O2h Limited


Directors	Prashant Shah
	Sunil Shah


Company Secretary	Business Partners Financial and Management Services Limited


Registered Address	Hauxton House, Mill Scitech Park,
	Mill Lane, Hauxton
	Cambridge
	CB22 5HX


Registered Number	08771613 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		201,515		288,790
Investments	4		212,810		202,862
			414,325		491,652
Current assets
Debtors		2,539,560		2,549,696
Cash at bank and on hand		275,574		490,773
		2,815,134		3,040,469
Creditors amounts falling due within one year	5	(3,362,280)		(3,872,387)
Net current assets (liabilities)			(547,146)		(831,918)
Total assets less current liabilities			(132,821)		(340,266)
Creditors amounts falling due after one year	6		(200,000)		(400,000)
Net assets			(332,821)		(740,266)
Capital and reserves
Called up share capital			2		2
Profit and loss account			(332,823)		(740,268)
Shareholders' funds			(332,821)		(740,266)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 16 December 2025, and are signed on its behalf by:

Sunil Shah
Director
Registered Company No. 08771613

O2h Limited

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	4
	Fixtures and fittings	5
	Vehicles	4
	Office Equipment	3

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	9		8

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	549,386	1,253	143,554	124,285	818,478
Additions	85,540	-	-	4,976	90,516
Disposals	-	-	-	(1,100)	(1,100)
At 31 March 25	634,926	1,253	143,554	128,161	907,894
Depreciation and impairment
At 01 April 24	354,740	339	85,337	89,272	529,688
Charge for year	118,852	313	28,392	30,234	177,791
On disposals	-	-	-	(1,100)	(1,100)
At 31 March 25	473,592	652	113,729	118,406	706,379
Net book value
At 31 March 25	161,334	601	29,825	9,755	201,515
At 31 March 24	194,646	914	58,217	35,013	288,790

4.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 April 24	202,862	202,862
Additions	9,948	9,948
At 31 March 25	212,810	212,810
Net book value
At 31 March 25	212,810	212,810
At 31 March 24	202,862	202,862

	Notes
	¹Other investments other than loans

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,861,261	3,271,879
Amounts owed to related parties	37,044	-
Taxation and social security	381,263	565,171
Other creditors	6,064	5,835
Accrued liabilities and deferred income	76,648	29,502
Total	3,362,280	3,872,387


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	200,000	400,000
Total	200,000	400,000

7.	Related party transactions
	The directors Sunil Shah and Prashant Shah are also directors of O2h Ventures Limited. O2h Limited has recharged costs of £27,633 (2024: £192,288), O2h Limited has also loaned money to O2h Ventures Limited. The balance due from O2h Ventures Limited at the year end is £258,084 (2024: £nil). The directors Sunil Shah and Prashant Shah are also directors of O2h Cowork Labs Limited. O2h Limited has also advanced loans to O2h Cowork Labs Limited. The balance due from O2h Cowork Labs Limited at the year end was £216,774 (2024: £75,000). The directors Sunil Shah and Prashant Shah are also director's of O2h Discovery PVT Ltd, a company incorporated in India. O2h Discovery PVT Ltd provided research services to O2h Ltd of £14,106,960 (2024: £11,734,970). The balance due to O2h Discovery PVT Ltd at the year end was £2,815,912 (2024: £3,217,804).

Related party transactions

The directors Sunil Shah and Prashant Shah are also directors of O2h Ventures Limited.  O2h Limited has recharged costs of £27,633 (2024: £192,288),  O2h Limited has also loaned money to O2h Ventures Limited.  The balance due from O2h Ventures Limited at the year end is £258,084 (2024: £nil).

The directors Sunil Shah and Prashant Shah are also directors of O2h Cowork Labs Limited.  O2h Limited has also advanced loans to O2h Cowork Labs Limited.  The balance due from O2h Cowork Labs Limited at the year end was £216,774 (2024: £75,000).

The directors Sunil Shah and Prashant Shah are also director's of O2h Discovery PVT Ltd, a company incorporated in India.  O2h Discovery PVT Ltd provided research services to O2h Ltd of £14,106,960 (2024: £11,734,970).  The balance due to O2h Discovery PVT Ltd at the year end was £2,815,912 (2024: £3,217,804).