ACCOUNTS - Final Accounts

Registered number: 14202678

OBD GLOBAL LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

OBD GLOBAL LIMITED

REGISTERED NUMBER: 14202678

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		$		$

Fixed assets
Tangible assets	4		4,260		-
			4,260		-
Current assets
Debtors: amounts falling due within one year	5	23,673		21,584
Cash at bank and in hand	6	62,905		4,469
		86,578		26,053
Creditors: amounts falling due within one year	7	(281,830)		(38,932)
Net current liabilities			(195,252)		(12,879)
Total assets less current liabilities			(190,992)		(12,879)

Net liabilities			(190,992)		(12,879)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(190,993)	(12,880)
	(190,992)	(12,879)

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OBD GLOBAL LIMITED

REGISTERED NUMBER: 14202678

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Luca Del Bono

Director

Date: 27 November 2025

The notes on pages 3 to 6 form part of these financial statements.

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OBD GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

OBD Global Limited is a private company limited by shares, incorporated in England and Wales, registration number 14202678. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is USD.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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OBD GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

5 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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OBD GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Employees

The average monthly number of employees, including directors, during the period was 1 (2023 - 2).

4.	Tangible fixed assets

		Computer equipment
		$
	Cost or valuation
	Additions	4,564
	At 31 December 2024	4,564
	Depreciation
	Charge for the period on owned assets	304
	At 31 December 2024	304
	Net book value
	At 31 December 2024	4,260
	At 31 December 2023	-

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OBD GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					$	$


Other debtors	16,070	21,584
Prepayments and accrued income	7,603	-
	23,673	21,584

6.	Cash and cash equivalents
		2024	2023
		$	$

	Cash at bank and in hand	62,905	4,469

7.	Creditors: Amounts falling due within one year
		2024	2023
		$	$

Trade creditors	3,765	-
Amounts owed to group undertakings	272,370	34,732
Other taxation and social security	843	-
Accruals and deferred income	4,852	4,200
	281,830	38,932

8.	Related party transactions

During the year, fees of $240,000 were received from the parent company (2023: $45,000 of fees were charged to the parent company). At the balance sheet date, included in creditors, is an amount of $272,370 (2023: $34,732) owed to the parent company.

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