ODRO LTD

Company Registration Number:
SC415532 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

ODRO LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

ODRO LTD

Balance sheet

As at 31 December 2024


Notes
2024
11 months to 31 December 2023


£
£
Fixed assets
Intangible assets: 3 434,535 467,222
Tangible assets: 4 17,596 36,814
Total fixed assets: 452,131 504,036
Current assets
Debtors:   328,588 441,554
Cash at bank and in hand: 1,416,057 1,082,265
Total current assets: 1,744,645 1,523,819
Creditors: amounts falling due within one year:   (1,392,515) (1,587,337)
Net current assets (liabilities): 352,130 (63,518)
Total assets less current liabilities: 804,261 440,518
Creditors: amounts falling due after more than one year:   (4,167) (47,500)
Provision for liabilities: (98,710) (37,282)
Total net assets (liabilities): 701,384 355,736
Capital and reserves
Called up share capital: 3 3
Share premium account: 125,000 125,000
Other reserves: 120,774 111,572
Profit and loss account: 455,607 119,161
Shareholders funds: 701,384 355,736

The notes form part of these financial statements

ODRO LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2025
and signed on behalf of the board by:

Name: Mark Beeby
Status: Director

The notes form part of these financial statements

ODRO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ODRO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 11 months to 31 December 2023
Average number of employees during the period 24 38

ODRO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 1,082,294
Additions 194,470
At 31 December 2024 1,276,764
Amortisation
At 01 January 2024 615,072
Charge for year 227,157
At 31 December 2024 842,229
Net book value
At 31 December 2024 434,535
At 31 December 2023 467,222

ODRO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 126,866
At 31 December 2024 126,866
Depreciation
At 01 January 2024 90,052
Charge for year 19,218
At 31 December 2024 109,270
Net book value
At 31 December 2024 17,596
At 31 December 2023 36,814

ODRO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Financial commitments

Bank loans due within 1 year: (2024 - £43,334), (2023 - £85,600) Bank loans >1 year: (2024 - £4,167), (2023 - £47,500) Minimum lease payments under non-cancellable operating leases fall due within 1 year: (2024 - £24,161), (2023 - £58,932) Minimum lease payments under non-cancellable operating leases fall due >1 year: (2024 - £0), (2023 - £23,449)

ODRO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Related party transactions

Name of the related party:
Relationship:
Parent Company
Description of the Transaction: During the period to 31st December 2024 investment fees were charged to the company by the shareholders of the parent company of £65,124 (2023: £56,732)
£
Balance at 01 January 2024 56,732
Balance at 31 December 2024 65,124
Name of the related party:
Relationship:
Directors
Description of the Transaction: At at 31st December 2023 amounts due to directors amounted
£
Balance at 01 January 2024 52,842
Balance at 31 December 2024 41,089