REGISTERED NUMBER: 13046520 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2025 TO 30 SEPTEMBER 2025

FOR

OPEN LINE VITALY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Bensa

SECRETARY:

EBS Corporate Services Limited

REGISTERED OFFICE:

Innovation Centre

Gallows Hill

Warwick

Warwickshire

CV34 6UW

REGISTERED NUMBER:

13046520 (England and Wales)

AUDITORS:

Luckmans Duckett Parker Limited

Chartered Accountants

Statutory Auditors

1110 Elliott Court

Herald Avenue

Coventry Business Park

Coventry

West Midlands

CV5 6UB

CURRENT ASSETS

Debtors

4

25,227

56,170

Cash at bank

3,005

2,208

28,232

58,378

CREDITORS

Amounts falling due within one year

5

371,377

369,958

NET CURRENT LIABILITIES

(343,145

)

(311,580

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(343,145

)

(311,580

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(344,145

)

(312,580

)

(343,145

)

(311,580

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 February 2026 and were signed by:

J Bensa - Director

1.	STATUTORY INFORMATION

Open Line Vitaly 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Reporting period

These financial statements are prepared for the period 1st January 2025 to 30th September 2025. The comparative results are for the year ended 31st December 2024. The company changed its financial period end date to align with the group in which it is a member.

The principal accounting policies adopted are set out below.

Going concern

The directors have prepared the financial statements on the going concern basis. The directors have considered the following factors in their assessment of going concern.

The immediate parent undertaking, Open Line Vitaly Slovenia (previously Parsek D.O.O.) and fellow group undertaking, Open Line B.V. (now part of Conscia) have agreed to provide financial support to the company for a period of at least 12 months from the date of these financial statements. The financial support includes deferral of repayments in respect of any amounts owing to the respective group undertakings and a commitment to provide further financing, if required. The directors are satisfied that the company has sufficient financial resources to continue trading for the foreseeable future and have no intentions to cease trading. The financial statements have therefore been prepared on the going concern basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of goods to the customer.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from rendering of services is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

31.12.24

£

£

Amounts owed by group undertakings

22,832

22,832

Other debtors

2,395

33,338

25,227

56,170

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

31.12.24

£

£

Trade creditors

-

241

Amounts owed to group undertakings

355,179

281,875

Taxation and social security

1,393

1,497

Other creditors

14,805

86,345

371,377

369,958

6.	LEASING AGREEMENTS

The total of future minimum lease payments under non-cancellable operating leases as at 30 September 2025 is £555 (2024: £1,074).

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Spafford FCA FCCA (Senior Statutory Auditor)

for and on behalf of Luckmans Duckett Parker Limited

8.	ULTIMATE CONTROLLING PARTY

Open Line Vitaly, Slovenia (previously Parsek D.O.O.) is regarded by the directors as being the company's immediate parent undertaking and Conscia, Denmark is the ultimate parent undertaking.

The company address of Conscia, Denmark is:

Kirkebjerg Parkvej 9

2605 Brøndby

Denmark

The parent undertaking of the smallest group, which includes the company and for which consolidated financial statements are prepared, is Open Line Holding II B.V. A copy of the group financial statements can be obtained from their registered office, Amerikalaan 90, 6199 AE Maastricht Airport, Netherlands.

9.	SUBSEQUENT EVENTS

Subsequent to the reporting date, the shareholders have initiated a group restructuring process involving the Company and its related entities within the United Kingdom. As part of this restructuring, the Company will form part of a new group structure under common ownership, which includes Open Line and two other UK-based entities.

The restructuring is expected to be completed during the next financial year, following which consolidated financial statements will be prepared for the newly formed group. This development does not impact the financial position of the Company as at the reporting date.