REGISTERED NUMBER: 09182464 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Open Online Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Harris-Cohen

S Cove

Mrs N Cove

REGISTERED OFFICE:

Suite 1 , Europa House

13 Marsham Way

Gerrards Cross

Buckinghamshire

SL9 8BQ

REGISTERED NUMBER:

09182464 (England and Wales)

ACCOUNTANTS:

BBK Partnership Limited

Chartered Accountants

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

FIXED ASSETS

Tangible assets

4

1,000

1,360

CURRENT ASSETS

Stock of properties

5

1,062,773

666,307

Debtors

6

7,092

16,201

Cash at bank

917

874

1,070,782

683,382

CREDITORS

Amounts falling due within one year

7

1,542,650

1,032,338

NET CURRENT LIABILITIES

(471,868

)

(348,956

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(470,868

)

(347,596

)

CREDITORS

Amounts falling due after more than one year

8

-

34,760

NET LIABILITIES

(470,868

)

(382,356

)

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

(470,968

)

(382,456

)

SHAREHOLDERS' FUNDS

(470,868

)

(382,356

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2026 and were signed on its behalf by:

J Harris-Cohen - Director

1.	STATUTORY INFORMATION

Open Online Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sales of properties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Stocks

Stock of properties are valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 May 2024

and 30 April 2025

12,100

DEPRECIATION

At 1 May 2024

10,740

Charge for year

360

At 30 April 2025

11,100

NET BOOK VALUE

At 30 April 2025

1,000

At 30 April 2024

1,360

5.	STOCK OF PROPERTIES

30.4.25

30.4.24

£

£

Stock of properties

1,062,773

666,307

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Other debtors

5,500

5,500

VAT

1,592

10,701

7,092

16,201

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts (see note 9)

844,718

610,756

Trade creditors

11,528

23,782

Other creditors

684,904

396,599

Accrued expenses

1,500

1,201

1,542,650

1,032,338

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans (see note 9)

-

34,760

30.4.25

30.4.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

7,767

9.

LOANS

An analysis of the maturity of loans is given below:

30.4.25

30.4.24

£

£

Amounts falling due within one year or on demand:

Bank loans

844,718

610,756

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

6,748

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

20,245

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

7,767

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank loan

-

604,008

The bank loan is secured by a charge on the stock of property.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Retained

earnings

£

At 1 May 2024

(382,456

)

Deficit for the year

(88,512

)

At 30 April 2025

(470,968

)

13.	RELATED PARTY DISCLOSURES

Other creditors includes £683,904 (2024: £396,599) an amount due to Open Property Finance Limited and £1,000 due to Open Trading Ltd companies of which both J Harris-Cohen and S Cove are directors and shareholders.

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.