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# OTG BIDCO LIMITED

## Company Registration Number:
11426831 (England and Wales)

## Unaudited abridged accounts for the year ended 30 June 2025

## Period of accounts

## Start date: 01 July 2024

## End date: 30 June 2025

# OTG BIDCO LIMITED

## Contents of the Financial Statements

for the Period Ended 30 June 2025

Balance sheet |
Notes |

# OTG BIDCO LIMITED

## Balance sheet

As at 30 June 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Investments: | 3 | 332,833 | 302,500
Total fixed assets: |  | 332,833 | 302,500
Current assets
Debtors: | 4 | 74,163 | 72,929
Total current assets: |  | 74,163 | 72,929
Creditors: amounts falling due within one year: | 5 | (30,363,722) | (27,508,395)
Net current assets (liabilities): |  | (30,289,559) | (27,435,466)
Total assets less current liabilities: |  | (29,956,726) | (27,132,966)
Total net assets (liabilities): |  | (29,956,726) | (27,132,966)
Capital and reserves
Called up share capital: |  | 93,500 | 93,500
Profit and loss account: |  | (30,050,226) | (27,226,466)
Shareholders funds: |  | (29,956,726) | (27,132,966)

The notes form part of these financial statements

# OTG BIDCO LIMITED

## Balance sheet statements

For the year ending 30 June 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 05 March 2026
and signed on behalf of the board by:

Name: N R Wilson
Status: Director

The notes form part of these financial statements

# OTG BIDCO LIMITED

## Notes to the Financial Statements

for the Period Ended 30 June 2025

## 1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

## Valuation and information policy

Fixed asset investments: Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

## Other accounting policies

Going concern: Following the disposal of OTG Midco Limited, the Company no longer has any external debt. The Group now comprises of two entities: OTG Topco Limited and OTG Bidco Limited, both companies operate as holding companies. The main asset of OTG Bidco is its minority shareholding in OTG Midco, but the Group has no liabilities for any debts of OTG Midco Limited. The A1 and A2 loan notes were repayable on 30 June 2024 but will continue to be rolled forward. Future cash outflows of OTG Bidco will be minimal, and the directors consider that the group and company has adequate resources to cover these outgoings for a period of at least 12 months from the date of approval of these financial statements. Accordingly the financial statements of the company have been prepared on a going concern basis.

# OTG BIDCO LIMITED

## Notes to the Financial Statements

for the Period Ended 30 June 2025

## 2. Employees

| 2025 | 2024
--- | --- | ---
Average number of employees during the period | 0 | 0

# OTG BIDCO LIMITED

## Notes to the Financial Statements

for the Period Ended 30 June 2025

## 3. Fixed investments

Shares in group undertakings and other investments £332,833 (2024: £302,500). In December 2021, OTG Bidco Limited sold 100% of the share capital of OTG Midco Limited, and its subsidiary Go Travelling Limited, to Red OTG Bidco Limited, a company incorporated in England and Wales, in exchange for 8% of ordinary shares and £250,000 Loan Notes in the newly formed group. The Loan Notes additions in the year comprises rolled up interest receivable of £30,333 (2024: £15,000).

# OTG BIDCO LIMITED

## Notes to the Financial Statements

for the Period Ended 30 June 2025

## 4. Debtors

Amounts due from group undertakings £38,512 (2024: £38,512) Other debtors £35,651 (2024: £34,417)

# OTG BIDCO LIMITED

## Notes to the Financial Statements

for the Period Ended 30 June 2025

## 5. Creditors: amounts falling due within one year note

Other creditors £30,363,722 (2024: £27,508,395) Other creditors consists of A1 and A2 loan notes of £30,359,906 (2024: £27,504,579), which accrue interest at 10% per annum. These were repayable on 30 June 2024, however the repayment was not made at this date and the loans will continue to be rolled forward.