Company registration number 03745443 (England and Wales)
OPENSUBJECT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
OPENSUBJECT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
OPENSUBJECT LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
2,209
Current assets
Debtors
4
35,972
81,893
Cash at bank and in hand
186
186
36,158
82,079
Creditors: amounts falling due within one year
5
(1,509)
(1,382)
Net current assets
34,649
80,697
Net assets
34,649
82,906
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
34,549
82,806
Total equity
34,649
82,906

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 8 February 2026
S H Taylor
Director
Company registration number 03745443 (England and Wales)
OPENSUBJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
1
Accounting policies
Company information

Opensubject Limited is a private company limited by shares incorporated in England and Wales. The registered office is 20 Harden Hills, Shaw, Oldham, Greater Manchester, OL2 8TH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% reducing balance basis
Office equipment
25% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

OPENSUBJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
1
3
Tangible fixed assets
Plant and equipment
Office equipment
Total
£
£
£
Cost
At 1 May 2024
2,424
3,699
6,123
Disposals
(2,424)
(3,699)
(6,123)
At 30 April 2025
-
0
-
0
-
0
Depreciation and impairment
At 1 May 2024
1,269
2,645
3,914
Eliminated in respect of disposals
(1,269)
(2,645)
(3,914)
At 30 April 2025
-
0
-
0
-
0
Carrying amount
At 30 April 2025
-
0
-
0
-
0
At 30 April 2024
1,155
1,054
2,209
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
35,972
81,893
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
-
0
107
Other creditors
1,509
1,275
1,509
1,382
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