Company registration number 02775272 (England and Wales)
OMEGA TECHNOLOGIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
OMEGA TECHNOLOGIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
OMEGA TECHNOLOGIES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
1,192,061
1,192,061
Creditors: amounts falling due within one year
4
(319,879)
(319,879)
Net current assets
872,182
872,182
Capital and reserves
Called up share capital
5
260,002
260,002
Profit and loss reserves
612,180
612,180
Total equity
872,182
872,182

The notes on pages 2 to 4 form part of these financial statements.

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 October 2025 and are signed on its behalf by:
A Howard
Director
Company registration number 02775272 (England and Wales)
OMEGA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Omega Technologies Limited is a private company limited by shares incorporated in England and Wales. The registered office is One Omega Drive, Northbank, Irlam, Manchester, M44 5BD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement 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 classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

OMEGA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,192,061
1,192,061

All amounts owed by group undertakings are unsecured, interest free and repayable on demand.

4
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
319,822
319,822
Other creditors
57
57
319,879
319,879

All amounts owed to group undertakings are unsecured, interest free and repayable on demand.

5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
OMEGA TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
5
Called up share capital
(Continued)
- 4 -
2024
2023
2024
2023
Preference share capital
Number
Number
£
£
Issued and fully paid
Redeemable shares of £1 each
260,000
260,000
260,000
260,000
Preference shares classified as equity
260,000
260,000
Total equity share capital
260,002
260,002

Ordinary shares

The authorised share capital is under the control of the directors who may allot, grant options over or otherwise dispose of the same, to such persons, on such terms and in such a manner that they think fit. The company may by ordinary resolution declare dividends in accordance with the respective rights of the members, but no dividend shall exceed the amount recommended by the directors.

Redeemable shares

The redeemable shares are redeemable at their nominal value at any time, at the option of the Company. With the exception of redemption rights, the redeemable shares and ordinary shares rank pari passu in all respects and are subject to the same rights and restrictions.

6
Related party transactions
2024
2023
Amounts due to related parties
£
£
Other related parties
319,822
319,822

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due from related parties
£
£
Entities with control, joint control or significant influence over the company
1,192,061
1,192,061
7
Parent company

The company's immediate parent company is Omega Engineering Limited, a company incorporated in England and Wales.

The company's intermediate parent company is Omega Engineering Inc, a company incorporated in Delaware, USA. Omega Engineering Inc is the smallest and largest group for which consolidated accounts are prepared. These accounts are not publicly available.

The company's ultimate parent undertaking is Arcline Investment Management, a company incorporated in Delaware, USA.

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