REGISTERED NUMBER: 10610555 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OTHRYS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dominic Prentis

Timothy Cook

Richard Stephens

Nicholas Watson

James Tucker

John O'Callaghan

Nick Catliff

Andrew James Brear

REGISTERED OFFICE:

C/O Simmons Gainsford

14th Floor

33 Cavendish Square

London

W1G 0PW

REGISTERED NUMBER:

10610555 (England and Wales)

ACCOUNTANTS:

Defries Weiss (Accountants) Limited

C/O Simmons Gainsford

14th Floor

33 Cavendish Square

London

W1G 0PW

FIXED ASSETS

Tangible assets

4

6,511

3,760

CURRENT ASSETS

Debtors

5

267,954

418,197

Cash at bank

311,053

116,370

579,007

534,567

CREDITORS

Amounts falling due within one year

6

197,966

295,050

NET CURRENT ASSETS

381,041

239,517

TOTAL ASSETS LESS CURRENT LIABILITIES

387,552

243,277

CREDITORS

Amounts falling due after more than one year

7

(11,843

)

(11,843

)

PROVISIONS FOR LIABILITIES

(1,628

)

(940

)

NET ASSETS

374,081

230,494

CAPITAL AND RESERVES

Called up share capital

94

94

Share premium

9,152

9,152

Capital redemption reserve

5

5

Retained earnings

364,830

221,243

374,081

230,494

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Nick Catliff - Director

1.	STATUTORY INFORMATION

Othrys Limited 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 the provisions of section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

25% on the reducing balance method

Fixtures and fittings

25% on the reducing balance method

Financial instruments

Basic financial assets and liabilities, including trade debtors and creditors, other debtors and creditors and amounts with related parties are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangements 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 and liabilities classified as receivable or payable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, 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.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 5 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

19,232

Additions

4,614

Disposals

(274

)

At 31 December 2024

23,572

DEPRECIATION

At 1 January 2024

15,472

Charge for year

1,611

Eliminated on disposal

(22

)

At 31 December 2024

17,061

NET BOOK VALUE

At 31 December 2024

6,511

At 31 December 2023

3,760

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

203,292

235,881

Other debtors

64,662

182,316

267,954

418,197

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

9,589

159,075

Taxation and social security

137,329

89,277

Other creditors

51,048

46,698

197,966

295,050

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

11,843

11,843