Online Assets Ltd

	Page
Abridged Balance Sheet	1
Notes to the Abridged Financial Statements	2

Registered number: 10517403

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	1,616		1,935
Cash at bank and in hand		1		30

		1,617		1,965
Creditors: Amounts Falling Due Within One Year		(11,107 )		(9,948 )

NET CURRENT ASSETS (LIABILITIES)			(9,490 )		(7,983 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(9,490 )		(7,983 )

Creditors: Amounts Falling Due After More Than One Year			(567 )		(1,247 )

NET LIABILITIES			(10,057 )		(9,230 )

CAPITAL AND RESERVES
Called up share capital			1		1
Profit and Loss Account			(10,058 )		(9,231 )

SHAREHOLDERS' FUNDS			(10,057)		(9,230)

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr G Hunter

Director

24 September 2025

The notes on page 2 form part of these financial statements.

1. General Information

Online Assets Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10517403 . The registered office is 159 High Street, Barnet, Hertfordshire, EN5 5SU.

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. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Debtors

	2024	2023
	£	£
Due after more than one year
Other debtors	942	942

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