OGADA_ENTERPRISE_LTD_30_Nov_2025_companies_house_set_of

OGADA ENTERPRISE LTD

Statement of Financial Position

30 November 2025

		2025		2024
	Note	£		£
Fixed assets
Intangible assets	5	27		15
Tangible assets	6	37,417		26,895
		37,444		26,910
Current assets
Debtors	7	171,290		5,000
Cash at bank and in hand		3,155,278		54,027
		3,326,568		59,027
Creditors: amounts falling due within one year	8	(545,808	)	-
Net current assets		2,780,760		59,027
Total assets less current liabilities		2,818,204		85,937
Creditors: amounts falling due after more than one year	9	(40,837	)	(65,837	)
Provisions for liabilities		(8,743	)	-
Net assets		2,768,624		20,100
Capital and reserves
Called up share capital		100		100
Profit and loss account		2,768,524		20,000
Shareholders funds		2,768,624		20,100

For the year ending

30 November 2025

, 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 financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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 income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

3 August 2026

, and are signed on behalf of the board by:

Mr Charel Ogada

Director

Company registration number:

15337593

OGADA ENTERPRISE LTD

Notes to the Financial Statements

Year ended

30 November 2025

1 General information

OGADA ENTERPRISE LTD is a private company, limited by shares and is registered in England and Wales. The address of the registered office is 73 Cornhill, London, EC3V 3QQ, England. The registration number is 15337593.

2 Statement of compliance

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, services rendered, and investment activities, net of discounts and Value Added Tax.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Turnover from investment activities is recognised when the income is earned, and it is probable that the economic benefits will flow to the entity. This includes interest, dividends, and gains on the disposal of investments, which are measured reliably and accounted for at fair value.

Research and development expenditure

Research and development expenditure is charged to the income statement in the period in which it is incurred.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment	20% straight line
Fixtures and fittings	20% straight line
Plant and machinery	20% straight line

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

2.00

5 Intangible assets

	Other intangible assets
	£
Cost
At 1 December 2024	15
Additions	12
At 30 November 2025	27
Amortisation
At 1 December 2024 and 30 November 2025	-
Carrying amount
At 30 November 2025	27
At 30 November 2024	15

6 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 December 2024	26,895
Additions	19,876
At 30 November 2025	46,771
Depreciation
At 1 December 2024	-
Charge	9,354
At 30 November 2025	9,354
Carrying amount
At 30 November 2025	37,417
At 30 November 2024	26,895

7 Debtors

	2025		2024
	£		£
Trade debtors	171,290		5,000

8 Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	95,446	-
Trade creditors	83,908	-
Taxation and social security	366,454	-
	545,808	-

9 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Trade creditors	40,837		65,837

10 Controlling party

The company's ultimate controlling party is Mr Charel Ogada by virtue of his interest in the share capital of the company.