Company registration number 10688567 (England and Wales)
OPENVILLE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
OPENVILLE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
OPENVILLE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
32,064
52,351
Cash at bank and in hand
102,411
137,738
134,475
190,089
Creditors: amounts falling due within one year
5
(1,968,421)
(1,920,787)
Net current liabilities
(1,833,946)
(1,730,698)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(1,834,046)
(1,730,798)
Total equity
(1,833,946)
(1,730,698)

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 11 November 2025 and are signed on its behalf by:
Mr M Winehouse
Director
Company registration number 10688567 (England and Wales)
OPENVILLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Openville Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5a Bear Lane, Southwark, London, United Kingdom, SE1 0UH.

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
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future as the directors have agreed not to seek repayment of the amounts owed to them until such time the company has sufficient working capital to do so. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
4 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2
Employees

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

2025
2024
Number
Number
Total
2
2
OPENVILLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
1,478
Depreciation and impairment
At 1 April 2024 and 31 March 2025
1,478
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
32,064
52,351
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
17,191
-
0
Taxation and social security
5,478
4,879
Other creditors
1,945,752
1,915,908
1,968,421
1,920,787
6
Called up share capital
2025
2024
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
OPENVILLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
7
Related party transactions

Related parties are entities with the same director s and entities in which the director s has an interest.

Amount owed by connected compan ies:

During the year, Openville Limited loaned borrowed £19,100 from Portcrown Limited, a connected company. At the year end, Portcrown Limited owed Openville Limited £13,083 (2024 - £32,183).

During the year, Openville Limited paid for £1,033 of expenses on behalf of Production W Limited, a connected company. At the year end, P roduction W Limited owed Openville Limited £13,242 (2024 - £12,209).

Amount owed to connected company:

During the year, MW Records Ltd was repaid £46,420 by Openville Limited, a connected company. At the year end, Openville Limited owed MW Records Ltd £722,726 (2024 - £769,146).

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