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REGISTERED NUMBER: 03990406 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Otos Limited

Otos Limited (Registered number: 03990406)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 9


Otos Limited

Company Information
for the Year Ended 31 January 2025







Directors: C R Bacon
Mrs A E J Wilson





Registered office: 27 Market Place
Market Deeping
Peterborough
PE6 8EA





Business address: St Benedicts Priory
1 Broadgate Lane
Deeping St James
Peterborough
PE6 8NW





Registered number: 03990406 (England and Wales)





Accountants: Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Otos Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Otos Limited for the year ended 31 January 2025 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Otos Limited, as a body, in accordance with the terms of our engagement letter dated 7 March 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Otos Limited and state those matters that we have agreed to state to the Board of Directors of Otos Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Otos Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Otos Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Otos Limited. You consider that Otos Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Otos Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA


22 April 2025

Otos Limited (Registered number: 03990406)

Statement of Financial Position
31 January 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible assets 5 16,500 21,913
Investments 6 1,566,511 1,242,755
1,583,011 1,264,668

Current assets
Stocks 218 381
Debtors 7 17,366 258
Investments 8 9,985 -
Cash at bank 273,781 227,744
301,350 228,383
Creditors
Amounts falling due within one year 9 5,642 12,602
Net current assets 295,708 215,781
Total assets less current liabilities 1,878,719 1,480,449

Provisions for liabilities 115,143 9,243
Net assets 1,763,576 1,471,206

Capital and reserves
Called up share capital 11 2 2
Non-distributable reserve 12 616,104 182,144
Retained earnings 12 1,147,470 1,289,060
Shareholders' funds 1,763,576 1,471,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Otos Limited (Registered number: 03990406)

Statement of Financial Position - continued
31 January 2025


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 17 April 2025 and were signed on its behalf by:





C R Bacon - Director


Otos Limited (Registered number: 03990406)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. Statutory information

Otos 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 (£).


The place of business is St Benedicts Priory, 1 Broadgate Lane, Peterborough, PE6 8NW.

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 as modified by the revaluation of certain assets.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Investment income is recognised when the right to receive payment as established and rental income from operating leases where substantially all of the benefits and risk of ownership remain with the lessor are recognised on a straight line basis over the period of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on a straight line basis

Estimation of useful life

The useful economic life used to depreciate tangible fixed assets relates to the expected future
performance of the assets acquired and management's estimate of the period over which economic benefit will be derived from the asset.

Estimation of residual value

The residual value of an asset is the estimated fair value of that asset at the end of its useful
economic life and therefore is also dependent upon the estimation of that life span. Historically, changes to the useful economic life and residual values have not had a material impact on the depreciation amount charged to the profit and loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Otos Limited (Registered number: 03990406)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


3. Accounting policies - continued

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 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.

Investments
Fixed asset investments are held at fair value with movements recongnised through the Statement of Income and Retained Earnings.

4. Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

Otos Limited (Registered number: 03990406)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 February 2024 1,640 50,930 2,947 55,517
Additions - - 291 291
At 31 January 2025 1,640 50,930 3,238 55,808
Depreciation
At 1 February 2024 1,626 29,444 2,534 33,604
Charge for year 3 5,371 330 5,704
At 31 January 2025 1,629 34,815 2,864 39,308
Net book value
At 31 January 2025 11 16,115 374 16,500
At 31 January 2024 14 21,486 413 21,913

6. Fixed asset investments

2025 2024
£    £   
Shares in group undertakings 100 -
Other investments not loans 1,566,411 1,242,755
1,566,511 1,242,755

Additional information is as follows:
Shares in
group Listed
undertakings investments Totals
£    £    £   
Cost or valuation
At 1 February 2024 - 1,242,755 1,242,755
Additions 100 92,376 92,476
Disposals - (244,585 ) (244,585 )
Revaluations - 427,579 427,579
At 31 January 2025 100 1,518,125 1,518,225
Net book value
At 31 January 2025 100 1,518,125 1,518,225
At 31 January 2024 - 1,242,755 1,242,755


Investments (neither listed nor unlisted) were as follows:
2025 2024
£    £   
Additions 41,905 -
Revaluations 6,381 -

Otos Limited (Registered number: 03990406)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


6. Fixed asset investments - continued
48,286 -

7. Debtors
2025 2024
£    £   
Amounts falling due within one year:
Prepayments and accrued income 6,716 258

Amounts falling due after more than one year:
Amounts owed by group undertakings 10,650 -

Aggregate amounts 17,366 258

8. Current asset investments
2025 2024
£    £   
Current asset investments 9,985 -

9. Creditors: amounts falling due within one year
2025 2024
£    £   
Corporation tax - 5,300
VAT 2,373 4,220
Accruals and deferred income 3,269 3,082
5,642 12,602

10. Financial instruments at fair value

Financial assets measured at fair value through profit or loss £1,566,411 (2024 - £1,242,755)

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
2 Ordinary £1 2 2

Otos Limited (Registered number: 03990406)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


12. Reserves
Retained Non-distributable
earnings reserve Totals
£    £    £   

At 1 February 2024 1,289,060 182,144 1,471,204
Profit for the year 293,370 293,370
Dividends (1,000 ) (1,000 )
Revaluation adjustment (433,960 ) 433,960 -
At 31 January 2025 1,147,470 616,104 1,763,574

13. Related party disclosures

The company was under the joint control of the directors and shareholder C R Bacon and
Mrs A E J Wilson throughout the current and previous year.