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Company Registration No. 03028869 (England and Wales)
Odyssey Associates Ltd Unaudited accounts for the year ended 31 March 2025
Odyssey Associates Ltd Unaudited accounts Contents
Page
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Odyssey Associates Ltd Company Information for the year ended 31 March 2025
Director
Robert Riste-Smith
Secretary
Leigh Riste-Smith
Company Number
03028869 (England and Wales)
Registered Office
42 Sandy Brow, Waterlooville, Hampshire, PO7 5JR.
Accountants
Gordons Knight Ltd 12 South Drive Banstead Surrey England SM7 3BH
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Odyssey Associates Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
649 
Current assets
Cash at bank and in hand
3,659 
64,272 
Creditors: amounts falling due within one year
(974)
(60,372)
Net current assets
2,685 
3,900 
Net assets
2,685 
4,549 
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
2,680 
4,544 
Shareholders' funds
2,685 
4,549 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 April 2025 and were signed on its behalf by
Robert Riste-Smith Director Company Registration No. 03028869
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Odyssey Associates Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Odyssey Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 03028869. The registered office is 42 Sandy Brow,, Waterlooville, Hampshire, , PO7 5JR..
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% WDV
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Other Income
The company has received an incentivised switcher cashback which we understand is not taxable, and has been treated as such.
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Odyssey Associates Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2024
1,256 
Disposals
(1,256)
At 31 March 2025
- 
Depreciation
At 1 April 2024
607 
On disposals
(607)
At 31 March 2025
- 
Net book value
At 31 March 2025
- 
At 31 March 2024
649 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
(6,031)
(2,492)
Taxes and social security
(10,190)
(10,190)
Loans from directors
17,195 
73,054 
974 
60,372 
6
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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