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Registration number: 16242542

OTE Ventures Ltd
Unaudited Filleted Financial Statements
for the Period from 10 February 2025 to 28 February 2026

OTE Ventures Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

OTE Ventures Ltd

Company Information

Directors | G A Usher J G Gateshill

Registered office | Walkergate House 67 Walkergate Beverley East Yorkshire HU17 9BP

OTE Ventures Ltd

(Registration number: 16242542)
Balance Sheet as at 28 February 2026

| Note | 2026 £
Fixed assets |  |
Investment property | 4 | 658,701
Current assets |  |
Debtors | 5 | 10
Cash at bank and in hand |  | 1,683
|  | 1,693
Creditors: Amounts falling due within one year | 6 | (212,976)
Net current liabilities |  | (211,283)
Total assets less current liabilities |  | 447,418
Creditors: Amounts falling due after more than one year | 6 | (442,792)
Net assets |  | 4,626
Capital and reserves |  |
Called up share capital |  | 10
Retained earnings |  | 4,616
Shareholders' funds |  | 4,626

For the financial period ending 28 February 2026 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 7 May 2026 and signed on its behalf by:

......................................... G A Usher Director
......................................... J G Gateshill Director

OTE Ventures Ltd

Notes to the Unaudited Financial Statements for the Period from 10 February 2025 to 28 February 2026

1 | General information

The company is a private company limited by share capital incorporated in England & Wales and the company registration number is 16242542.

The address of its registered office is:
Walkergate House
67 Walkergate
Beverley
East Yorkshire
HU17 9BP

These financial statements were authorised for issue by the Board on 7 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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover represents rents receivable, excluding value added tax.

Tax

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 subsequently enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

The Company classifies land and buildings as investment property when it is held to earn rentals or for capital appreciation, or both. Investment properties are initially measured at cost which comprises the purchase price and any directly attributable expenditure.
Investment properties are subsequently remeasured to fair value at each reporting date with changes in fair value recognised in profit or loss. Revaluations are carried out by a professional qualified valuer.

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.

OTE Ventures Ltd

Notes to the Unaudited Financial Statements for the Period from 10 February 2025 to 28 February 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 2.

4 | Investment properties

| 2026 £
Additions | 658,701
At 28 February | 658,701

Investment property was deemed to be valued at fair value by the directors at the balance sheet date.
There has been no valuation of investment property by an independent valuer.

5 | Debtors

| 2026 £
Other debtors | 10
| 10

OTE Ventures Ltd

Notes to the Unaudited Financial Statements for the Period from 10 February 2025 to 28 February 2026

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £
Due within one year |  |
Loans and borrowings | 7 | 37,767
Taxation and social security |  | 1,673
Accruals and deferred income |  | 2,040
Other creditors |  | 171,496
|  | 212,976

Creditors: amounts falling due after more than one year

| Note | 2026 £
Due after one year |  |
Loans and borrowings | 7 | 442,792

| 2026 £
Due after more than five years |
After more than five years by instalments | 291,725

| -

7 | Loans and borrowings

Non-current loans and borrowings

| 2026 £
Bank borrowings | 442,792

Current loans and borrowings

| 2026 £
Bank borrowings | 37,767

The bank loan is secured by fixed and floating charges over the property.