Open Geospatial Consortium (Europe) Limited
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 03999270 (England and Wales)
Open Geospatial Consortium (Europe) Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Open Geospatial Consortium (Europe) Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
367,231
99,603
Cash at bank and in hand
366,668
672,246
733,899
771,849
Creditors: amounts falling due within one year
5
(591,224)
(586,402)
Net current assets
142,675
185,447
Capital and reserves
Called up share capital
-
0
-
0
Profit and loss reserves
142,675
185,447
Total equity
142,675
185,447

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

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the board of directors and authorised for issue on 22 April 2026 and are signed on its behalf by:
P Rabley
Director
Company Registration No. 03999270
OPEN GEOSPATIAL CONSORTIUM (EUROPE) LIMITED
Open Geospatial Consortium (Europe) Limited
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2024
Page 2
1
Accounting policies
Company information

Open Geospatial Consortium (Europe) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 275 New North Road, Suite 1786, Islington, London, United Kingdom, N1 7AA.

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £. The company previously used € as its presentational currency, however the directors feel that presenting in £ more fairly reflects the activities of the company and accordingly these financial statements are presented in £ including the comparative information.

The financial statements, which are those of Open Geospatial Consortium (Europe) Limited as an individual entity, have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents grants receivable and project services provided. Income is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and direct costs, as a proportion of total costs. Income received in the year has been deferred where the company has received funds in advance of work being performed and is accrued here expenditure has been incurred on specific approved projects in advance of the receipt of funds.

1.4
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:

Fixtures, fittings & equipment
3 years straight line 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.

OPEN GEOSPATIAL CONSORTIUM (EUROPE) LIMITED
Open Geospatial Consortium (Europe) Limited
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 3
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Debtors and creditors

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans and other debtors receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors and other current creditors payable on demand are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

1.7
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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

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

1.8
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

OPEN GEOSPATIAL CONSORTIUM (EUROPE) LIMITED
Open Geospatial Consortium (Europe) Limited
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 4
1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Foreign exchange

Transactions in currencies other than £ are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit or loss for the period.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 4 (2023 - 6).

2024
2023
Number
Number
Total
4
6
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 and 31 December 2024
3,025
Depreciation and impairment
At 1 January 2024 and 31 December 2024
3,025
Carrying amount
At 31 December 2024
-
0
At 31 December 2023
-
0
OPEN GEOSPATIAL CONSORTIUM (EUROPE) LIMITED
Open Geospatial Consortium (Europe) Limited
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 31 December 2024
Page 5
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
354,543
70,135
Corporation tax recoverable
12,688
-
0
Amounts owed by group undertakings
-
0
28,605
Prepayments and accrued income
-
0
863
367,231
99,603
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
144,908
13,486
Amounts owed to group undertakings
267,926
441,405
Corporation tax
-
0
12,688
Other taxation and social security
73,373
24,466
Other creditors
-
17,162
Accruals and deferred income
105,017
77,195
591,224
586,402
6
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £100.

7
Related party transactions

The company has taken advantage of the exemption from disclosing transactions with members within a wholly owned group.

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