REGISTERED NUMBER: 10018497 (England and Wales)

Unaudited Financial Statements

for the period

1 March 2024 to 31 August 2025

for

OBBYCO LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

J Tabari

C I Wang

Registered office:

17 Queens Lane

Newcastle Upon Tyne

NE1 1RN

Registered number:

10018497 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Intangible assets

4

48,939

59,019

Tangible assets

5

-

672

48,939

59,691

Current assets

Debtors

6

13,549

-

Cash at bank

148

333,625

13,697

333,625

Creditors

Amounts falling due within one year

7

63

278,523

Net current assets

13,634

55,102

Total assets less current liabilities

62,573

114,793

Creditors

Amounts falling due after more than one year

8

-

26,296

Net assets

62,573

88,497

Capital and reserves

Called up share capital

9

1

1,905

Share premium

10

-

3,224,202

Retained earnings

10

62,572

(3,137,610

)

Shareholders' funds

62,573

88,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

C I Wang - Director

1.	Statutory information

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on the going concern basis. The company generated profits during the period, and the directors believes that the company has sufficient financial resources to be able to meet its obligations, if and when, they become due, and that the company can continue in operational existence for a period of at least 12 months from the statement of financial position date. On this basis, the directors are of the opinion that they should continue to adopt the going concern basis in preparing the annual financial statements.

Comparative information

The current year figures relate to a period of 18 months. The comparative figures relate to a period of 12 months and are therefore not directly comparable with the current period.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue recognition

Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

Straight line over 3 years

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the period comprises of current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the period was 1 (2024 - 3 ) .

4.	Intangible fixed assets

Patents and

licences

£

Cost

At 1 March 2024

and 31 August 2025

92,910

Amortisation

At 1 March 2024

33,891

Amortisation for period

10,080

At 31 August 2025

43,971

Net book value

At 31 August 2025

48,939

At 29 February 2024

59,019

5.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 March 2024

8,725

Disposals

(8,725

)

At 31 August 2025

-

Depreciation

At 1 March 2024

8,053

Charge for period

611

Eliminated on disposal

(8,664

)

At 31 August 2025

-

Net book value

At 31 August 2025

-

At 29 February 2024

672

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Amounts owed by group undertakings

10,798

-

Other debtors

2,751

-

13,549

-

Amounts owed by group undertakings are unsecured, non-interest bearing and repayable on demand.

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

63

10,335

Trade creditors

-

5,351

Taxation and social security

-

5,162

Other creditors

-

257,675

63

278,523

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

-

26,296

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£0.01

1

1,641

NIL

Deferred

£0.01

-

264

1

1,905

In the period the company purchased back it's share capital. The share capital was then reduced by 164,038 Ordinary shares and 26,400 Deferred shares.

10.

Reserves

During the reporting period, the company undertook a capital reduction, transferring the balance on the share premium account to the profit and loss reserve. This transfer makes the amount distributable as part of retained earnings.

11.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	Ultimate controlling party

The directors are of the opinion that there is no ultimate controlling party.