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REGISTERED NUMBER: 07737403 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OTT SERVICE LTD

OTT SERVICE LTD (REGISTERED NUMBER: 07737403)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OTT SERVICE LTD

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: V Kudelko





REGISTERED OFFICE: Kensington Pavilion
96 Kensington High Street
London
W8 4SG





REGISTERED NUMBER: 07737403 (England and Wales)





AUDITORS: RFM Audit Services LLP, Statutory Auditor
Unit 1, Guest House Farm
Runshaw Lane
Euxton
Chorley
Lancashire
PR7 6HD

OTT SERVICE LTD (REGISTERED NUMBER: 07737403)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 1,259,100 2,584,689
Cash at bank 507,229 634,858
1,766,329 3,219,547
CREDITORS
Amounts falling due within one year 5 1,534,053 3,038,371
NET CURRENT ASSETS 232,276 181,176
TOTAL ASSETS LESS CURRENT LIABILITIES 232,276 181,176

CREDITORS
Amounts falling due after more than one
year

6

6,160

16,633
NET ASSETS 226,116 164,543

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 226,016 164,443
SHAREHOLDERS' FUNDS 226,116 164,543

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 June 2025 and were signed by:





V Kudelko - Director


OTT SERVICE LTD (REGISTERED NUMBER: 07737403)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

OTT Service Ltd 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company acts as agent and collects income on behalf of a principal. This income has not been recognised in revenue in the accounts of OTT Service Ltd.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

OTT SERVICE LTD (REGISTERED NUMBER: 07737403)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 736,448 1,780,646
Amounts owed by group undertakings 361,928 112,905
Other debtors 160,724 691,138
1,259,100 2,584,689

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,418 9,983
Trade creditors 183,456 1,332,415
Amounts owed to group undertakings 1,201,498 927,338
Corporation tax 116,775 601,765
Social security and other taxes - 145,115
Other creditors 21,906 21,755
1,534,053 3,038,371

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,160 16,633

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sarah Flynn FCA (Senior Statutory Auditor)
for and on behalf of RFM Audit Services LLP, Statutory Auditor

9. RELATED PARTY DISCLOSURES

During the year, consultancy fees of £32,295 (2023 £43,341) were paid to Vadim Kudelko, a director of the company.

All transactions with related parties within the group of companies were carried out at arms length.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is One Two Trip Ltd, a company incorporated in the British Virgin Islands.
After the year end, the ultimate controlling party changed to One Two Trip Ltd, a company incorporated in the United Arab Emirates.