REGISTERED NUMBER: 12483033 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OURWE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K S Wo

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

12483033 (England and Wales)

ACCOUNTANTS:

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Intangible assets

4

92,584

32,584

CURRENT ASSETS

Debtors

5

-

1,805

Cash at bank

4,459

91,884

4,459

93,689

CREDITORS

Amounts falling due within one year

6

20,572

47,300

NET CURRENT (LIABILITIES)/ASSETS

(16,113

)

46,389

TOTAL ASSETS LESS CURRENT LIABILITIES

76,471

78,973

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

(23,529

)

(21,027

)

76,471

78,973

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 director acknowledges his 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 director and authorised for issue on 29 September 2025 and were signed by:

K S Wo - Director

1.	STATUTORY INFORMATION

Ourwe 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Development costs

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their

useful lives. As the asset is still in development, no amortisation has been recognised by the year end.

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.

Going concern

Having considered the company's projected performance and expected cashflows, the directors have concluded that the company will be able to meet its liabilities as they fall due and is a going concern. As a result, these financial statements are prepared on a going concern basis.

3.

EMPLOYEES

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2024

32,584

Additions

60,000

At 31 December 2024

92,584

NET BOOK VALUE

At 31 December 2024

92,584

At 31 December 2023

32,584

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Prepayments and accrued income

-

1,805

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

7,360

-

Other creditors

8,839

38,839

Accrued expenses

4,373

8,461

20,572

47,300

7.	RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:

During the year repayments of £30,000 (2023: £38,839) were made by the company to a related party, being a close family member of the directors. At the year end £8,839 (2023: £38,839) was owed by the company to the related party. The amount is interest free, unsecured and has no fixed repayment terms.

Also during the year, £7,360 (2023: £nil) was received from the parent company. At the year end £7,360 (2023: £nil) was owed to the parent company. The amount is interest free, unsecured and has no fixed repayment terms.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ourwe Limited.

This was by virtue of their 100% holding of the issued share capital.

9.	ACCOUNTING BASIS

As stated in the going concern note, these financial statements have been prepared on the basis that the company will continue to be a going concern. During the year the company made a loss of £2,502 , and as at the year end the current liabilities exceeded current assets by £16,113.

The validity of this basis depends upon the continued support of the company's parent company. The company confirms that they will give the required support.