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OTTO TALENTI LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

OTTO TALENTI LTD (REGISTERED NUMBER: 11518954)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

OTTO TALENTI LTD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | J C Rae

| Mrs C Rae

| REGISTERED OFFICE: | Unit 1, Gate Farm

| High Street

| Sutton Benger

| Chippenham

| Wiltshire

| SN15 4RE

| REGISTERED NUMBER: | 11518954 (England and Wales)

| ACCOUNTANTS: | Bowen Accountants Ltd

| Chartered Accountants

| Unit 1 Gate Farm

| High Street

| Sutton Benger

| Chippenham

| Wiltshire

| SN15 4RE

OTTO TALENTI LTD (REGISTERED NUMBER: 11518954)

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,357 |  | 955 |  |

Investments | 5 | 2,560,119 |  | 2,455,964 |  |

2,561,476 |  | 2,456,919 |  |

CURRENT ASSETS

Debtors | 6 | 100,711 |  | 108,531 |  |

Cash at bank | 41,252 |  | 41,488 |  |

141,963 |  | 150,019 |  |

CREDITORS

Amounts falling due within one year | 7 | 1,979,085 |  | 2,055,967 |  |

NET CURRENT LIABILITIES | (1,837,122 | ) | (1,905,948 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 724,354 |  | 550,971 |  |

PROVISIONS FOR LIABILITIES | 8 | (205,275 | ) | (124,220 | ) |

ACCRUALS AND DEFERRED INCOME | (3,450 | ) | (10,179 | ) |

NET ASSETS | 515,629 |  | 416,572 |  |

CAPITAL AND RESERVES

Called up share capital | 250 |  | 250 |  |

Retained earnings | 515,379 |  | 416,322 |  |

SHAREHOLDERS' FUNDS | 515,629 |  | 416,572 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

OTTO TALENTI LTD (REGISTERED NUMBER: 11518954)

BALANCE SHEET - continued

31 DECEMBER 2024

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 21 August 2025 and were signed on its behalf by:

J C Rae - Director

OTTO TALENTI LTD (REGISTERED NUMBER: 11518954)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Otto Talenti Ltd 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

| Rendering of services

| When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to work carried out to date.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Computer equipment | - | 33% on reducing balance

| Fixed asset investments are initially recorded at cost. Listed investments are measured at fair value with changes in fair value being recognised in the profit and loss account.

| 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.

| Foreign currencies

| 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

OTTO TALENTI LTD (REGISTERED NUMBER: 11518954)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1 January 2024 | 3,461 |  |

| Additions | 721 |  |

| At 31 December 2024 | 4,182 |  |

| DEPRECIATION

| At 1 January 2024 | 2,506 |  |

| Charge for year | 319 |  |

| At 31 December 2024 | 2,825 |  |

| NET BOOK VALUE

| At 31 December 2024 | 1,357 |  |

| At 31 December 2023 | 955 |  |

5. | FIXED ASSET INVESTMENTS

| Listed

| investments

£ |

| COST OR VALUATION

| At 1 January 2024 | 2,455,964 |  |

| Additions | 277,044 |  |

| Disposals | (361,536 | ) |

| Revaluations | 188,647 |  |

| At 31 December 2024 | 2,560,119 |  |

| NET BOOK VALUE

| At 31 December 2024 | 2,560,119 |  |

| At 31 December 2023 | 2,455,964 |  |

| Cost or valuation at 31 December 2024 is represented by:

| Listed

| investments

£ |

| Valuation in 2019 | (6,933 | ) |

| Valuation in 2020 | 304,977 |  |

| Valuation in 2021 | 269,019 |  |

| Valuation in 2022 | (248,616 | ) |

| Valuation in 2023 | 271,478 |  |

| Valuation in 2024 | 274,721 |  |

| Cost | 1,695,473 |  |

2,560,119 |  |

OTTO TALENTI LTD (REGISTERED NUMBER: 11518954)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

5. | FIXED ASSET INVESTMENTS - continued

| If the fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 | 2023 |

| as restated |

£ | £ |

| Cost | 1,695,473 |  | 1,866,039 |  |

| Fixed asset investments were valued on an open market basis basis on 31 December 2024 by the investment portfolio managers. .

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| as restated |

£ | £ |

| Trade debtors | 4,500 |  | 12,320 |  |

| Other debtors | 96,211 |  | 96,211 |  |

100,711 |  | 108,531 |  |

| Other debtors includes an amount of £96,211 representing tax deducted in error from investments managed in Italy. A claim has been made to the Italian tax authorities to recover these monies.

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

| as restated |

£ | £ |

| Taxation and social security | - |  | 4,516 |  |

| Other creditors | 1,979,085 |  | 2,051,451 |  |

1,979,085 |  | 2,055,967 |  |

8. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

| as restated |

£ | £ |

| Deferred tax | 205,275 |  | 124,220 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2024 | 124,220 |  |

| Charge to Statement of Income and Retained Earnings during year | 81,055 |  |

| Revaluation of investments |

| Balance at 31 December 2024 | 205,275 |  |