Company Registration No. SC773885 (Scotland)
ODIM (UK) LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ODIM (UK) LTD
COMPANY INFORMATION
Directors
J Holland
S Ke
Company number
SC773885
Registered office
272 Bath Street
Glasgow
G2 4JR
Scotland
Auditor
HW Fisher Audit
Acre House
11-15 William Road
London
NW1 3ER
United Kingdom
ODIM (UK) LTD
CONTENTS
Page
Strategic report
1 - 3
Directors' report
4
Directors' responsibilities statement
5
Independent auditor's report
6 - 8
Statement of comprehensive income
9
Balance sheet
10
Statement of changes in equity
11
Statement of cash flows
12
Notes to the financial statements
13 - 17
ODIM (UK) LTD
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The Directors present their Strategic Report on ODIM (UK) LTD ("ODIMUK” or the "Company") for the year ended 31 March 2025.

Fair review of the business

The Company is an independent investment management firm, authorized and regulated by the Financial Conduct Authority ("FCA"). The company provides discretionary investment management services to institutions and family offices based in the UK and Europe. The Company's investment philosophy is centered on fundamental, bottom-up research and a long-term approach to value creation through investing in listed equities.

Results and performance

The company was recently established and has incurred a small net loss for the current Fiscal Year (£48,706), as a result of expected start-up expenses.

Market commentary

Following the arrival of long-awaited government stimulus in the autumn, China’s domestic stock market finally emerged from the doldrums to deliver strong full year returns for 2024.

 

For much of 2024, the A-share market remained sluggish as Beijing continued its gradual transition towards a new growth model. However, on 24 September, the market surged following the announcement of an extensive stimulus package. While it remains to be seen how sustained the resultant economic recovery will be – particularly given current geopolitical crosswinds – as base for the markets was established and China’s GDP growth is forecast to remain firm.

Strategy

The Company is committed to meeting its clients’ investment performance expectations, focusing exclusively on Chinese equities, following an active bottom-up stock selection approach. Its investment proposition is simple and focused. ODIMUK’s bottom-up research approach aims to identify and unlock the long-term investment opportunities and to provide a diversified portfolio to deliver attractive risk-adjusted returns.

Future Developments

The Company will continue to focus on products delivering long-term risk adjusted investment performance and on providing high quality customer service to its clients. The Company's investment solutions are specifically designed to meet our clients ‘needs.

 

Our priorities for the coming year include continued growth in Assets under Management (“AUM”) through deepening relationships with existing clients and attracting new mandates. Risk-adjusted Investment performance remains a central focus, as does maintaining the highest standards of client service and regulatory compliance. The macroeconomic environment remains uncertain; however, the Company is well positioned with a strong balance sheet and a conservative business model.

 

Principal risks and uncertainties

The company monitors a range of risks arising from its business model, including:

 

 

ODIM (UK) LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Promoting the success of the company

In accordance with the Companies Act 2006 (the "Act"), the Directors of the Company are required to give an annual statement which describes how the Directors have taken into consideration the matters set out in section 172 (1) of the Act when discharging their duty under that section.

 

Section 172 of the Act requires a Director of a company to act in the way they consider, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole. In doing this, section 172 requires a Director to have regard, amongst other matters, to

 

The Directors consider the matters set out above in their decision-making process, through the Company's business strategy, culture, governance framework, management information flows and stakeholder engagement processes. For each matter that comes before the Directors, stakeholders who may be affected are identified and the Directors consider the interest of all such stakeholders in coming to decisions.

 

1) Long-term decision making

The Company’s strategy is focused on delivering long-term, risk-adjusted returns to clients while maintaining a robust and sustainable business model. In setting this strategy, the Board considers potential impacts on clients, employees, and the wider market. During the year, the Board supported enhancements to client reporting, investment governance, and operational resilience, all with a view to long-term value creation.

 

2) Clients and business relationships

The Board recognizes that the Company’s success is dependent on strong and trusted relationships with its clients. The Company is committed to delivering investment excellence with the highest standards of care and integrity. Directors place clients’ interests at the heart of key decision-making and ensure that business practices align with these priorities. The Company also maintains a strong focus on operational resilience, compliance, and information security to safeguard clients’ interests.

 

3) Environment and community

As an office-based investment management firm, the Company’s direct environmental impact is limited. Nevertheless, the Board seeks to minimize the Company’s environmental footprint and supports responsible practices in its operations. Furthermore, the Company encourages the integration of ESG considerations within its investment process, where appropriate.

 

4) High standards of business conduct

The Company’s reputation for integrity and high standards of conduct is fundamental to its success. The Board promotes a strong compliance culture and oversees robust governance practices. The Company maintains open and constructive relationships with the Financial Conduct Authority and adheres to relevant regulations, including the Consumer Duty and other applicable regulatory standards.

 

5) Fairness between members

The Board is committed to treating all members of the Company fairly and with due regard to their interests, both in day-to-day decisions and in the execution of the Company’s broader strategic objectives.

 

The Directors recognize that the long-term success of the business is dependent on aligning our activities with the interests of its key stakeholders. The Directors believe that corporate citizenship is a critical link between integrity and performance, how the Company does the right things, the right way to deliver value to its clients, employees, and its communities. As an organization, citizenship is embedded in the Company's corporate values and is an important element of how it achieves success in working with all its key stakeholders. Our core values reflect what is most important to us as a company. They are the ideas that guide us in how we do business, how we treat our clients, and how we work with each other.

ODIM (UK) LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

On behalf of the board

J Holland
Director
23 July 2025
ODIM (UK) LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -

The directors present their annual report and financial statements for the year ended 31 March 2025. For the review of the business and the results and performance refer to the Strategic Report.

Performance for the year and future developments

This is covered separately in the company's Strategic Report.

 

Principal activities

The Company provides discretionary investment management services primarily to institutions and family offices based in the UK and Europe.

Results and dividends

The results for the year are set out on page 9.

No ordinary dividends were paid. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

J Holland
S Ke
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Approval of the Directors' Report

This Directors’ Report was approved by the Board of Directors on 23 July 2025 and signed on its behalf by:

On behalf of the board
J Holland
Director
ODIM (UK) LTD
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

 

 

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ODIM (UK) LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF ODIM (UK) LTD
- 6 -
Opinion

We have audited the financial statements of Odim (UK) Ltd (the 'company') for the year ended 31 March 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

ODIM (UK) LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBER OF ODIM (UK) LTD
- 7 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report and the directors' report.

 

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

As part of our planning process:

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements even though we have properly planned and performed our audit in accordance with auditing standards. The primary responsibility for the prevention and detection of irregularities and fraud rests with the directors.

ODIM (UK) LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBER OF ODIM (UK) LTD
- 8 -

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters which we are required to address

In the previous accounting period the directors of the company took advantage of audit exemption under s. 477 of the Companies Act 2006. Therefore the prior period comparative figures were not subject to audit.

Use of our report

This report is made solely to the company's member in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's member those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's member for our audit work, for this report, or for the opinions we have formed.

Gilles Siow (Senior Statutory Auditor)
For and on behalf of HW Fisher Audit
Chartered Accountants
Statutory Auditor
Acre House
11-15 William Road
London
NW1 3ER
United Kingdom
23 July 2025
ODIM (UK) LTD
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
Year
Period
ended
ended
31 March
31 March
2025
2024
Notes
£
£
Turnover
3
55,097
-
Administrative expenses
(102,903)
(29,673)
Operating loss
(47,806)
(29,673)
Interest payable and similar expenses
6
(900)
-
0
Loss before taxation
(48,706)
(29,673)
Tax on loss
7
-
0
-
0
Loss for the financial year
(48,706)
(29,673)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

ODIM (UK) LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 10 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
8
14,393
-
0
Cash at bank and in hand
259,558
291,127
273,951
291,127
Creditors: amounts falling due within one year
9
(41,430)
(40,800)
Net current assets
232,521
250,327
Creditors: amounts falling due after more than one year
10
(30,900)
-
0
Net assets
201,621
250,327
Capital and reserves
Called up share capital
11
280,000
280,000
Profit and loss reserves
(78,379)
(29,673)
Total equity
201,621
250,327
The financial statements were approved by the board of directors and authorised for issue on 23 July 2025 and are signed on its behalf by:
J  Holland
Director
Company Registration No. SC773885
ODIM (UK) LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 27 June 2023
-
0
-
0
-
0
Period ended 31 March 2024:
Loss and total comprehensive income for the period
-
(29,673)
(29,673)
Issue of share capital
11
280,000
-
280,000
Balance at 31 March 2024
280,000
(29,673)
250,327
Period ended 31 March 2025:
Loss and total comprehensive income for the period
-
(48,706)
(48,706)
Balance at 31 March 2025
280,000
(78,379)
201,621
ODIM (UK) LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
14
(30,669)
11,127
Interest paid
(900)
-
0
Net cash (outflow)/inflow from operating activities
(31,569)
11,127
Financing activities
Proceeds from issue of shares
-
0
280,000
Net cash (used in)/generated from financing activities
-
0
280,000
Net (decrease)/increase in cash and cash equivalents
(31,569)
291,127
Cash and cash equivalents at beginning of year
291,127
-
0
Cash and cash equivalents at end of year
259,558
291,127
ODIM (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 13 -
1
Accounting policies
Company information

Odim (UK) Ltd is a private company limited by shares incorporated in Scotland. The registered office is 272 Bath Street, Glasgow, Scotland, G2 4JR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company is newly-incorporated and has incurred start-up costs resulting in a loss in the current and prior period. However, atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, due to its cash reserves and ongoing support from the Director. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Reporting period

The reporting period of the financial statements for the current period covers the year ended 31 March 2025.

 

The reporting period for the prior year comparatives covers the period from the date of incorporation i.e. from 27 June 2023 to 31 March 2024.

1.4
Turnover

Turnover arising from the provision of investment management services is recognised in the period in which the services are provided. Performance fees are recognised in the period in which they crystallise.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

ODIM (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 14 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ODIM (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 15 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

 

The Director considers there to be no significant judgements or key sources of estimation uncertainty in the financial statements.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Fees
55,097
-
2025
2024
£
£
Turnover analysed by geographical market
Europe
55,097
-
4
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
12,720
-
0
For other services
All other non-audit services
3,585
2,400
ODIM (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
5
Employees

There were no employees during the year or prior period.

6
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Other interest on financial liabilities
900
-
0
7
Taxation

The actual charge for the year can be reconciled to the expected credit for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Loss before taxation
(48,706)
(29,673)
Expected tax credit based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
(12,177)
(7,418)
Unutilised tax losses carried forward
12,177
7,418
Taxation charge for the period
-
-
8
Debtors
2025
2024
Amounts falling due within one year:
£
£
Prepayments and accrued income
14,393
-
0
9
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
14,625
8,400
Other creditors
1,341
30,000
Accruals and deferred income
25,464
2,400
41,430
40,800
ODIM (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 17 -
10
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
30,900
-
0
11
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
280,000
280,000
280,000
280,000
12
Related party transactions

Included within 'Creditors: amounts falling due after more than one year', is a £30,000 (FY24: £nil) unsecured loan payable to Shifeng Ke, the 100% Director and Shareholder of ODIM (UK) Ltd. Interest on the loan is payable at 3% per annum; full repayment of the principal and interest is due on the repayment date at 30/06/2026. £900 (FY24: £nil) relating to the interest expense on this loan has been included within interest payable.

13
Ultimate controlling party

The ultimate controlling party was Mr S Ke, a director and 100% shareholder of the company.

14
Cash (absorbed by)/generated from operations
2025
2024
£
£
Loss for the year after tax
(48,706)
(29,673)
Adjustments for:
Finance costs
900
-
0
Movements in working capital:
Increase in debtors
(14,393)
-
0
Increase in creditors
31,530
40,800
Cash (absorbed by)/generated from operations
(30,669)
11,127
15
Analysis of changes in net funds
1 April 2024
Cash flows
31 March 2025
£
£
£
Cash at bank and in hand
291,127
(31,569)
259,558
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