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Company Registration No. 10345619 (England and Wales)
Openrice Limited Unaudited accounts for the year ended 31 August 2025
Openrice Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Openrice Limited Company Information for the year ended 31 August 2025
Director
Chun Man Cheng
Company Number
10345619 (England and Wales)
Registered Office
102 Salmon Lane London E14 7PQ England
Accountants
Artifin Accountants Docklands Business Centre Suite 12/3D, 10-16 Tiller Road, Dockland London E14 8PX
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Openrice Limited Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,366
801,822
Current assets
Debtors
5
73,143
34,268
Cash at bank and in hand
169,616
16,663
242,759
50,931
Creditors: amounts falling due within one year
6
(306,855)
(327,337)
Net current liabilities
(64,096)
(276,406)
Total assets less current liabilities
(62,730)
525,416
Creditors: amounts falling due after more than one year
7
(21,535)
(635,171)
Net liabilities
(84,265)
(109,755)
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
(84,365)
(109,855)
Shareholders' funds
(84,265)
(109,755)
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 11 August 2026 and were signed on its behalf by
Chun Man Cheng Director Company Registration No. 10345619
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Openrice Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Openrice Limited is a private company, limited by shares, registered in England and Wales, registration number 10345619. The registered office is 102 Salmon Lane, London, E14 7PQ, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
25% Straight Line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
£
£
£
Cost or valuation
At valuation
At cost
At 1 September 2024
800,000
2,446
802,446
Revaluations
85,941
-
85,941
Disposals
(885,941)
-
(885,941)
At 31 August 2025
-
2,446
2,446
Depreciation
At 1 September 2024
-
624
624
Charge for the year
-
456
456
At 31 August 2025
-
1,080
1,080
Net book value
At 31 August 2025
-
1,366
1,366
At 31 August 2024
800,000
1,822
801,822
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Openrice Limited Notes to the Accounts for the year ended 31 August 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
34,268
34,268
Other debtors
38,875
-
73,143
34,268
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
1,200
1,200
Loans from directors
305,655
326,137
306,855
327,337
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
21,535
635,171
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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