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REGISTERED NUMBER: 02721790 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

OPENSTREAM LIMITED

OPENSTREAM LIMITED (REGISTERED NUMBER: 02721790)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OPENSTREAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr R N Gwilliam





SECRETARY: Mrs J P Gwilliam





REGISTERED OFFICE: 12 Kynegils Road
Winchester
Hampshire
SO22 6DF





REGISTERED NUMBER: 02721790 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

OPENSTREAM LIMITED (REGISTERED NUMBER: 02721790)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,578 2,104

CURRENT ASSETS
Debtors 5 100,856 59,609
Cash at bank 25,170 24,130
126,026 83,739
CREDITORS
Amounts falling due within one year 6 (126,424 ) (84,846 )
NET CURRENT LIABILITIES (398 ) (1,107 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,180 997

PROVISIONS FOR LIABILITIES 8 (300 ) (400 )
NET ASSETS 880 597

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 780 497
SHAREHOLDERS' FUNDS 880 597

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 director acknowledges his 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.

OPENSTREAM LIMITED (REGISTERED NUMBER: 02721790)

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 21 March 2025 and were signed by:





Mr R N Gwilliam - Director


OPENSTREAM LIMITED (REGISTERED NUMBER: 02721790)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Openstream 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.

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.

There are net current liabilities of £398 (2023: £1,107) at the balance sheet date.

The director has given assurances that he will support the company to meet its day to day liabilities as and when they fall due.

In view of this, the director is of the opinion that the going concern basis is appropriate in the preparation of the company's financial statements.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 reducing balance
Computer equipment - 25% 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.

OPENSTREAM LIMITED (REGISTERED NUMBER: 02721790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 21,654 13,369 35,023
DEPRECIATION
At 1 September 2023 21,557 11,362 32,919
Charge for year 24 502 526
At 31 August 2024 21,581 11,864 33,445
NET BOOK VALUE
At 31 August 2024 73 1,505 1,578
At 31 August 2023 97 2,007 2,104

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 100,856 59,609

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts (see note 7) 9,538 9,466
Taxation and social security 116,886 75,380
126,424 84,846

7. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 9,538 9,466

OPENSTREAM LIMITED (REGISTERED NUMBER: 02721790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax
Accelerated capital allowances 300 400

Deferred
tax
£   
Balance at 1 September 2023 400
Provided during year (100 )
Balance at 31 August 2024 300

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
Mr R N Gwilliam
Balance outstanding at start of year 59,609 46,384
Amounts advanced 133,512 141,605
Amounts repaid (100,525 ) (128,380 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 92,596 59,609