0 25/03/2024 31/12/2024 2024-12-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-03-25 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 15592852 2024-03-25 2024-12-31 15592852 2024-12-31 15592852 2024-03-24 15592852 bus:Director6 2024-03-25 2024-12-31 15592852 core:WithinOneYear 2024-12-31 15592852 core:AfterOneYear 2024-12-31 15592852 core:ShareCapital 2024-12-31 15592852 core:SharePremium 2024-12-31 15592852 core:RetainedEarningsAccumulatedLosses 2024-12-31 15592852 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-12-31 15592852 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 15592852 core:Non-currentFinancialInstruments 2024-12-31 15592852 bus:SmallEntities 2024-03-25 2024-12-31 15592852 bus:AuditExempt-NoAccountantsReport 2024-03-25 2024-12-31 15592852 bus:SmallCompaniesRegimeForAccounts 2024-03-25 2024-12-31 15592852 bus:PrivateLimitedCompanyLtd 2024-03-25 2024-12-31 15592852 bus:FullAccounts 2024-03-25 2024-12-31
Company registration number: 15592852
Ortecha Group Limited
Financial statements
31 December 2024
Ortecha Group Limited
Statement of financial position
31st December 2024
31/12/24
Note £ £
Fixed assets
Investments 4 2,948,107
__________
2,948,107
Current assets
Debtors 5 510
__________
510
Creditors: amounts falling due
within one year 6 ( 162,500)
__________
Net current liabilities ( 161,990)
__________
Total assets less current liabilities 2,786,117
Creditors: amounts falling due
after more than one year 7 ( 838,243)
__________
Net assets 1,947,874
__________
Capital and reserves
Called up share capital 1,056
Share premium account 37,444
Profit and loss account 1,909,374
__________
Shareholders funds 1,947,874
__________
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:
Peter Youngs
Director
Company registration number: 15592852
Ortecha Group Limited
Notes to the financial statements
Period ended 31st December 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Damson Park, Damson Parkway, Solihull, West Midlands, B91 2PP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 25th March 2024 - -
Additions 2,948,107 2,948,107
__________ __________
At 31st December 2024 2,948,107 2,948,107
__________ __________
Impairment
At 25th March 2024 and 31st December 2024 - -
__________ __________
Carrying amount
At 31st December 2024 2,948,107 2,948,107
__________ __________
The investments consist of:-
(i) 100% of the ordinary share capital of Ortecha Ltd, a company incorporated in England and Wales, whose principal activity is data management consultancy services.
(i) 100% of the ordinary share capital of Ortecha LLC, a company incorporated in USA, whose principal activity is data management consultancy services.
5. Debtors
31/12/24
£
Other debtors 510
__________
6. Creditors: amounts falling due within one year
31/12/24
£
Other creditors 162,500
__________
7. Creditors: amounts falling due after more than one year
31/12/24
£
Other creditors 838,243
__________