Online Transaction Technology Ventures H - Accounts to registrar (filleted)

REGISTERED NUMBER: 12766479 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Online Transaction Technology Ventures

Holding Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C H Nordin

J Eriksson

SECRETARY:

Mwlaw Services Limited

REGISTERED OFFICE:

9th Floor

6 New Street Square

LONDON

EC4A 3BF

REGISTERED NUMBER:

12766479 (England and Wales)

ACCOUNTANTS:

Zenon Tax Limited

51 The Stream

Ditton

Aylesford

Kent

ME20 6AG

FIXED ASSETS

Investments

4

2

CURRENT ASSETS

Debtors

5

495,223

274,835

Cash at bank

1,940

18

497,163

274,853

CREDITORS

Amounts falling due within one year

6

495,992

353,964

NET CURRENT ASSETS/(LIABILITIES)

1,171

(79,111

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,173

(79,109

)

CAPITAL AND RESERVES

Called up share capital

7

1,000

Share premium

49,200

Retained earnings

(49,027

)

(129,309

)

SHAREHOLDERS' FUNDS

1,173

(79,109

)

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 29 September 2025 and were signed on its behalf by:

J Eriksson - Director

1.	STATUTORY INFORMATION

Online Transaction Technology Ventures Holding 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.

The company relies on the support of its shareholders and directors for its day to day working capital requirements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Turnover

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

€

COST

At 1 January 2024

and 31 December 2024

2

NET BOOK VALUE

At 31 December 2024

2

At 31 December 2023

2

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

€

Trade debtors

16,000

8,000

Amounts owed by group undertakings

105,905

89,507

Other debtors

373,318

177,328

495,223

274,835

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

€

Trade creditors

219,250

144,171

Other creditors

276,742

209,793

495,992

353,964

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

€

10,000

Ordinary

0.1

1,000

The shares described above were issued as Ordinary £0.1 shares. The amounts shown are the carrying value in in euros.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is J Eriksson.

The ultimate controlling party is J Eriksson.