| Openstart Limited |
| Registered number: |
04200115 |
| Balance Sheet |
| as at 30 September 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
- |
|
|
4,925,014 |
|
| Current assets |
| Debtors |
4 |
|
114,722 |
|
|
423,575 |
| Cash at bank and in hand |
|
|
- |
|
|
12,072 |
|
|
|
114,722 |
|
|
435,647 |
|
| Creditors: amounts falling due within one year |
5 |
|
(313,178) |
|
|
(2,747,929) |
|
| Net current liabilities |
|
|
|
(198,456) |
|
|
(2,312,282) |
|
| Total assets less current liabilities |
|
|
|
(198,456) |
|
|
2,612,732 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
- |
|
|
(2,228,283) |
|
| Provisions for liabilities |
|
|
|
- |
|
|
(16,799) |
|
|
| Net (liabilities)/assets |
|
|
|
(198,456) |
|
|
367,650 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(198,556) |
|
|
367,550 |
|
| Shareholder's funds |
|
|
|
(198,456) |
|
|
367,650 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| Mr H Tehrani |
| Director |
| Approved by the board on 21 September 2026 |
|
| Openstart Limited |
| Notes to the Accounts |
| for the year ended 30 September 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
|
|
Plant and machinery |
33% reducing balance |
|
Motor vehicles |
8 year straight line (12.5%) |
|
|
The director has reviewed the accounting policy for depreciation. In his view the useful life of motor vehicles should be amended to 8 years. Depreciation is charged at 12.5% per annum on a straight line basis. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 October 2024 |
82,228 |
|
10,487,948 |
|
10,570,176 |
|
Disposals |
(82,228) |
|
(10,487,948) |
|
(10,570,176) |
|
At 30 September 2025 |
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2024 |
73,851 |
|
5,571,311 |
|
5,645,162 |
|
On disposals |
(73,851) |
|
(5,571,311) |
|
(5,645,162) |
|
At 30 September 2025 |
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2025 |
- |
|
- |
|
- |
|
At 30 September 2024 |
8,377 |
|
4,916,637 |
|
4,925,014 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
114,722 |
|
423,575 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
42,908 |
|
Obligations under finance lease and hire purchase contracts |
- |
|
778,654 |
|
Trade creditors |
- |
|
92,749 |
|
Taxation and social security costs |
82,591 |
|
174,655 |
|
Other creditors |
230,587 |
|
1,658,963 |
|
|
|
|
|
|
313,178 |
|
2,747,929 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
- |
|
2,228,283 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Transactions with the director |
2025 |
|
2024 |
| £ |
£ |
|
There were no transactions with the directors in the year. At the year end the company owed the director £200,000 [2024 - £200,000]. |
|
| 8 |
Related party transactions |
|
|
Parham Ltd |
|
The company is related to Parham Ltd by virtue of common control. The balance outstanding at the year end is interest free and repayable on demand. The amount due to and from these related parties at the year end were as follows: |
|
|
The amount due (to) / from Parham Ltd. |
|
105,080 |
|
105,080 |
|
|
T E Newport Development Ltd |
|
The company is related to T E Newport Development Ltd by virtue of common control. The balance outstanding at the year end is interest free and repayable on demand. The amount due to and from these related parties at the year end were as follows: |
|
|
The amount due (to) / from T E Newport Development Ltd. |
|
(29,987) |
|
(29,987) |
|
| 9 |
Controlling party |
|
|
Mr H Tehrani controls the company by virtue of his majority shareholding. |
|
|
| 10 |
Other information |
|
|
Openstart Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Langton Court |
|
34 Charles Street |
|
Newport |
|
Wales |
|
NP20 1AE |