Registration number: 16553890

Otoni Assets Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Otoni Assets Limited

Company Information

Directors

S R Harrison M S Janikiewicz D M Nash J T Dawson

Registered office

9 Carisbrooke Close Wirral Merseyside United Kingdom CH48 2LQ

Otoni Assets Limited

(Registration number: 16553890)
Balance Sheet as at 31 December 2025

	Note	2025 £
Fixed assets
Intangible assets	4	172,500
Current assets
Debtors	5	49,540
Creditors: Amounts falling due within one year	6	(303,694)
Net current liabilities		(254,154)
Net liabilities		(81,654)
Capital and reserves
Called up share capital	7	100
Retained earnings		(81,754)
Shareholders' deficit		(81,654)

For the financial period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 May 2026 and signed on its behalf by:
 

......................................... S R Harrison Director

Otoni Assets Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2025 to 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Carisbrooke Close
Wirral
Merseyside
CH48 2LQ
United Kingdom

These financial statements were authorised for issue by the Board on 22 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax,
returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
It is probable that future economic benefits will flow to the entity; and
Specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Intangible assets

Software costs are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Otoni Assets Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2025 to 31 December 2025

Amortisation

Intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life is three to five years.

Asset class	Amortisation method and rate
Software costs	3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

Otoni Assets Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2025 to 31 December 2025

4	Intangible assets

	Software costs £	Total £
Cost or valuation
At 1 July 2025	-	-
Additions	207,000	207,000
At 31 December 2025	207,000	207,000
Amortisation
At 1 July 2025	-	-
Amortisation charge	34,500	34,500
At 31 December 2025	34,500	34,500
Carrying amount
At 31 December 2025	172,500	172,500

5

Debtors

Current	2025 £
Trade debtors	15,840
Amounts owed by related parties	76
Other debtors	33,624
	49,540

6

Creditors

Creditors: amounts falling due within one year

	2025 £
Due within one year
Amounts owed to group undertakings	300,055
Taxation and social security	2,639
Accruals and deferred income	1,000
	303,694