IRIS Accounts Production v24.1.4.33 06777970 Board of Directors 1.2.23 31.1.24 31.1.24 The company is the ultimate parent company of the Optima Group. ++ The principal activities of the Group are the supply and installation of Optima partitioning, specialist architectural glazing and the interior fitting-out and refurbishment of commercial and residential properties. ++ HLS Investment Holdings Limited is a wholly-owned subsidiary which is dormant. ++ Optima Contracting Limited is a wholly-owned subsidiary, whose principal activities are those of the Group, is the parent company of a number of subsidiary companies, which are as follows: ++ Optima Products Limited is a wholly-owned subsidiary of that company. Its principal activity is the manufacture and distribution of Optima partitioning systems through a network of dealers. ++ The company owned 55% of the issued Ordinary £1 shares of HLS Installations Limited until 31 May 2012, since this date the company has owned 100% of the issued Ordinary £1 shares. The principal activities of HLS Installations Limited were the construction, fit-out and refurbishment of both commercial and residential properties under the trading style Cirus and the provision of skilled labour to the construction industry. ++ The company owns 66.67% of the issued Ordinary £1 shares of Infinity Glass Limited, whose principal activities are the supply and installation of partitioning and specialist glazed screens together with the supply of architectural ironmongery products. ++ The company owns 39% of the issued Ordinary AED1 shares of Optima Systems LLC, whose principal activity is that of securing projects for another company and receiving commission income from these projects. Although owning 39% of the issued AED1 Ordinary shares of Optima Systems LLC, Optima Contracting Limited have a 90% voting interest in the company. ++ Optima Products Asia SDN BHD, is incorporated in Malaysia. Optima Products Asia SDN BHD is a wholly-owned subsidiary of Optima Products Limited and its principal activity is the manufacture and distribution of Optima partitioning systems. ++ During the year the company acquired 80% of the issued share capital of Select Design DMCC, which is incorporated in a Free Zone within Dubai. Its principal activity is interior design consultancy. ++ Optima Partitions LLC, which was incorporated during the year in a Free Zone in Dubai, is a wholly-owned subsidiary of Select Design DMCC and its principal activity is the distribution and installation of 'Optima' partitioning systems in the UAE. ++ Curtsons (Radstock) Limited, OAG Limited, Optima Installations Limited and Unilock Limited are wholly-owned subsidiaries which are dormant. ++ Curtis Steel Limited, Optima Glass Installations Limited and Optima Systems Australia Pty Limited are wholly-owned subsidiaries of Optima Products Limited which are dormant. ++ Highwood Joinery and Design Limited is a dormant wholly-owned subsidiary of HLS Installations Limited. true false true true false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067779702023-01-31067779702024-01-31067779702023-02-012024-01-31067779702022-01-31067779702022-02-012023-01-31067779702023-01-3106777970ns15:EnglandWales2023-02-012024-01-3106777970ns14:PoundSterling2023-02-012024-01-3106777970ns10:Director12023-02-012024-01-3106777970ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3106777970ns10:FRS1022023-02-012024-01-3106777970ns10:Audited2023-02-012024-01-3106777970ns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2023-02-012024-01-3106777970ns10:LargeMedium-sizedCompaniesRegimeForAccounts2023-02-012024-01-3106777970ns10:FullAccounts2023-02-012024-01-3106777970ns10:OrdinaryShareClass12023-02-012024-01-3106777970ns10:Director22023-02-012024-01-3106777970ns10:Director32023-02-012024-01-3106777970ns10:CompanySecretary12023-02-012024-01-3106777970ns10:RegisteredOffice2023-02-012024-01-3106777970ns5:ShareCapital2024-01-3106777970ns5:ShareCapital2023-01-3106777970ns5:RetainedEarningsAccumulatedLosses2024-01-3106777970ns5:RetainedEarningsAccumulatedLosses2023-01-3106777970ns5:ShareCapital2022-01-3106777970ns5:RetainedEarningsAccumulatedLosses2022-01-3106777970ns5:RetainedEarningsAccumulatedLosses2022-02-012023-01-3106777970ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-3106777970ns10:OrdinaryShareClass12022-02-012023-01-3106777970ns5:CostValuation2023-01-3106777970ns10:OrdinaryShareClass12024-01-3106777970ns5:RetainedEarningsAccumulatedLosses2023-01-31
REGISTERED NUMBER: 06777970 (England and Wales)









STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

OPTIMA INVESTMENTS LIMITED

OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Strategic Report 2 to 6

Report of the Directors 7 to 8

Report of the Independent Auditors 9 to 12

Statement of Comprehensive Income 13

Statement of Financial Position 14

Statement of Changes in Equity 15

Statement of Cash Flows 16

Notes to the Statement of Cash Flows 17

Notes to the Financial Statements 18 to 24


OPTIMA INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr N W Caley
Mr A Grey
Mr G Evans





SECRETARY: Mr N W Caley





REGISTERED OFFICE: First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE





REGISTERED NUMBER: 06777970 (England and Wales)





AUDITORS: Seymour Taylor Limited, Statutory Auditor
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE

OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2024


The directors present their strategic report of the company for the year ended 31 January 2024.

The purpose of this report is to provide information to the members of the Company and help them to assess how the directors have performed their duties under s.172 of the Companies Act 2006 in promoting the success of the Group.

The directors have performed their duties under s.172 regarding their responsibility to the members of the company and wider stakeholder interests.

The principal activities of the Group are the manufacture, supply and installation of "Optima" partitioning systems and the design and construction of specialist structural glazing solutions.

Optima have manufacturing facilities in the UK and Malaysia and over 30 years' experience in the glass partitioning industry. We pride ourselves on offering exceptional service and beautifully designed glass partitions and doors which exude quality in every region we operate in. We are wholly dedicated to helping our clients create effective and innovative workspaces in some of the world's most iconic buildings. We are proud to be the premier partitioning company and we work hard to uphold this reputation directly and amongst our partners in the UK, Asia, and the Middle East.

Thanks to our work on some of the UK's most impressive structures, the name OAG has become synonymous with stunning architectural glass. We are passionate about delivering striking solutions that leave a lasting impression on anyone who sees them. To do this we build strong partnerships with our clients, providing our knowledge and experience from the earliest stages of design right through to completion. When you work with OAG, our experts will become part of your team, filling your project with energy, bringing your vision to life, and giving it a distinctive edge.


GROUP STRUCTURE
The Group has been trading continuously since 1986 and has many long-serving employees, particularly in executive and senior management roles.















.













OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2024

GROUP STRUCTURE (continued)
Optima Contracting Limited is a wholly-owned subsidiary of Optima Investments Limited. Its principal activities are those of the group. Optima Contracting Limited is the parent company of a number of subsidiary companies, which are as follows:

Optima Installations Limited is a wholly-owned subsidiary. Its principal activity is the provision of skilled labour to the construction industry.

Optima Products Limited is a wholly-owned subsidiary. Its principal activity is the development, manufacture and distribution of 'Optima' partitioning systems through an international network of group companies and authorised dealers.

OAG Limited is a wholly-owned subsidiary. Its principal activity is the design and construction of specialist architectural glazing solutions.

The company owns 100% of the issued Ordinary AED1 shares of Optima Systems International DMCC, which is incorporated in a Free Zone within Dubai. Its principal activity is interior design consultancy.

Optima Partitions LLC, which is incorporated in Dubai, is a wholly-owned subsidiary of Optima Systems International DMCC and its principal activity is the installation of 'Optima' partitioning systems in the Middle East region.

Optima Partitions Contracting LLC, which is incorporated in Saudi Arabia, is a wholly-owned subsidiary of Optima Systems International DMCC and its principal activity is the installation of 'Optima' partitioning systems.

Optima Systems International DMCC owns 65% of the issued Ordinary AED1 shares of Jalapeno Trading LLC, which is incorporated in Dubai. Its principal activity is the sale and installation of office seating, storage and soft furnishings, principally as a Herman Miller Authorised Dealer Partner.

Optima Products Asia SDN BHD, which is incorporated in Malaysia, is a wholly-owned subsidiary of Optima Products Limited and its principal activity is the manufacture and distribution of 'Optima' partitioning systems in Asia and Oceania through an international network of group companies and authorised dealers.

PurOptima Inc, which is incorporated in Delaware USA, is a wholly owned subsidiary of Optima Products Limited and its principal activity is the sale and distribution of 'Optima' partitioning systems in the USA through a network of authorised dealers.

Optima Systems Asia Pacific PTE Ltd, which is incorporated in Singapore, is a wholly owned subsidiary of Optima Products Ltd and its principal activity is the sale and distribution of 'Optima' partitioning systems in Asia and Oceania through an international network of group companies and authorised dealers.

Curtsons (Radstock) Limited, HLS Installations Limited and Unilock Limited are wholly-owned subsidiaries of Optima Contracting Limited which are dormant.

Curtis Steel Limited, Optima Glass Installations Limited, Optima Partitioning Systems Limited, Optima Systems Australia Pty Limited and Puroptima Limited are wholly-owned subsidiaries of Optima Products Limited which are dormant.


OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2024

REVIEW OF BUSINESS
The results for the period and financial position of the business are as shown in the annexed financial statements.

The financial statements contain information about Optima Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Hexa Group Holdings Limited.

Key Performance Indicators
The Group operates several Key Performance Indicators (KPI) to monitor and control the business which are measured and reviewed by the management on a regular basis. The KPI include but are not limited to:

Turnover
Gross Profit %
Operating Profit
Debtors
Cash at bank and in hand

All work in progress is monitored and reviewed monthly to ensure the successful progress of each contract.

Review of the Business
In respect of the group comprising Optima Investments Limited and its subsidiary undertakings, general market pressures resulting from a period of high inflation and uncertain interest rates have caused fluctuating revenue volumes as end-user clients seek to achieve budgetary constraints through re-design of their projects. Overall this led to a revenue reduction for the year when compared to the previous period. Average margins were slightly improved upon, with some easing of inflationary pressure on materials, and a reduction in energy costs following commissioning of our new solar system.

Administration costs increased during the year due to expenditure incurred in establishing the necessary infrastructure to support our expansion into North American markets, in addition to some inflationary uplift on wages.

We operate a policy of continuous investment and this is reflected in our robust balance sheet which is underpinned by strong liquidity. This ensures the business is able to proceed with new initiatives without delay and is also well placed to manage any future adverse market conditions. Also, with no external sources of finance being required, the business is not directly impacted by the increase in interest rates and is enjoying a return to receipt of regular investment income.

Future Strategy
A general improvement in business confidence combined with reduced economic uncertainty is reflected in our strong order book for the year ahead and we continue to have clear visibility on several larger projects for delivery beyond next year.

During the year we made significant progress with expanding our activities into Asia and North America. We have now secured our first orders from our clients in North America and are optimistic about the potential for this new venture. The business continues to review its operational needs, with a clear focus on succession planning, to ensure we maintain a professional and resilient workforce into the future to support our growth plans.

We continue to invest in product development to ensure all our products meet the exacting requirements of our clients and are third party tested and certified as necessary. In 2022 we adopted a unique grade of aluminium with the lowest commercially available embodied carbon per kg, this has been well-received by clients seeking to achieve their own carbon reduction targets. We continue to introduce new initiatives across all of our manufacturing operations to further reduce the embodied carbon in our products and the introduction of our solar energy system is supporting this and also reducing our total energy costs.


OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2024

PRINCIPAL RISKS AND UNCERTAINTIES
Key Risk Factors
In line with our internal control policy and procedures, key risk factors are reviewed frequently and detailed analysis undertaken where there is a requirement to do so. Mitigating controls or plans are implemented where necessary and during the year ended 31 January 2024 and no significant risks materialised within the business.

Credit Risk
Group credit policy requires that suitable credit checks be carried out on all potential customers before quotations are submitted and again before an order is accepted to ensure that appropriate payment terms are negotiated. Group exposure to individual organisations is regularly monitored and reviewed to ensure that an acceptable level of risk is maintained.

Foreign Currency Risk
The Group has some exposure to foreign currency risk on its purchase of materials denominated in foreign currencies, principally Euros, and through its overseas subsidiaries which operate using US Dollars and Malaysian Ringgit. This risk is mitigated through a detailed review of our intercompany balances and forecasts to maximise the use of local currencies held in our bank accounts. The Group does not hedge against any future transactions.

Cyber Security Risk
As our business, suppliers and customers becomes increasingly digitalised, we are inherently exposed to the risk that third parties may seek to disrupt our business. A cyber event may cause significant reputational and financial loss. We have mitigated this risk by creating a secure and robust IT environment with systems that are Cyber Essentials Plus certified and partnering with a third-party security operation centre to proactively monitor and respond to emerging cyber security threats.

Health, Safety, and Quality
We are wholly committed to ensuring the health, safety, and welfare of all our employees and recognise our responsibility towards other people who may be affected by our activities. As part of our commitment we are proud to have received the RoSPA gold medal, in their prestigious health and safety awards programme, which demonstrates continuous high standards for more than nine years.

ISO9001: 2015 - Our offices, manufacturing facilities and installation sites operate a Quality Management System (QMS) that is certified to ISO9001 by an independent UKAS accredited certification body. We have undergone a process of identifying our key quality targets; setting objectives and developing actions to continually address and improve quality.

ISO45001: 2018 - Our offices, manufacturing facilities and installation sites operate an Occupational Health and Safety Management System that is certified to ISO45001 by an independent UKAS accredited certification body. We have undergone a process of identifying our key safety targets; setting objectives and developing actions to continually address and improve health and safety.

Environment
Improving the environmental and sustainability performance of our products and business operations is a key operational agenda, and we continually work to minimise our impact on the environment in every area of our business.

ISO14001:2015 - Our offices, manufacturing facilities and installation sites operate a third-party approved Environmental Management System (EMS) certified by an independent UKAS accredited certification body. We have undergone a process of identifying our significant environmental impacts; setting objectives and developing actions to continually address and improve our environmental performance.

We believe in the responsible sourcing of materials and give preference to product and material suppliers certified to IS014001. We have a Sustainable Procurement Policy and a Supplier Code of Conduct to enhance partnerships with our supply chain.


OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2024

In line with our company policy, all timber procured is sourced solely from FSC® (Forest Stewardship Council) certified suppliers with full Chain of Custody records. Our factory is also FSC® certified ensuring every product installation can be traced back to responsibly managed forests.

We actively promote the circular economy for our products by providing a take-back & re-use scheme to reclaim materials and divert waste from landfill. Working with our clients and suppliers we are able to maximise recovery and enable re-use and recycling of materials.

In line with the Government's 2050 Net Zero Carbon target, we have developed our own NZC Strategy and are undertaking actions to identify, report and minimise greenhouse gas emissions throughout the business.

CULTURE AND EMPLOYEES
Diversity and Inclusion
We are committed to promoting equal employment opportunities and both job applicants and employees will receive equal treatment regardless of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, sex or sexual orientation (protected characteristics). This includes opportunities for training to upskill employees and provide pathways for career development. We will make any appropriate reasonable adjustments necessary to support and retain our employees.
We are proud to benefit from having a diverse workforce across all of our businesses and we provide opportunities for training and advancement for all.

Our Employee Handbook contains up to date policies including equal opportunities, anti-harassment & bullying, whistleblowing, flexible working and training & development. Awareness training has been rolled out across the Group to support the Employee Handbook and to ensure understanding of key issues. Compulsory training includes the topics of modern slavery, whistleblowing and HR compliance (anti-bribery, equality and diversity, bullying and harassment, wellbeing).

Communication and Engagement
We provide an open environment for employees to engage with the business through employee briefings, regular team meetings, individual appraisals, one-to-one meetings and regular communication from the Board on business performance and direction. We recently conducted an employee engagement survey and have implemented some changes as a direct result of feedback from employees (e.g. an improved appraisal process, additional annual leave for long serving employees and more social activities).

STREAMLINED ENERGY AND CARBON REPORTING
Disclosure in respect of greenhouse gas emissions, energy consumption and energy efficiency has not been included within this report as the company does not exceed the thresholds to disclose.

ON BEHALF OF THE BOARD:





Mr N W Caley - Director


2 August 2024

OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JANUARY 2024


The directors present their report with the financial statements of the company for the year ended 31 January 2024.

DIVIDENDS
Interim dividends totalling £1.51383 per share were paid during the year. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 January 2024 will be £ 980,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2023 to the date of this report.

Mr N W Caley
Mr A Grey
Mr G Evans

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JANUARY 2024


AUDITORS
The auditors, Seymour Taylor Limited, will be re-appointed in accordance with section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:





Mr N W Caley - Director


2 August 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
OPTIMA INVESTMENTS LIMITED


Opinion
We have audited the financial statements of Optima Investments Limited (the 'company') for the year ended 31 January 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 January 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
OPTIMA INVESTMENTS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page seven, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
OPTIMA INVESTMENTS LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying and assessing potential risks related to irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance including the design of the Group's remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets;
- results of our enquiries of management about their own identification and assessment of the risks of irregularities;
- any matters we identified having obtained and reviewed the Group's documentation of their policies and procedures relating to: - identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; - detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; - the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Group operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Group's ability to operate.

Audit response to risks identified
As a result of performing the above, our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- enquiring of management and external legal advisors concerning actual and potential litigation and claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- reading minutes of meetings of those charged with governance;
- obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and
- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
OPTIMA INVESTMENTS LIMITED


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Timothy Fulker BSc FCA (Senior Statutory Auditor)
for and on behalf of Seymour Taylor Limited, Statutory Auditor
First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE

2 August 2024

OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JANUARY 2024

2024 2023
Notes £    £   

TURNOVER - -
OPERATING PROFIT - -

Income from shares in group
undertakings

980,000

2,030,000
PROFIT BEFORE TAXATION 980,000 2,030,000

Tax on profit 4 - -
PROFIT FOR THE FINANCIAL YEAR 980,000 2,030,000

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

980,000

2,030,000

OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 6 2,555,366 2,555,366

CURRENT ASSETS
Cash at bank 34,092 34,092
NET CURRENT ASSETS 34,092 34,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,589,458

2,589,458

CAPITAL AND RESERVES
Called up share capital 7 647,359 647,359
Retained earnings 8 1,942,099 1,942,099
SHAREHOLDERS' FUNDS 2,589,458 2,589,458

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:





Mr N W Caley - Director


OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 February 2022 647,359 1,942,099 2,589,458

Changes in equity
Dividends - (2,030,000 ) (2,030,000 )
Total comprehensive income - 2,030,000 2,030,000
Balance at 31 January 2023 647,359 1,942,099 2,589,458

Changes in equity
Dividends - (980,000 ) (980,000 )
Total comprehensive income - 980,000 980,000
Balance at 31 January 2024 647,359 1,942,099 2,589,458

OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 - -

Cash flows from investing activities
Dividends received 980,000 2,030,000
Net cash from investing activities 980,000 2,030,000

Cash flows from financing activities
Equity dividends paid (980,000 ) (2,030,000 )
Net cash from financing activities (980,000 ) (2,030,000 )

Increase in cash and cash equivalents - -
Cash and cash equivalents at
beginning of year

2

34,092

34,092

Cash and cash equivalents at end of
year

2

34,092

34,092

OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
2024 2023
£    £   
Profit before taxation 980,000 2,030,000
Finance income (980,000 ) (2,030,000 )
Cash generated from operations - -

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 January 2024
31.1.24 1.2.23
£    £   
Cash and cash equivalents 34,092 34,092
Year ended 31 January 2023
31.1.23 1.2.22
£    £   
Cash and cash equivalents 34,092 34,092


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.2.23 Cash flow At 31.1.24
£    £    £   
Net cash
Cash at bank 34,092 - 34,092
34,092 - 34,092
Total 34,092 - 34,092

OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. GENERAL INFORMATION

Optima Investments Limited is a company limited by shares and incorporated in England and Wales. The Registered Office is First Floor North, 40 Oxford Road, High Wycombe, Buckinghamshire, HP11 2EE. The principal place of business is Courtyard House, West End Road, High Wycombe, Buckinghamshire, HP11 2QB.

The company is a holding company within the Optima Group and provides management services to the Group. The principal activities of the Group are the manufacture, supply and installation of "Optima" partitioning systems and the design and construction of specialist structural glazing solutions.

The presentation currency of these financial statements is sterling (£), being the currency of the primary economic environment in which the company operates, its functional currency. All amounts in the financial statements have been rounded to the nearest £1 unless otherwise stated.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Optima Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Hexa Group Holdings Limited, First Floor North, 40 Oxford Road, High Wycombe, Buckinghamshire, HP11 2EE.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.


OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
Taxation
Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. The following timing differences are not provided for: differences between accumulated depreciation and tax allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met; and differences relating to investments in subsidiaries to the extent that it is not probable that they will reverse in the foreseeable future and the reporting entity is able to control the reversal of the timing difference. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that is it probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments issued by the company
Financial instruments issued by the company are treated as equity only to the extent that they meet the following two conditions:

(a) they include no contractual obligations upon the company to deliver cash or other financial assets or to exchange financial assets or financial liabilities with another party under conditions that are potentially unfavourable to the company; and

(b) where the instrument will or may be settled in the company's own equity instruments, it is either a non-derivative that includes no obligation to deliver a variable number of the company's own equity instruments or is a derivative that will be settled by the company's exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments.

To the extent that this definition is not met, the proceeds of issue are classified as a financial liability. Where the instrument so classified takes the legal form of the company's own shares, the amounts presented in these financial statements for called up share capital and share premium account exclude amounts in relation to those shares.

OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Basic financial instruments
Trade and other debtors and creditors
Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.

Interest-bearing borrowings classified as basic financial instruments
Interest-bearing borrowings are recognised initially at the present value of future payments discounted at a market rate of interest. Subsequent to initial recognition, interest-bearing borrowings are stated at amortised cost using the effective interest method, less any impairment losses.

Investments in subsidiaries
Investments in subsidiary undertakings are carried at costt less any provision for impairment.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management are included as a component of cash and cash equivalents for the purpose only of the cash flow statement.

3. EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31 January 2024 nor for the year ended 31 January 2023.

The average number of employees during the year was as follows:
2024 2023

Management 3 3

2024 2023
£    £   
Directors' remuneration - -

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 January 2024 nor for the year ended 31 January 2023.

OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 980,000 2,030,000
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 19%)

245,000

385,700

Effects of:
Group company dividend income (245,000 ) (385,700 )
Total tax charge - -

Factors that may affect future tax charges
For periods commencing 1 April 2023 the corporation tax main rate increased to 25%, with the small profits rate remaining at 19%.

Deferred tax balances have been recognised at the rate at which it is expected that the future benefit will be received.

5. DIVIDENDS
2024 2023
£    £   
Interim 980,000 2,030,000

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 2,555,366
NET BOOK VALUE
At 31 January 2024 2,555,366
At 31 January 2023 2,555,366

OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. FIXED ASSET INVESTMENTS - continued

The above investments are unlisted

At 31 January 2024 the company had the following subsidiary undertakings. Unless otherwise stated all companies are incorporated in England and Wales. The registered office for all companies unless otherwise stated is First Floor North, 40 Oxford Road, High Wycombe, Buckinghamshire, HP11 2EE.

Proportion of shares held in and principal activities of subsidiaries
Optima Contracting Limited is a wholly-owned subsidiary of Optima Investments Limited. Its principal activities are the manufacture, supply and installation of 'Optima' partitioning systems and the design and construction of specialist structural glazing solutions.

Optima Contracting Limited is the parent company of a number of subsidiary companies, which are as follows:

Optima Installations Limited is a wholly-owned subsidiary. Its principal activity is the provision of skilled labour to the construction industry.

Optima Products Limited is a wholly-owned subsidiary. Its principal activity is the development, manufacture and distribution of 'Optima' partitioning systems through an international network of group companies and authorised dealers.

OAG Limited is a wholly-owned subsidiary. Its principal activity is the design and construction of specialist architectural glazing solutions.

The company owns 100% of the issued Ordinary AED1 shares of Optima Systems International DMCC, which is incorporated in a Free Zone within Dubai. Its principal activity is interior design consultancy. The registered office is Unit No. 408, DMCC Business Centre, Level No. 1 Jewellery & Gemplex 3, Dubai, United Arab Emirates.

Optima Partitions LLC, which is incorporated in Dubai, is a wholly-owned subsidiary of Optima Systems International DMCC and its principal activity is the installation of 'Optima' partitioning systems in the Middle East region. The registered office is is Alkhayat Avenue, Al Qouz Industrial Area 1, Plot -364-191, Unit Arab Emirates.

Optima Partitions Contracting LLC, which is incorporated in Saudi Arabia, is a wholly-owned subsidiary of Optima Systems International DMCC and its principal activity is the installation of 'Optima' partitioning systems. The registered office is Office B, Scale Business Solutions,7022 Qanat As Suwais, Al Aqiq, Riyadh 11414, Kingdom of Saudi Arabia.

Optima Systems International DMCC owns 65% of the issued Ordinary AED1 shares of Jalapeno Trading LLC, which is incorporated in Dubai. Its principal activity is the sale and installation of office seating, storage and soft furnishings, principally as a Herman Miller Authorised Dealer Partner. The registered office is 13th Floor Office 1301, U Bora Tower, Business Bay, Dubai, United Arab Emirates.

Optima Products Asia SDN BHD, which is incorporated in Malaysia, is a wholly-owned subsidiary of Optima Products Limited and its principal activity is the manufacture and distribution of 'Optima' partitioning systems in Asia and Oceania through an international network of group companies and authorised dealers. The registered office is 1st Floor, 8 Avenue Business Centre, Jalan Sungai Jernih 8/1, Seksyen 8, 46050 Petaling Jaya, Selangor Darul Ehsan, Malaysia.

Optima Systems Asia Pacific PTE Ltd, which is incorporated in Singapore, is a wholly owned subsidiary of Optima Products Ltd and its principal activity is the sale and distribution of 'Optima' partitioning systems in Asia and Oceania through an international network of group companies and authorised dealers. The registered office is 16 Raffles Quay, 32-03 Hong Leong Building, 048581, Singapore.

OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. FIXED ASSET INVESTMENTS - continued

PurOptima Inc, which is incorporated in Delaware USA, is a wholly owned subsidiary of Optima Products Limited and its principal activity is the sale and distribution of 'Optima' partitioning systems in the USA through a network of authorised dealers. The registered office is 251 Little Falls Drive, Wilmington, DE 19808, New Castle County, United States of America.

Curtsons (Radstock) Limited, HLS Installations Limited and Unilock Limited are wholly-owned subsidiaries of Optima Contracting Limited which are dormant.

Curtis Steel Limited, Optima Glass Installations Limited, Optima Partitioning Systems Limited, Optima Systems Australia Pty Limited and Puroptima Limited are wholly-owned subsidiaries of Optima Products Limited which are dormant.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
647,359 Ordinary £1 647,359 647,359

8. RESERVES
Retained
earnings
£   

At 1 February 2023 1,942,099
Profit for the year 980,000
Dividends (980,000 )
At 31 January 2024 1,942,099

Retained earnings is a distributable reserve and records retained earnings and accumulated losses.

9. CONTINGENT LIABILITIES

Cross guarantee
This company, Hexa Group Holdings Limited, Optima Contracting Limited, Optima Installations Limited and Optima Products Limited have entered into a composite accounting agreement, dated 18 October 2019, in which each participating company has provided a guarantee to the bank. Under the terms of the agreement and the guarantees, the bank is authorised to allow set-off of balances between the companies involved.

OPTIMA INVESTMENTS LIMITED (REGISTERED NUMBER: 06777970)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


10. RELATED PARTY DISCLOSURES

Group companies
This company is a wholly-owned subsidiary within the group. It has therefore taken advantage of the exemptions, provided within Financial Reporting Standard 102, from disclosure of transactions entered into with other members of the group.

Transactions with key management personnel
20242023
££
Total compensation of key management personnel, including
directors

-

-

Other related party transactions
There were no other transactions that require disclosure under Financial Reporting Standard 102.

11. ULTIMATE PARENT COMPANY

The directors consider Hexa Group Holdings Limited to be the company's immediate and ultimate
parent company.

The largest group, in which this company's information is consolidated is that of Hexa Group Holdings Limited . This company is incorporated in England and Wales and will be drawing up consolidated
financial statements to 31 January 2024. The principal place of business for this company is:

Courtyard House
West End Road
High Wycombe
Buckinghamshire
HP11 2QB

Copies of the consolidated financial statements of Hexa Group Holdings Limited can be obtained from:

First Floor North
40 Oxford Road
High Wycombe
Buckinghamshire
HP11 2EE