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REGISTERED NUMBER: 13496606 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 April 2024

for

Optima Investments (Midlands) Ltd

Optima Investments (Midlands) Ltd (Registered number: 13496606)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Optima Investments (Midlands) Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J W Lewis
Mrs J Lewis





SECRETARY: Mrs J Lewis





REGISTERED OFFICE: 1 Mill Hill Wood Way
Ibstock
Coalville
Leicestershire
LE67 6QD





REGISTERED NUMBER: 13496606 (England and Wales)





ACCOUNTANTS: The Profit Key Limited
Prince William House
10 Lower Church Street
Ashby de la Zouch
Leicestershire
LE65 1AB

Optima Investments (Midlands) Ltd (Registered number: 13496606)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 300 300

CURRENT ASSETS
Stocks 193,133 193,133
Debtors 5 262 -
Cash at bank 121,021 109,301
314,416 302,434
CREDITORS
Amounts falling due within one year 6 48,741 91,947
NET CURRENT ASSETS 265,675 210,487
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,975

210,787

CREDITORS
Amounts falling due after more than one year 7 140,795 140,795
NET ASSETS 125,180 69,992

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings 124,880 69,692
SHAREHOLDERS' FUNDS 125,180 69,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Optima Investments (Midlands) Ltd (Registered number: 13496606)

Statement of Financial Position - continued
30 April 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





J W Lewis - Director


Optima Investments (Midlands) Ltd (Registered number: 13496606)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Optima Investments (Midlands) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Loans from directors
Any loans from the Director's to the company are interest free and repayable on demand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Optima Investments (Midlands) Ltd (Registered number: 13496606)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 300
NET BOOK VALUE
At 30 April 2024 300
At 30 April 2023 300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 262 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 961 707
Directors' current accounts 46,826 90,340
Accrued expenses 954 900
48,741 91,947

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 140,795 140,795

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 140,795 140,795

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
200 Ordinary A & B £1 200 200
300 300