ACCOUNTS - Final Accounts

Share capital

Registered number: 12911186

ODAS GLOBAL CONSULTING LTD

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2025

ODAS GLOBAL CONSULTING LTD

REGISTERED NUMBER: 12911186

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2025

	30 June	31 December
	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		7,838		9,342
Investments	5		261		34
			8,099		9,376
Current assets
Debtors		1,833,346,078		1,833,271,923
Cash at bank and in hand		1,708		12,847
		1,833,347,786		1,833,284,770
Creditors: amounts falling due within one year		(1,823,997)		(216,772)
Net current assets			1,831,523,789		1,833,067,998
Total assets less current liabilities			1,831,531,888		1,833,077,374

Net assets			1,831,531,888		1,833,077,374

Capital and reserves
Called up share capital	1,833,042,700	1,833,042,700
Profit and loss account	(1,510,812)	34,674
	1,831,531,888	1,833,077,374

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Ionut-Dragos Onescu

Director

Date: 30 January 2026

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ODAS GLOBAL CONSULTING LTD

REGISTERED NUMBER: 12911186

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 2025

The notes on pages 3 to 9 form part of these financial statements.

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ODAS GLOBAL CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025

1.	General information

Odas Global Consulting Ltd is a private company, limited by shares, incorporated in England and Wales.
The business and registered address is at 2 Stone Buildings, London, England, WC2A 3TH.
The principal activity of the company is that of trade finance advisory and structuring firm.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis. In assessing the appropriateness of this basis, the Directors have considered the Company’s budgets, forecasts and cash flow projections covering a period of at least 12 months from the date of approval of these financial statements.
The company has a business plan in place to grow the company but this is dependent on factors outside the company's control and the outcome is therefore uncertain.
The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue arising from consultancy advice is recognised over the period in which the service is provided and when the Company has met its contractual obligations.

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ODAS GLOBAL CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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ODAS GLOBAL CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.7

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

Straight line over 4 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 3 (2024 - 3).

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ODAS GLOBAL CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 January 2025	12,029
	At 30 June 2025	12,029
	Depreciation
	At 1 January 2025	2,687
	Charge for the period on owned assets	1,504
	At 30 June 2025	4,191
	Net book value
	At 30 June 2025	7,838
	At 31 December 2024	9,342

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ODAS GLOBAL CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2025	34
	Additions	227
	At 30 June 2025	261

	Net book value
	At 30 June 2025	261
	At 31 December 2024	34

Allotted, called up and fully paid

183,304,270 (2024 - 183,304,270) Ordinary Shares shares of £10.00 each	1,833,042,700	1,833,042,700

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ODAS GLOBAL CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025

7.	Prior year adjustment

During the period, the directors undertook a detailed review of the Company’s accounting records and financial reporting for the year ended 31 December 2024. The previously filed financial statements for that year, were prepared and submitted to the Registrar of Companies as dormant accounts, showing no trading activity, no profit or loss, and no transactions other than the recognition of unpaid share capital of £1,833,042,700 and equivalent net assets.
Subsequent to this filing, and during the preparation of the financial statements for the period ended 30 June 2025, the directors identified that the Company had in fact undertaken trading activity during the 2024 financial year, including:
Turnover of £297,741;
Cost of sales of £16,463;
Administrative expenses of £28,909;
Tax charge of £29,186; and
A profit for the year of £34,674, which had not been recognised in the dormant filing.
The omission of these trading results meant that the previously filed 2024 accounts did not give a true and fair view of the Company’s financial performance or position. The matter was corrected within the comparative figures presented in these financial statements.
The effect of the prior year adjustment on the comparative Statement of Financial Position is as follows:

8.	Related party transactions
	Included within other creditors is an amount of £174,447 (2024: £nil) due to a company under common control. This balance is unsecured, repayable on demand and interest free.

9.	Post balance sheet events

On 28th July 2025 the Company reduced its share capital from £1,833,042,700 to £50,000 by way of a special resolution supported by a directors’ solvency statement in accordance with sections 642–644 of the Companies Act 2006.

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ODAS GLOBAL CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2025

10.	Auditors' information

The auditors' report on the financial statements for the period ended 30 June 2025 was unqualified.

The audit report was signed on 30 January 2026 by Catalina Feier FCA (Senior Statutory Auditor) on behalf of BKL Audit LLP.

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