0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 19,476 19,476 128,102 128,102 128,102 xbrli:pure xbrli:shares iso4217:EUR 03554011 2024-05-01 2025-04-30 03554011 2025-04-30 03554011 2024-04-30 03554011 2023-05-01 2024-04-30 03554011 2024-04-30 03554011 2023-04-30 03554011 core:FurnitureFittings 2024-05-01 2025-04-30 03554011 bus:Director1 2024-05-01 2025-04-30 03554011 core:FurnitureFittings 2025-04-30 03554011 core:WithinOneYear 2025-04-30 03554011 core:WithinOneYear 2024-04-30 03554011 core:ShareCapital 2025-04-30 03554011 core:ShareCapital 2024-04-30 03554011 core:RetainedEarningsAccumulatedLosses 2025-04-30 03554011 core:RetainedEarningsAccumulatedLosses 2024-04-30 03554011 core:CostValuation core:Non-currentFinancialInstruments 2025-04-30 03554011 core:Non-currentFinancialInstruments 2025-04-30 03554011 core:Non-currentFinancialInstruments 2024-04-30 03554011 bus:SmallEntities 2024-05-01 2025-04-30 03554011 bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 03554011 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 03554011 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 03554011 bus:FullAccounts 2024-05-01 2025-04-30
COMPANY REGISTRATION NUMBER: 03554011

OVERSEAS KNOW-HOW LIMITED

Filleted Unaudited Financial Statements

30 April 2025

OVERSEAS KNOW-HOW LIMITED

Statement of Financial Position

30 April 2025

| 2025 | 2024
Note | € | € | €

Fixed assets

Investments | 5 |  | 128,102 | 128,102

Current assets

Debtors | 6 | 1,570,743 |  | 1,160,102
Investments | 7 | 807,658 |  | 779,574
Cash at bank and in hand | 924,757 |  | 948,300
| ------------ |  | ------------
| 3,303,158 |  | 2,887,976

Creditors: amounts falling due within one year | 8 | ( 699,937) |  | ( 299,349)
| ------------ |  | ------------
Net current assets |  | 2,603,221 | 2,588,627
|  | ------------ | ------------
Total assets less current liabilities |  | 2,731,323 | 2,716,729
|  | ------------ | ------------

Capital and reserves

Called up share capital |  | 5,800 | 5,800
Profit and loss account |  | 2,725,523 | 2,710,929
|  | ------------ | ------------
Shareholders funds |  | 2,731,323 | 2,716,729
|  | ------------ | ------------

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 comprehensive income has not been delivered.
For the year ending 30 April 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 his 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 10 November 2025 , and are signed on behalf of the board by:

Mr L. BORROT |
Director |

Company registration number: 03554011

OVERSEAS KNOW-HOW LIMITED

Notes to the Financial Statements

Year ended 30 April 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 c/o Browne Jacobson LLP, 6 Bevis Marks, London, EC3A 7BA, England.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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 payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:

| Equipment | - | 25% straight line

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets

| Equipment | Total
| € | €
Cost |  |
At 1 May 2024 and 30 April 2025 | 19,476 | 19,476
| -------- | --------
Depreciation |  |
At 1 May 2024 and 30 April 2025 | 19,476 | 19,476
| -------- | --------
Carrying amount |  |
At 30 April 2025 | – | –
| -------- | --------
At 30 April 2024 | – | –
| -------- | --------

5. Investments

| Other investments other than loans
| €
Cost |
At 1 May 2024 and 30 April 2025 | 128,102
| ---------
Impairment |
At 1 May 2024 and 30 April 2025 | –
| ---------

Carrying amount |
At 30 April 2025 | 128,102
| ---------
At 30 April 2024 | 128,102
| ---------

6. Debtors

| 2025 | 2024
| € | €
Trade debtors | 1,341,406 | 934,616
Other debtors | 229,337 | 225,486
| ------------ | ------------
| 1,570,743 | 1,160,102
| ------------ | ------------

7. Investments

| 2025 | 2024
| € | €
Short-term deposits | 807,658 | 779,574
| --------- | ---------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| € | €
Trade creditors | 335,842 | 296,884
Other creditors | 364,095 | 2,465
| --------- | ---------
| 699,937 | 299,349
| --------- | ---------

9. Financial instruments
Where reduced disclosures are applied, disclosures from the Companies Act 2006 still need to be made regarding the fair value of the instruments in each category and the changes in value recognised in profit and loss. Disclosures of the significant assumptions underlying the valuation models and techniques used, and extent and nature of derivative instruments are also required. Additional disclosures are also required relating to defaults and breaches on loans payable information relating to financial instruments at fair value through profit or loss that are not held as part of a trading portfolio and are not derivatives.