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Company Registration No. 10193156 (England and Wales)
NEW ODYSSEY LTD Unaudited accounts for the year ended 31 May 2025
NEW ODYSSEY LTD Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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NEW ODYSSEY LTD Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,659
6,093
Investments
5
16,669
16,669
19,328
22,762
Current assets
Debtors
6
69,379
48,906
Cash at bank and in hand
(6)
4,137
69,373
53,043
Creditors: amounts falling due within one year
7
(6,805)
(10,586)
Net current assets
62,568
42,457
Total assets less current liabilities
81,896
65,219
Creditors: amounts falling due after more than one year
8
(79,518)
(57,144)
Net assets
2,378
8,075
Capital and reserves
Called up share capital
1
1
Profit and loss account
2,377
8,074
Shareholders' funds
2,378
8,075
For the year ending 31 May 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 April 2026 and were signed on its behalf by
Ademola Adetokunbo Oluwasola Afolabi Director Company Registration No. 10193156
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NEW ODYSSEY LTD Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
NEW ODYSSEY LTD is a private company, limited by shares, registered in England and Wales, registration number 10193156. The registered office is 36 SLADE GARDENS, ERITH, DA8 2HT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
5
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 June 2024
13,161
Additions
191
At 31 May 2025
13,352
Depreciation
At 1 June 2024
7,068
Charge for the year
3,625
At 31 May 2025
10,693
Net book value
At 31 May 2025
2,659
At 31 May 2024
6,093
5
Investments
Other investments
£
Valuation at 1 June 2024
16,669
Valuation at 31 May 2025
16,669
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NEW ODYSSEY LTD Notes to the Accounts for the year ended 31 May 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
69,379
48,906
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
158
2,243
Taxes and social security
4,431
2,969
Other creditors
-
3,774
Accruals
2,216
1,600
6,805
10,586
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Taxes and social security
79,518
57,144
9
Transactions with related parties
Included within Other Debtors is amount £41,649 owed by companies held under common control of directors Mr Ademola Adetokunbo Oluwasola Afolabi
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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