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Registered number: 09626599
OYNB Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09626599
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 337
Tangible Assets 5 3,487 3,022
Investments 6 2,668 2,668
6,155 6,027
CURRENT ASSETS
Debtors 7 15,778 35,582
Cash at bank and in hand 135,050 161,182
150,828 196,764
Creditors: Amounts Falling Due Within One Year 8 (4,085,361 ) (961,246 )
NET CURRENT ASSETS (LIABILITIES) (3,934,533 ) (764,482 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,928,378 ) (758,455 )
Creditors: Amounts Falling Due After More Than One Year 9 (359,500 ) (244,854 )
NET LIABILITIES (4,287,878 ) (1,003,309 )
CAPITAL AND RESERVES
Called up share capital 10 291 291
Share premium account 4,679,108 4,679,108
Profit and Loss Account (8,967,277 ) (5,682,708 )
SHAREHOLDERS' FUNDS (4,287,878) (1,003,309)
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For the year ending 31 December 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ruari Fairbairns
Director
16/07/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
OYNB Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09626599 . The registered office is 71-75 Shelton Street Covent Garden, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
These financial statements have been prepared on the basis that the company will continue to be a going concern. The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are Trade Marks It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.6. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 4)
6 4
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4. Intangible Assets
Development Costs Intellectual Property Total
£ £ £
Cost
As at 1 January 2024 81,752 1,388 83,140
As at 31 December 2024 81,752 1,388 83,140
Amortisation
As at 1 January 2024 81,752 1,051 82,803
Provided during the period - 337 337
As at 31 December 2024 81,752 1,388 83,140
Net Book Value
As at 31 December 2024 - - -
As at 1 January 2024 - 337 337
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 2,075 15,020 17,095
Additions - 2,023 2,023
Disposals - (12,801 ) (12,801 )
As at 31 December 2024 2,075 4,242 6,317
Depreciation
As at 1 January 2024 1,064 13,009 14,073
Provided during the period 561 997 1,558
Disposals - (12,801 ) (12,801 )
As at 31 December 2024 1,625 1,205 2,830
Net Book Value
As at 31 December 2024 450 3,037 3,487
As at 1 January 2024 1,011 2,011 3,022
6. Investments
Subsidiaries
£
Cost
As at 1 January 2024 2,668
As at 31 December 2024 2,668
Provision
As at 1 January 2024 -
As at 31 December 2024 -
...CONTINUED
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Net Book Value
As at 31 December 2024 2,668
As at 1 January 2024 2,668
The following Investments are held at cost:
  • OYNB Spain SL: 3,000 shares of €1 each
  • Coaching for Leaders Ltd: 1 share of £1
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 12,176 35,225
Other debtors 3,602 357
15,778 35,582
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 86,452 52,850
Bank loans and overdrafts - 557
Other taxes and social security 7,241 9,831
VAT 963 12,111
Other creditors 191,104 1,392
Accruals and deferred income 6,711 66,857
Directors' loan accounts 79,654 89,338
Amounts owed to subsidiaries 3,713,236 728,310
4,085,361 961,246
Included within other creditors is an amount of £189,990.64 received in respect of shares for which allotment had not been completed as at the balance sheet date. The amount has been classified within creditors pending formal issue and allotment of the corresponding shares.
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 359,500 244,854
During the year ending December 2024, the company issued a £85,000 unsecured convertible loan. The loan carries interest at 10% per annum. If the loan is not converted, the principal amount is repayable in full on maturity.
The effective interest rate on initial recognition is 10% per annum
As at 31 December 2024, no conversion has occurred.
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 291 291
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11. Post Balance Sheet Events
Subsequent to the year end, the company’s subsidiary, OYNB Spain, ceased operations and was formally closed. The closure is not expected to have a material impact on the group’s financial position. This event is considered a non-adjusting post balance sheet event, and as such, no adjustments have been made to the financial statements in respect of this matter.
12. Related Party Transactions
As at 31 December 2024, the company owed £3,713,236 (2023: £728,310) to Coaching For Leaders Ltd, a wholly owned subsidiary. The loans were interest free with no set repayment terms. 
As at 31 December 2024, the director R Fairbairns was owed £79,654 (2023: £89,338 ) by the company. The loan is unsecured, interest free and repayable when there are sufficient distributable reserves equal to the amounts repaid. 
As at 31 December 2024, the company was owed £3,602 (2023: £0) by OYNB LLC. The loans were interest free with no set repayment terms. 
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