Company Registration No. 11271586 (England and Wales)
Concentric OTB Limited
Unaudited accounts
for the year ended 31 March 2025
Concentric OTB Limited
Unaudited accounts
Contents
Concentric OTB Limited
Company Information
for the year ended 31 March 2025
Directors
Siming Huang
Hran-Fen Ni
Shu-Mei Chang
Company Number
11271586 (England and Wales)
Registered Office
4th Floor Imperial House
8 Kean Street
London
WC2B 4AS
Accountants
Fortune UK Accountants Ltd
4a Nelson Road
London
GB
SE10 9JB
Concentric OTB Limited
Statement of financial position
as at 31 March 2025
Tangible assets
124,130
(19,870)
Investment property
3,745,330
3,745,330
Cash at bank and in hand
1,384
982
Creditors: amounts falling due within one year
(1,814,137)
(1,627,719)
Net current liabilities
(1,811,347)
(1,605,194)
Net assets
2,058,113
2,120,266
Called up share capital
2,400,000
2,400,000
Profit and loss account
(341,887)
(279,734)
Shareholders' funds
2,058,113
2,120,266
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by
Siming Huang
Director
Company Registration No. 11271586
Concentric OTB Limited
Notes to the Accounts
for the year ended 31 March 2025
Concentric OTB Limited is a private company, limited by shares, registered in England and Wales, registration number 11271586. The registered office is 4th Floor Imperial House, 8 Kean Street, London, WC2B 4AS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
4
Tangible fixed assets
Fixtures & fittings
Charge for the year
36,000
Fair value at 1 April 2024
3,745,330
At 31 March 2025
3,745,330
Concentric OTB Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
-
21,543
7
Creditors: amounts falling due within one year
2025
2024
Loans from directors
1,814,137
1,626,639
Allotted, called up and fully paid:
2,400,000 Ordinary shares of £1 each
2,400,000
2,400,000
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).