Company Registration No. 10345619 (England and Wales)
Openrice Limited
Unaudited accounts
for the year ended 31 August 2025
Openrice Limited
Unaudited accounts
Contents
Openrice Limited
Company Information
for the year ended 31 August 2025
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
Openrice Limited
Statement of financial position
as at 31 August 2025
Tangible assets
1,366
801,822
Cash at bank and in hand
169,616
16,663
Creditors: amounts falling due within one year
(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
(21,535)
(635,171)
Net liabilities
(84,265)
(109,755)
Called up share capital
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
Openrice Limited
Notes to the Accounts
for the year ended 31 August 2025
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.
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
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
At 1 September 2024
-
624
624
Charge for the year
-
456
456
At 31 August 2025
-
1,080
1,080
At 31 August 2025
-
1,366
1,366
At 31 August 2024
800,000
1,822
801,822
Openrice Limited
Notes to the Accounts
for the year ended 31 August 2025
Amounts falling due within one year
Trade debtors
34,268
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
7
Creditors: amounts falling due after more than one year
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).