Odity London Ltd - Filleted accounts

Registered number

09888471

Odity London Ltd

Filleted Accounts

31 December 2024

Odity London Ltd
Registered number:		09888471
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	4		319			-

Current assets
Debtors	5	577,974			558,098
Cash at bank and in hand		65,570			73,782
		643,544			631,880

Creditors: amounts falling due within one year	6	(705,554)			(700,414)

Net current liabilities			(62,010)			(68,534)

Net liabilities			(61,691)			(68,534)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(61,692)			(68,535)

Shareholder's funds			(61,691)			(68,534)

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




B Vorilhon
Director
Approved by the board on 3 December 2025

Odity London Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment		25% straight line
	IT equipment		50% straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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.

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


2	Audit information

	As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006. The auditor's report was qualified and the auditor reported as follows: Qualified Opinion We have audited the accounts of Odity London Ltd for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and notes to the accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). In our opinion, except for the effects of the matter described in the Qualified opinion paragraph the financial statements: •give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended; •have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; •have been prepared in accordance with the requirements of the Companies Act 2006.
	We were unable to obtain confirmation regarding the accuracy and completeness of the balances with the following group companies: • The intercompany customer account with ASM France which is included in the financial statements for £501,126 • The intercompany customer account with ASM USA which is included in the financial statements for £64,948 • The intercompany supplier account with ASM USA lightbox which is included in the financial statements for £-165,219 • The intercompany supplier account with ASM Belgium which is included in the financial statements for £-11,592 • The intercompany supplier account with Odity Honk Kong which is included in the financial statements for £-129,379 • The intercompany supplier account with Odity New-york which is included in the financial statements for £-67,097 • The intercompany creditor account with ASM Belgium which is included in the financial statements for £-8,336 • The intercompany creditor account with ASM SA which is included in the financial statements for £-152,698 Basis of qualified opinion There is potential for the uncertainties to interact with one another such that we have been unable to obtain sufficient appropriate audit evidence regarding the possible effect of the uncertainties taken together.

	Senior statutory auditor:	Olivier P.J. Foucault
	Firm:	FC Expertise Ltd
	Date of audit report:	3 December 2025


3	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			4		5


4	Tangible fixed assets
						Office & IT equipment
£
	Cost
	At 1 January 2024					16,048
	Additions					637
	At 31 December 2024					16,685

	Depreciation
	At 1 January 2024					16,048
	Charge for the year					318
	At 31 December 2024					16,366

	Net book value
	At 31 December 2024					319


5	Debtors			2024		2023
£					£

	Trade debtors			570,804		550,661
	Other debtors			7,170		7,437
				577,974		558,098

	Trade debtors includes - an amount of £501,126 (2023: £451,350) owed to Approche Sur Mesure ASM SA, the parent company. - an amount of £64,948 (2023: £64,948) owed to Odity New York Inc formely Approche Sur Mesure USA Inc, the parent company.

6	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			518,707		498,064
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			161,034		167,979
	Taxation and social security costs			7,485		11,680
	Other creditors			18,328		22,691
				705,554		700,414

	Trade creditors includes: - an amount of £11,592 (2023: £12,092) owed to Approche Sur Mesure Belgium, an associated company. - an amount of £129,379(2023: £117,414) owed to Odity Hong Kong Ltd formerly A.S.M. China Ltd, an associated company. - an amount of £82,402 (2023: £86,233 ) owed to Approche Sur Mesure ASM SA, the parent company. - an amount of £67,096 (2023: £56,337 ) owed to Odity New York Inc formerly ASM USA Inc, an associated company.

7	Related party transactions			2024		2023
	Approche Sur Mesure ASM SA			£	£
	Parent company
	During the year, Approche Sur Mesure ASM SA did not make any additional payment to the company. The interest free loan remains at 183,176 euros to assist the company with cash-flow.
	Amount due to the related party			152,697		159,284

	Approche Sur Mesure Belgium
	Associated company
	During the year, Approche Sur Mesure Belgium did not make any advances to the company. The loan remains at 10,000 euros to assist the company with cash-flow.
	Amount due to the related party			8,336		8,595

	Odity New York Inc formerly ASM USA Inc
	Associated company
	During the year, Odity Ltd raised invoices of £0 (2023: £3,849 ) to Odity Hong Kong Inc formerly ASM USA Inc. All transactions were conducted on an arms length basis.
	Amount due to the related party			64,948		64,948

	Approche Sur Mesure ASM SA
	Parent company
	During the year, Odity UK Ltd invoiced an amount of £50,241 (2023: £78,653) to Approche Sur Mesure ASM SA for services in respect of its clients. All transactions were conducted on an arms length basis.
	Amount due to the related party			490,340		451,350

	Odity Hong Kong Ltd formerly A.S.M. China Ltd
	Associated company
	During the year,Odity Hong Kong Ltd formerly A.S.M China Ltd invoiced Odity UK Ltd an amount of £11,964 (2022: £15,797) for services in respect of its client. All transcations were conducted on an arms length basis.
	Amount due to the related party			129,379		117,414

	Approche Sur Mesure Belgium
	Associated company
	During the year, Approche Sur Mesure Belgium did not invoice Odity UK Ltd (2023: £nil).
	Amount due to the related party			11,592		12,092

	Approche Sur Mesure ASM SA
	Parent company
	During the year, Approche Sur Mesure ASM SA raised a credit note a total amount of £265 (2023: £35,014) to Odity UK Ltd in respect of management fees, telephone and marketing costs. All transactions were conducted on an arms length basis.
	Amount due to the related party			82,402		86,232

	Odity New York Inc formerly Approche Sur Mesure USA Inc
	Associated company
	During the year, Odity New York Inc formelly A.S.M USA Inc invoiced a total amount of £10,759(2023: £13,421) to Odity UK Ltd in respect of customers services support. All transactions were conducted on an arms length basis.
	Amount due to the related party			232,314		223,216

8	Controlling party

	Approche Sur Mesure ASM SA, a company incorporated in France, controls the company by virtue of its 100%.


9	Other information

	Odity London Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Brenchley House
	Brenchley Mews
	Charing
	Kent
	TN27 0JW

10	Going concern

	The accounts have been prepared on the going concern basis. The shareholders have confirmed that they will continue to provide finance to enable the company to meet its financial obligations for a period of at least one year.