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Company Registration No. 03976119 (England and Wales)
Origin Technologies Limited Unaudited Financial Statements for the year ended 30 August 2024
Origin Technologies Limited Unaudited Financial Statements Contents
Page
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Origin Technologies Limited Company Information for the year ended 30 August 2024
Directors
Tim Rock Marcus Bamberg
Company Number
03976119 (England and Wales)
Registered Office
First Floor 85 Great Portland Street London W1W 7LT
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Origin Technologies Limited Statement of financial position as at 30 August 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
129,114 
145,139 
Cash at bank and in hand
- 
3 
129,114 
145,142 
Creditors: amounts falling due within one year
(1,196,202)
(1,078,902)
Net current liabilities
(1,067,088)
(933,760)
Total assets less current liabilities
(1,067,088)
(933,760)
Creditors: amounts falling due after more than one year
(12,873)
(18,056)
Net liabilities
(1,079,961)
(951,816)
Capital and reserves
Called up share capital
14,714 
14,714 
Share premium
1,101,767 
1,101,767 
Profit and loss account
(2,196,442)
(2,068,297)
Shareholders' funds
(1,079,961)
(951,816)
For the year ending 30 August 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by
Tim Rock Director Company Registration No. 03976119
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Origin Technologies Limited Notes to the Accounts for the year ended 30 August 2024
1
Statutory information
Origin Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 03976119. The registered office is First Floor, 85 Great Portland Street, London, W1W 7LT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
Investments in shares are included at fair value.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years on a straight line basis
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Origin Technologies Limited Notes to the Accounts for the year ended 30 August 2024
Going concern
These financial statements have been prepared on a going concern basis even though at the Balance Sheet date the company's current liabilities exceed its current assets by £841,370 (2021: excess liabilities of £714,348). The directors consider the going concern basis to be appropriate because in their opinion the company will continue to obtain sufficient funding from its directors and shareholders who have introduced significant additional funds to support the company and are committed to maintaining financial support throughout the next 12 months.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 31 August 2023
1,199 
At 30 August 2024
1,199 
Depreciation
At 31 August 2023
1,199 
At 30 August 2024
1,199 
Net book value
At 30 August 2024
- 
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
14,286 Ordinary shares of £1 each
14,286 
14,286 
42,800 Ordinary A shares of £0.01 each
428 
428 
14,714 
14,714 
6
Transactions with related parties
Tim Rock, a director of the company, has a director's loan balance due to him of £1,049,766 (2023: £937,353). The loan is unsecured, attracts interest and is repayable on demand.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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