REGISTERED NUMBER: 02721790 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

OPENSTREAM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R N Gwilliam

SECRETARY:

Mrs J P Gwilliam

REGISTERED OFFICE:

12 Kynegils Road

Winchester

Hampshire

SO22 6DF

REGISTERED NUMBER:

02721790 (England and Wales)

ACCOUNTANTS:

MGR SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Tangible assets

4

1,491

1,578

CURRENT ASSETS

Debtors

5

103,320

100,856

Cash at bank

7,008

25,170

110,328

126,026

CREDITORS

Amounts falling due within one year

6

(108,555

)

(126,424

)

NET CURRENT ASSETS/(LIABILITIES)

1,773

(398

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,264

1,180

PROVISIONS FOR LIABILITIES

8

(373

)

(300

)

NET ASSETS

2,891

880

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

2,791

780

SHAREHOLDERS' FUNDS

2,891

880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 13 February 2026 and were signed by:

Mr R N Gwilliam - Director

1.	STATUTORY INFORMATION

Openstream 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern

There are net current asset of £1,773 (2024: net current liability of £398) at the balance sheet date. The director has given assurances that he will support the company to meet its day to day liabilities as and when they fall due. In view of this, the director is of the opinion that the going concern basis is appropriate in the preparation of the company's financial statements.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2024

21,654

13,369

35,023

Additions

-

410

410

At 31 August 2025

21,654

13,779

35,433

DEPRECIATION

At 1 September 2024

21,581

11,864

33,445

Charge for year

18

479

497

At 31 August 2025

21,599

12,343

33,942

NET BOOK VALUE

At 31 August 2025

55

1,436

1,491

At 31 August 2024

73

1,505

1,578

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Other debtors

103,320

100,856

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts (see note 7)

4,772

9,538

Trade creditors

(40

)

-

Taxation and social security

103,823

116,886

108,555

126,424

7.

LOANS

An analysis of the maturity of loans is given below:

31.8.25

31.8.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

4,772

9,538

8.	PROVISIONS FOR LIABILITIES

31.8.25

31.8.24

£

£

Deferred tax

Accelerated capital allowances

373

300

Deferred

tax

£

Balance at 1 September 2024

300

Provided during year

73

Balance at 31 August 2025

373

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

Mr R N Gwilliam

Balance outstanding at start of year

92,596

59,609

Amounts advanced

114,423

133,512

Amounts repaid

(103,699

)

(100,525

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

103,320

92,596