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REGISTERED NUMBER: 08322164 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

OPENSTAGEIT LIMITED

OPENSTAGEIT LIMITED (REGISTERED NUMBER: 08322164)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OPENSTAGEIT LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2024







DIRECTORS: Q C M Solt
R Jones
D R Ffoulkes-Jones
T T Joyce





SECRETARY:





REGISTERED OFFICE: 2 High Street
Chobham
Surrey
GU24 8AA





REGISTERED NUMBER: 08322164 (England and Wales)





ACCOUNTANTS: Kingfisher Business Advisors Ltd
Chartered Accountants
2 High St
Chobham
Woking
Surrey
GU24 8AA

OPENSTAGEIT LIMITED (REGISTERED NUMBER: 08322164)

BALANCE SHEET
30 November 2024

30.11.24 30.11.23
as restated
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 236,816 167,157
Tangible assets 5 10,037 10,745
246,853 177,902

CURRENT ASSETS
Debtors 6 131,112 85,752
Cash at bank 366,895 127,424
498,007 213,176
CREDITORS
Amounts falling due within one year 7 192,959 83,546
NET CURRENT ASSETS 305,048 129,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

551,901

307,532

PROVISIONS FOR LIABILITIES 1,907 2,041
NET ASSETS 549,994 305,491

CAPITAL AND RESERVES
Called up share capital 8 2,616 2,513
Share premium 9 4,290,218 3,506,623
Retained earnings 9 (3,742,840 ) (3,203,645 )
SHAREHOLDERS' FUNDS 549,994 305,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

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 Board of Directors and authorised for issue on 1 July 2025 and were signed on its behalf by:



R Jones - Director


OPENSTAGEIT LIMITED (REGISTERED NUMBER: 08322164)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Openstageit 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.

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

Research & development costs
The Company has capitalised Research and Development costs relating to the development of the global geo-funding digital platform known as "Openstage". The Directors are confident, with a high degree of certainty, that future economic benefits will directly benefit the Company over a an estimated useful life of 4 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 10 ) .

OPENSTAGEIT LIMITED (REGISTERED NUMBER: 08322164)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2023 1,037,924
Additions 196,257
At 30 November 2024 1,234,181
AMORTISATION
At 1 December 2023 870,767
Charge for year 126,598
At 30 November 2024 997,365
NET BOOK VALUE
At 30 November 2024 236,816
At 30 November 2023 167,157

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023 15,974
Additions 2,561
At 30 November 2024 18,535
DEPRECIATION
At 1 December 2023 5,229
Charge for year 3,269
At 30 November 2024 8,498
NET BOOK VALUE
At 30 November 2024 10,037
At 30 November 2023 10,745

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
as restated
£    £   
Trade debtors 93,914 26,696
Other debtors 37,198 59,056
131,112 85,752

OPENSTAGEIT LIMITED (REGISTERED NUMBER: 08322164)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
as restated
£    £   
Bank loans and overdrafts 1,693 -
Trade creditors 36,213 20,260
Taxation and social security 95,799 26,975
Other creditors 59,254 36,311
192,959 83,546

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: as restated
£    £   
169,611 Ordinary 1 pence 2,616 2,513

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 December 2023 (3,203,645 ) 3,506,623 302,978
Deficit for the year (539,195 ) (539,195 )
Cash share issue - 783,595 783,595
At 30 November 2024 (3,742,840 ) 4,290,218 547,378