OPEN SOURCE EVENTS LTD


Directors	ABUKALAM, Danny
	JONES, Nicholas Peter


Registered Address	86-90 Paul Street
	London
	EC2A 4NE


Registered Number	11749924 (England and Wales)

Balance Sheet as at
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		164		219
			164		219
Current assets
Debtors	4	10,500		69,117
Cash at bank and on hand		63,251		60,741
		73,751		129,858
Creditors amounts falling due within one year	5	(31,829)		(103,979)
Net current assets (liabilities)			41,922		25,879
Total assets less current liabilities			42,086		26,098
Creditors amounts falling due after one year	6		(2,279)		(6,110)
Provisions for liabilities	7		(31)		(42)
Net assets			39,776		19,946
Capital and reserves
Profit and loss account			39,776		19,946
Reserves			39,776		19,946

The company was entitled to exemption from audit for this reporting period 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.
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 and loss account under section 444 (5A) Companies Act 2006.

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

ABUKALAM, Danny
Director

JONES, Nicholas Peter
Director

Registered Company No. 11749924

OPEN SOURCE EVENTS LTD

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	25

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 July 24	693	693
At 30 June 25	693	693
Depreciation and impairment
At 01 July 24	474	474
Charge for year	55	55
At 30 June 25	529	529
Net book value
At 30 June 25	164	164
At 30 June 24	219	219

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	10,500	-
Other debtors	-	6,707
Prepayments and accrued income	-	62,410
Total	10,500	69,117

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	180	68,651
Bank borrowings and overdrafts	3,831	3,736
Taxation and social security	9,969	1,712
Accrued liabilities and deferred income	17,849	29,880
Total	31,829	103,979

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	2,279	6,110
Total	2,279	6,110

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	31	42
Total	31	42