ACCOUNTS - Final Accounts preparation

Registered number: 16110289

OD UNIVERSE & CO LONDON LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2025

OD UNIVERSE & CO LONDON LIMITED

REGISTERED NUMBER: 16110289

STATEMENT OF FINANCIAL POSITION

AS AT 30 NOVEMBER 2025

		2025
Note		£

Fixed assets
Investments	5		100
			100
Current assets
Debtors: amounts falling due within one year	6	4,155,212
Cash at bank and in hand		15,917
		4,171,129
Creditors: amounts falling due within one year	7	(4,171,674)
Net current liabilities			(545)
Total assets less current liabilities			(445)

Net liabilities			(445)

Capital and reserves
Called up share capital			100
Profit and loss account			(545)
			(445)

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 on 1 October 2026.

C S Shin

Director

The notes on pages 2 to 6 form part of these financial statements.

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OD UNIVERSE & CO LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2025

1.	General information

OD Universe & Co London Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS and principal place of business is 25 Short Street, London, SE1 8LJ.

The company was incorporated on 29 November 2024 and began trading on this date.

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 the going concern basis.

Included in the statement of financial position are loans totalling £4.071m which are only recoupable against profits of the company. The immediate parent company has also committed to provide the necessary financial resources to the company in the next twelve months to finance its operations and enable it to meet its obligations as they fall due.

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

2.3

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.

2.4

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. 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.

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OD UNIVERSE & CO LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2025

2.Accounting policies (continued)

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

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OD UNIVERSE & CO LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2025

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.

Accruals

The company makes an estimate of accruals at the period end based on invoices received after the reporting date and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.

Employees

The average monthly number of employees, including directors, during the period was 1.

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	100
	At 30 November 2025	100

Debtors

					2025
					£


	Amounts owed by group undertakings	4,097,018
	Other debtors	58,194
		4,155,212

Amounts due from group undertakings were provided interest free and are repayable on demand.

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OD UNIVERSE & CO LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2025

7.	Creditors: Amounts falling due within one year
		2025
		£

	Amounts owed to group undertakings	4,071,444
	Other creditors	100,000
	Accruals and deferred income	230
		4,171,674

Amounts due to group undertakings were provided interest free and are only recoupable against profits of the company.

8.	Share capital
		2025
		£

		Allotted, called up and fully paid

		100 Ordinary shares of £1.00 each	100

On incorporation, the company issued 100 ordinary shares of £1 each, for cash at par.

Related party transactions

OD Company Co, Ltd
At the reporting date the Company owed £4,029,601 to OD Company Co, Ltd, the ultimate controlling party incorporated in Korea. The balance was provided interest free and is only recoupable against profits of the company.

Gatsby Broadway LLC
At the reporting date, the Company owed a total of £41,843 to Gatsby Broadway LLC, an entity under common control. The balance was provided interest free and is repayable on demand.

The company is exempt from disclosing related party transactions with companies that are wholly owned within the group. The company has not entered into any other transactions with related parties that are material and that have not been concluded under normal market conditions.

10.	Controlling party

The immediate parent company is OD Company Co, Ltd by virtue of its 51% ownership of the issued share capital of the company. OD Company Co, Ltd is a company incorporated in South Korea. The ultimate beneficial owner of the world wide group is C S Shin, the Director.

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OD UNIVERSE & CO LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2025

11.	Auditors' information

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

The audit report was signed on 12 October 2026 by Anthony Pins (Senior Statutory Auditor) on behalf of Nyman Libson Paul LLP.

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