P Marks

Mr A G Wittenberg

REGISTERED OFFICE:

8 Waterlow Court

Heath Close

London

NW11 7DT

REGISTERED NUMBER:

14237430 (England and Wales)

ACCOUNTANTS:

Raffingers Holdings Limited

Chartered Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Intangible assets

4

890,870

287,210

Tangible assets

5

20,465

10,524

911,335

297,734

CURRENT ASSETS

Debtors

267,139

200,551

Cash at bank and in hand

2,098,062

264,692

2,365,201

465,243

CREDITORS

Amounts falling due within one year

64,322

13,829

NET CURRENT ASSETS

2,300,879

451,414

TOTAL ASSETS LESS CURRENT LIABILITIES

3,212,214

749,148

CAPITAL AND RESERVES

Called up share capital

2

1

Share premium

3,782,768

974,991

Retained earnings

(570,556

)

(225,844

)

3,212,214

749,148

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 February 2025 and were signed on its behalf by:

Mr A G Wittenberg - Director

1.	STATUTORY INFORMATION

Orderly Transition Limited 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.

Going concern

The directors continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future. The directors are of the opinion that the company will be able to meet any liabilities as and when due with the continued support of the directors.

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

-

25% on cost

Computer equipment

-

25% on cost

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.

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 transaction. 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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Research and development expenditure

Expenditure on research activities is recognised as an expense in the period in which it is incurred.

In the event that an internally generated intangible asset arises from the company's development activities then it will be recognised only if all of the following conditions are met:

- An asset is created that can be identified;

- The project from which the asset arises meets the company's criteria for assessing technical feasibility;

- It is probable that the asset created will generate future economic benefits; and

- The development cost of the asset can be measured reliably.

Internally generated intangible assets are amortised on a straight-line basis over their useful lives. Where no internally generated intangible asset can be recognised, development expenditure is recognised as an expense in the period in which it is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2023

287,210

Additions

603,660

At 31 August 2024

890,870

NET BOOK VALUE

At 31 August 2024

890,870

At 31 August 2023

287,210

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2023

14,032

Additions

17,932

At 31 August 2024

31,964

DEPRECIATION

At 1 September 2023

3,508

Charge for year

7,991

At 31 August 2024

11,499

NET BOOK VALUE

At 31 August 2024

20,465

At 31 August 2023

10,524

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 August 2024 and the period ended 31 August 2023:

2024

2023

£

£

Mr A G Wittenberg

Balance outstanding at start of year

45

-

Amounts advanced

228

45

Amounts repaid

(45

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

228

45

Dr P Marks

Balance outstanding at start of year

(27

)

(27

)

Amounts advanced

396

-

Amounts repaid

27

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

396

(27

)