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REGISTERED NUMBER: 03827236 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Useroption Limited

Useroption Limited (Registered number: 03827236)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Useroption Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs J I Tapper
C J Tapper





REGISTERED OFFICE: Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD





REGISTERED NUMBER: 03827236 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Useroption Limited (Registered number: 03827236)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 - -
Investment property 5 205,000 205,000
205,000 205,000

CURRENT ASSETS
Debtors 6 403 353
Cash at bank 39,506 33,536
39,909 33,889
CREDITORS
Amounts falling due within one year 7 (30,671 ) (32,551 )
NET CURRENT ASSETS 9,238 1,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,238

206,338

CAPITAL AND RESERVES
Called up share capital 8 3 3
Property revaluation 9 104,582 104,582
Retained earnings 109,653 101,753
SHAREHOLDERS' FUNDS 214,238 206,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Useroption Limited (Registered number: 03827236)

Balance Sheet - continued
31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by:





Mrs J I Tapper - Director


Useroption Limited (Registered number: 03827236)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Useroption Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation 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 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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Useroption Limited (Registered number: 03827236)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 110
DEPRECIATION
At 1 September 2023
and 31 August 2024 110
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. INVESTMENT PROPERTY

The director considers the market value of the investment property at 31 August 2022 to be £205,000.

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2008 104,582
Valuation in 2022 100,418
205,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 100 50
Prepayments 303 303
403 353

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 2,088 1,622
Directors' loan accounts 25,639 27,997
Accrued expenses 2,944 2,932
30,671 32,551

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary 1 3 3

Useroption Limited (Registered number: 03827236)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. RESERVES
Property
revaluation
£   
At 1 September 2023
and 31 August 2024 104,582

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Useroption Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Useroption Limited for the year ended 31 August 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Useroption Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Useroption Limited and state those matters that we have agreed to state to the Board of Directors of Useroption Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Useroption Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Useroption Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Useroption Limited. You consider that Useroption Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Useroption Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


1 November 2024