3 false false false false false false false false false false true false false false false false false No description of principal activity 2024-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 10,649 1,249 11,898 10,405 660 11,065 833 244 xbrli:pure xbrli:shares iso4217:GBP 08712474 2024-07-01 2025-06-30 08712474 2025-06-30 08712474 2024-06-30 08712474 2023-07-01 2024-06-30 08712474 2024-06-30 08712474 2023-06-30 08712474 bus:Director1 2024-07-01 2025-06-30 08712474 core:WithinOneYear 2025-06-30 08712474 core:WithinOneYear 2024-06-30 08712474 core:AfterOneYear 2025-06-30 08712474 core:AfterOneYear 2024-06-30 08712474 core:ShareCapital 2025-06-30 08712474 core:ShareCapital 2024-06-30 08712474 core:RetainedEarningsAccumulatedLosses 2025-06-30 08712474 core:RetainedEarningsAccumulatedLosses 2024-06-30 08712474 bus:SmallEntities 2024-07-01 2025-06-30 08712474 bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 08712474 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 08712474 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 08712474 bus:FullAccounts 2024-07-01 2025-06-30 08712474 core:OfficeEquipment 2024-07-01 2025-06-30 08712474 core:OfficeEquipment 2024-06-30 08712474 core:OfficeEquipment 2025-06-30 08712474 core:ImmediateParent 2024-07-01 2025-06-30
COMPANY REGISTRATION NUMBER: 08712474

OtherLevels Limited

Filleted Unaudited Financial Statements

30 June 2025

OtherLevels Limited

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 833 | 244

Current assets

Debtors | 6 | 1,652,197 |  | 1,446,706
Cash at bank and in hand | 74,381 |  | 24,042
| ------------- |  | -------------
| 1,726,578 |  | 1,470,748

Creditors: amounts falling due within one year | 7 | 1,174,058 |  | 1,100,626
| ------------- |  | -------------
Net current assets |  | 552,520 | 370,122
|  | ---------- | ----------
Total assets less current liabilities |  | 553,353 | 370,366

Creditors: amounts falling due after more than one year | 8 |  | 888,662 | 1,241,833
|  | ---------- | -------------
Net liabilities |  | ( 335,309) | ( 871,467)
|  | ---------- | -------------

Capital and reserves

Called up share capital |  | 1 | 1
Profit and loss account |  | ( 335,310) | ( 871,468)
|  | ---------- | ----------
Shareholders deficit |  | ( 335,309) | ( 871,467)
|  | ---------- | ----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

OtherLevels Limited

Statement of Financial Position (continued)

30 June 2025
These financial statements were approved by the board of directors and authorised for issue on 16 April 2026 , and are signed on behalf of the board by:

B P O'Kane |
Director |

Company registration number: 08712474

OtherLevels Limited

Notes to the Financial Statements

Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Castle Business Village, Station Road, Hampton, TW12 2BX, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is dependent upon the other group companies for its continuing operations. The directors have prepared the accounts on a going concern basis on the assumption that this support will be ongoing for a period of at least 12 months from the date of approval of the accounts.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Equipment | - | 25% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 4 ).
5. Tangible assets

| Equipment
| £
Cost |
At 1 July 2024 | 10,649
Additions | 1,249
| ---------
At 30 June 2025 | 11,898
| ---------
Depreciation |
At 1 July 2024 | 10,405
Charge for the year | 660
| ---------
At 30 June 2025 | 11,065
| ---------
Carrying amount |
At 30 June 2025 | 833
| ---------
At 30 June 2024 | 244
| ---------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 50,148 | 172,918
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 1,453,285 | 1,201,180
Other debtors | 148,764 | 72,608
| ------------- | -------------
| 1,652,197 | 1,446,706
| ------------- | -------------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 9,170 | 10,000
Trade creditors | 1,565 | 1,495
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 5 | 176,160
Social security and other taxes | 122,068 | 106,229
Other creditors | 1,041,250 | 806,742
| ------------- | -------------
| 1,174,058 | 1,100,626
| ------------- | -------------

8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 9,167
Other creditors | 888,662 | 1,232,666
| ---------- | -------------
| 888,662 | 1,241,833
| ---------- | -------------

9. Related party transactions
The company was a subsidiary of OtherLevels Inc, incorporated in the US. The ultimate parent company was OtherLevels Holdings Limited, incorporated in Australia. At the period end the company owed £5 (2024: £176,160) to its parent company OtherLevels Inc and the company was owed £1,367,661 (2024: £1,107,353) by OtherLevels Pty Limited a sister subsidiary, incorporated in Australia. The company is owed £85,624 (2024: £93,827) by the ultimate parent company OtherLevels Holdings Limited at 30 June 2025. It is the intention that these loans will be repaid over time.