Company Registration No. 04881598 (England and Wales)
Opendoor Recruitment Limited
Unaudited accounts
for the year ended 31 August 2025
Opendoor Recruitment Limited
Unaudited accounts
Contents
Opendoor Recruitment Limited
Company Information
for the year ended 31 August 2025
Company Number
04881598 (England and Wales)
Registered Office
Unit 21c Horseshoe Park
Horseshoe Road, Pangbourne
Reading
RG8 7JW
England
Opendoor Recruitment Limited
Statement of financial position
as at 31 August 2025
Tangible assets
6,045
8,463
Cash at bank and in hand
215,394
315,614
Creditors: amounts falling due within one year
(14,133)
(37,306)
Net current assets
209,580
278,448
Total assets less current liabilities
215,625
286,911
Provisions for liabilities
Net assets
215,007
285,860
Called up share capital
2
2
Profit and loss account
215,005
285,858
Shareholders' funds
215,007
285,860
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 his 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 20 May 2026 and were signed on its behalf by
Mr David Elliott
Director
Company Registration No. 04881598
Opendoor Recruitment Limited
Notes to the Accounts
for the year ended 31 August 2025
Opendoor Recruitment Limited is a private company, limited by shares, registered in England and Wales, registration number 04881598. The registered office is Unit 21c Horseshoe Park, Horseshoe Road, Pangbourne, Reading, RG8 7JW, England.
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.
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
20% -25% reducing balance
Computer equipment
33.33% straight line
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.
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.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Opendoor Recruitment Limited
Notes to the Accounts
for the year ended 31 August 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2024
12,777
11,598
24,375
At 31 August 2025
12,777
12,089
24,866
At 1 September 2024
6,656
9,256
15,912
Charge for the year
1,256
1,653
2,909
At 31 August 2025
7,912
10,909
18,821
At 31 August 2025
4,865
1,180
6,045
At 31 August 2024
6,121
2,342
8,463
Amounts falling due within one year
Accrued income and prepayments
1,818
140
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
14,133
28,360
Loans from directors
-
790
Opendoor Recruitment Limited
Notes to the Accounts
for the year ended 31 August 2025
7
Deferred taxation
2025
2024
Accelerated capital allowances
618
1,051
Provision at start of year
1,051
1,085
Credited to the profit and loss account
(433)
(34)
Provision at end of year
618
1,051
8
Transactions with related parties
The director maintains a loan account with the company. At the balance sheet date £0 (2024:- £790) was owing to the
director on this account.
During the year the company paid £14,500 in respect of rent to Tamar Property Limited, a company owned by Mr D R Elliott and
Mrs C Elliott, the shareholders of Opendoor Recruitment Limited.
9
Average number of employees
During the year the average number of employees was 4 (2024: 4).