Company Registration No. 04180041 (England and Wales)
Otv Ltd.
Unaudited accounts
for the year ended 31 August 2025
Otv Ltd.
Unaudited accounts
Contents
Otv Ltd.
Company Information
for the year ended 31 August 2025
Director
Rayah Ann Pestano Evans
Secretary
Suraya Anne Wright
Company Number
04180041 (England and Wales)
Accountants
The Tax Farm
Hare House
732 Whittingham Lane
Preston
PR3 2JJ
Otv Ltd.
Statement of financial position
as at 31 August 2025
Cash at bank and in hand
242
1
Creditors: amounts falling due within one year
(125)
779
Net current assets
155
780
Total assets less current liabilities
1,047
2,071
Provisions for liabilities
Called up share capital
100
100
Share premium
21,978
21,978
Capital redemption reserve
22
22
Profit and loss account
(21,053)
(20,274)
Shareholders' funds
1,047
1,826
For the year ending 31 August 2025 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 May 2026 and were signed on its behalf by
Rayah Ann Pestano Evans
Director
Company Registration No. 04180041
Otv Ltd.
Notes to the Accounts
for the year ended 31 August 2025
Otv Ltd. is a private company, limited by shares, registered in England and Wales, registration number 04180041.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Reducing Balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Otv Ltd.
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2024
27,568
322,328
349,896
At 31 August 2025
27,568
322,328
349,896
At 1 September 2024
27,231
321,374
348,605
Charge for the year
84
315
399
At 31 August 2025
27,315
321,689
349,004
At 31 August 2025
253
639
892
At 31 August 2024
337
954
1,291
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
372
Loans from directors
(1,817)
(1,816)
7
Deferred taxation
2025
2024
Accelerated capital allowances
245
245
Other deferred taxation
(245)
-
Provision at start of year
245
357
Credited to the profit and loss account
(245)
(112)
Provision at end of year
-
245
8
Average number of employees
During the year the average number of employees was 0 (2024: 1).