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COMPANY REGISTRATION NUMBER: 03925152

Opening The Book Limited

Filleted unaudited financial statements

31 March 2025

Opening The Book Limited

Statement of financial position

31 March 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 6 | 692,769 | 698,965

Current assets

Debtors | 7 | 288,300 | 105,479
Cash at bank and in hand | 885,973 | 1,126,836
| ------------ | ------------
| 1,174,273 | 1,232,315

Creditors: amounts falling due within one year | 8 | 95,932 | 119,030
| ------------ | ------------
Net current assets | 1,078,341 | 1,113,285
| ------------ | ------------
Total assets less current liabilities | 1,771,110 | 1,812,250

Provisions

Taxation including deferred tax | 1,751 | 1,469
| ------------ | ------------
Net assets | 1,769,359 | 1,810,781
| ------------ | ------------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | 1,769,259 | 1,810,681
| ------------ | ------------
Shareholders funds | 1,769,359 | 1,810,781
| ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 November 2025 , and are signed on behalf of the board by:

Rachel Van Riel |
Director |

Company registration number: 03925152

Opening The Book Limited

Notes to the financial statements

Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 80 Carleton Road, Pontefract, West Yorkshire, WF8 3NQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period when the outcome of a transaction involving the rendering of services can be reliably estimated. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset is realised.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset or a period of 10 years if the useful economic life cannot be reliably estimated.

| Algorythm & trade mark | - | 10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold property | - | 1% straight line
| Fixtures, fittings and equipment | - | 25% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Basic financial instruments are recognised at amortised cost. The company holds the following financial assets and liabilities: Cash Short-term trade and other debtors and creditors Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
Defined contribution plans
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the income statement when due.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2024: 10 ).
5. Intangible assets

| Development costs
| £
Cost |
At 1 April 2024 and 31 March 2025 | 6,000
| --------
Amortisation |
At 1 April 2024 and 31 March 2025 | 6,000
| --------
Carrying amount |
At 31 March 2025 | –
| --------
At 31 March 2024 | –
| --------

6. Tangible assets

| Land and buildings | Fixtures and fittings | Total
| £ | £ | £
Cost |  |  |
At 1 April 2024 | 768,021 | 101,659 | 869,680
Additions | – | 4,557 | 4,557
| --------- | --------- | ---------
At 31 March 2025 | 768,021 | 106,216 | 874,237
| --------- | --------- | ---------
Depreciation |  |  |
At 1 April 2024 | 76,790 | 93,925 | 170,715
Charge for the year | 7,680 | 3,073 | 10,753
| --------- | --------- | ---------
At 31 March 2025 | 84,470 | 96,998 | 181,468
| --------- | --------- | ---------
Carrying amount |  |  |
At 31 March 2025 | 683,551 | 9,218 | 692,769
| --------- | --------- | ---------
At 31 March 2024 | 691,231 | 7,734 | 698,965
| --------- | --------- | ---------

Freehold Property represents the office building with a self contained apartment above. The apartment is rented and its cost is estimated to be around £265,000.
7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 251,510 | 47,150
Other debtors | 36,790 | 58,329
| --------- | ---------
| 288,300 | 105,479
| --------- | ---------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 3,536 | 831
Corporation tax | – | 6,909
Social security and other taxes | 34,568 | 21,138
Other creditors | 57,828 | 90,152
| -------- | ---------
| 95,932 | 119,030
| -------- | ---------

9. Director's advances, credits and guarantees
No advances were made to any director of the company during the year and no amounts in respect of advances to directors were outstanding at the year end. The company has not provided any guarantees on behalf of its directors during the year.