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OPEN PARTNERSHIP SOLUTIONS LIMITED

Registered Number
05276640
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

OPEN PARTNERSHIP SOLUTIONS LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

HARDING, Nicola Tracey
HARDING, Stephen John

Registered Address

26 Berkeley Square
Clifton
Bristol
BS8 1HP

Registered Number

05276640 (England and Wales)
OPEN PARTNERSHIP SOLUTIONS LIMITED
Statement of Financial Position
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,6093,479
2,6093,479
Current assets
Debtors180,793147,454
Current asset investments426426
Cash at bank and on hand38,679120,914
219,898268,794
Creditors amounts falling due within one year4(110,238)(141,894)
Net current assets (liabilities)109,660126,900
Total assets less current liabilities112,269130,379
Net assets112,269130,379
Capital and reserves
Called up share capital100100
Profit and loss account112,169130,279
Shareholders' funds112,269130,379
The financial statements were approved and authorised for issue by the Board of Directors on 5 December 2024, and are signed on its behalf by:
HARDING, Nicola Tracey
Director
HARDING, Stephen John
Director

Registered Company No. 05276640
OPEN PARTNERSHIP SOLUTIONS LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 November 2312,33312,333
At 31 October 2412,33312,333
Depreciation and impairment
At 01 November 238,8548,854
Charge for year870870
At 31 October 249,7249,724
Net book value
At 31 October 242,6092,609
At 31 October 233,4793,479
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3632,428
Other creditors14,38244,373
Accrued liabilities and deferred income95,49395,093
Total110,238141,894
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.