4 4 Oberthur Fiduciaire UK Limited 07664768 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the provision of support services to the immediate parent company. Digita Accounts Production Advanced 6.30.9574.0 true false true 07664768 2024-01-01 2024-12-31 07664768 2024-12-31 07664768 bus:OrdinaryShareClass1 2024-12-31 07664768 core:CurrentFinancialInstruments 2024-12-31 07664768 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 07664768 core:FurnitureFittings 2024-12-31 07664768 bus:SmallEntities 2024-01-01 2024-12-31 07664768 bus:Audited 2024-01-01 2024-12-31 07664768 bus:FilletedAccounts 2024-01-01 2024-12-31 07664768 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07664768 bus:RegisteredOffice 2024-01-01 2024-12-31 07664768 bus:CompanySecretary1 2024-01-01 2024-12-31 07664768 bus:Director1 2024-01-01 2024-12-31 07664768 bus:Director3 2024-01-01 2024-12-31 07664768 bus:Director4 2024-01-01 2024-12-31 07664768 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 07664768 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07664768 bus:Agent1 2024-01-01 2024-12-31 07664768 core:FurnitureFittings 2024-01-01 2024-12-31 07664768 core:OfficeEquipment 2024-01-01 2024-12-31 07664768 1 2024-01-01 2024-12-31 07664768 countries:EnglandWales 2024-01-01 2024-12-31 07664768 2023-12-31 07664768 core:FurnitureFittings 2023-12-31 07664768 2023-01-01 2023-12-31 07664768 2023-12-31 07664768 bus:OrdinaryShareClass1 2023-12-31 07664768 core:CurrentFinancialInstruments 2023-12-31 07664768 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07664768 core:FurnitureFittings 2023-12-31 07664768 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 07664768

Oberthur Fiduciaire UK Limited

Filleted Financial Statements

for the Year Ended 31 December 2024

 

Oberthur Fiduciaire UK Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 9

 

Oberthur Fiduciaire UK Limited

Company Information

Directors

Francois-Charles Oberthur SAS

E Couelle

T Savare

Company secretary

Frenger Business Services Ltd

Registered office

Wilberforce House
Station Road
London
NW4 4QE

Auditors

Bourner Bullock Chartered Accountants
114 St Martin's Lane
Covent Garden
London
WC2N 4BE

 

Oberthur Fiduciaire UK Limited

(Registration number: 07664768)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6

350

1,075

Current assets

 

Debtors

7

191,826

161,657

Cash at bank and in hand

 

58,696

134,856

 

250,522

296,513

Creditors: Amounts falling due within one year

8

(93,349)

(70,607)

Net current assets

 

157,173

225,906

Net assets

 

157,523

226,981

Capital and reserves

 

Called up share capital

9

100,000

100,000

Retained earnings

57,523

126,981

Shareholders' funds

 

157,523

226,981

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 April 2025 and signed on its behalf by:
 

.........................................
T Savare
Director

 

Oberthur Fiduciaire UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wilberforce House
Station Road
London
NW4 4QE
United Kingdom

Principal activity

The principal activity of the Company is the provision of support services to the immediate parent company.

These financial statements were authorised for issue by the Board on 25 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

These financial statements have been prepared on the going concern basis, which assumes that the company will be able to meet its financial obligations as they fall due for payment for the foreseeable future. The company is reliant upon the continued support of its parent company to be able to do this. The parent company has indicated to the directors, that support will be provided as it is required.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

 

Oberthur Fiduciaire UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

 

Oberthur Fiduciaire UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Financial instruments

Classification
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Oberthur Fiduciaire UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Oberthur Fiduciaire UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

3

Significant judgements and key sources of estimation uncertainty

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Directors' opinion there are no significant judgements or key sources of estimation uncertainty.

4

Summary audit opinion

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 25 April 2025 was Hannah Fowlie, who signed for and on behalf of Bourner Bullock.

5

Staff numbers

The average number of persons employed by the Company (including directors) during the year, was 4 (2023 - 4).

6

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 January 2024

10,771

10,771

At 31 December 2024

10,771

10,771

Depreciation

At 1 January 2024

9,696

9,696

Charge for the year

725

725

At 31 December 2024

10,421

10,421

Carrying amount

At 31 December 2024

350

350

At 31 December 2023

1,075

1,075

 

Oberthur Fiduciaire UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

7

Debtors

Note

2024
£

2023
£

Amounts owed by Group undertakings and undertakings in which the Company has a participating interest

181,096

151,219

Prepayments

 

9,173

9,544

Other debtors

 

1,557

894

 

191,826

161,657

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

9,450

11,414

Taxation and social security

27,320

26,283

Accruals and deferred income

56,579

32,910

93,349

70,607

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100,000

100,000

100,000

100,000

       
 

Oberthur Fiduciaire UK Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

10

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £1.00 (2023 - £Nil) per each Ordinary shares

100,000

-

 

 

11

Parent and ultimate parent undertaking

The Company's immediate parent is Oberthur Fiduciaire SAS, incorporated in France.

 The ultimate parent is Francois-Charles Oberthur SAS, incorporated in France.

 The most senior parent entity producing publicly available financial statements is Francois-Charles Oberthur SAS. These financial statements are available upon request from 7 Avenue Messine, CS 30003, 75384 Paris Cedex 8.