OTTO TALENTI LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C Rae

Mrs C Rae

REGISTERED OFFICE:

Unit 1, Gate Farm

High Street

Sutton Benger

Chippenham

Wiltshire

SN15 4RE

REGISTERED NUMBER:

11518954 (England and Wales)

ACCOUNTANTS:

Bowen Accountants Ltd

Chartered Accountants

Unit 1 Gate Farm

High Street

Sutton Benger

Chippenham

Wiltshire

SN15 4RE

FIXED ASSETS

Tangible assets

4

1,254

1,357

Investments

5

2,574,570

2,560,119

2,575,824

2,561,476

CURRENT ASSETS

Debtors

6

96,211

100,711

Cash at bank

54,255

41,252

150,466

141,963

CREDITORS

Amounts falling due within one year

7

1,789,212

1,979,085

NET CURRENT LIABILITIES

(1,638,746

)

(1,837,122

)

TOTAL ASSETS LESS CURRENT LIABILITIES

937,078

724,354

PROVISIONS FOR LIABILITIES

8

(216,358

)

(205,275

)

ACCRUALS AND DEFERRED INCOME

(2,599

)

(3,450

)

NET ASSETS

718,121

515,629

CAPITAL AND RESERVES

Called up share capital

250

250

Retained earnings

717,871

515,379

SHAREHOLDERS' FUNDS

718,121

515,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by:

J C Rae - Director

1.	STATUTORY INFORMATION

Otto Talenti Ltd 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 as modified by the revaluation of certain assets.

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:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to work carried out to date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on reducing balance

Fixed asset investments are initially recorded at cost. Listed investments are measured at fair value with changes in fair value being recognised in the profit and loss account.

Taxation

Taxation for the year 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 year 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

4,182

Additions

349

At 31 December 2025

4,531

DEPRECIATION

At 1 January 2025

2,825

Charge for year

452

At 31 December 2025

3,277

NET BOOK VALUE

At 31 December 2025

1,254

At 31 December 2024

1,357

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 January 2025

2,560,119

Additions

130,830

Disposals

(277,509

)

Revaluations

68,463

Exchange differences

92,667

At 31 December 2025

2,574,570

NET BOOK VALUE

At 31 December 2025

2,574,570

At 31 December 2024

2,560,119

Cost or valuation at 31 December 2025 is represented by:

Listed

investments

£

Valuation in 2019

(6,933

)

Valuation in 2020

304,977

Valuation in 2021

269,019

Valuation in 2022

(248,616

)

Valuation in 2023

271,478

Valuation in 2024

274,721

Valuation in 2025

68,463

Cost

1,641,461

2,574,570

If the fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,641,461

1,695,473

Fixed asset investments were valued on an open market basis basis on 31 December 2025 by the investment portfolio managers. .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

4,500

Other debtors

96,211

96,211

96,211

100,711

Other debtors includes an amount of £96,211 representing tax deducted in error from investments managed in Italy. A claim has been made to the Italian tax authorities to recover these monies.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

1,789,212

1,979,085

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

216,358

205,275

Deferred

tax

£

Balance at 1 January 2025

205,275

Revaluation of investments

11,083

Balance at 31 December 2025

216,358