IRIS Accounts Production v24.3.2.46 12154320 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121543202023-12-31121543202024-12-31121543202024-01-012024-12-31121543202022-12-31121543202023-01-012023-12-31121543202023-12-3112154320ns15:EnglandWales2024-01-012024-12-3112154320ns14:PoundSterling2024-01-012024-12-3112154320ns10:Director12024-01-012024-12-3112154320ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3112154320ns10:SmallEntities2024-01-012024-12-3112154320ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3112154320ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3112154320ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3112154320ns10:FullAccounts2024-01-012024-12-3112154320ns10:OrdinaryShareClass12024-01-012024-12-3112154320ns10:Director22024-01-012024-12-3112154320ns10:RegisteredOffice2024-01-012024-12-3112154320ns5:CurrentFinancialInstruments2024-12-3112154320ns5:CurrentFinancialInstruments2023-12-3112154320ns5:Non-currentFinancialInstruments2024-12-3112154320ns5:Non-currentFinancialInstruments2023-12-3112154320ns5:ShareCapital2024-12-3112154320ns5:ShareCapital2023-12-3112154320ns5:RetainedEarningsAccumulatedLosses2024-12-3112154320ns5:RetainedEarningsAccumulatedLosses2023-12-3112154320ns5:PlantMachinery2024-01-012024-12-3112154320ns5:PlantMachinery2023-12-3112154320ns5:PlantMachinery2024-12-3112154320ns5:PlantMachinery2023-12-3112154320ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3112154320ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3112154320ns5:Secured2024-12-3112154320ns5:Secured2023-12-3112154320ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 12154320 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

OPTIMA PROPERTY LTD

OPTIMA PROPERTY LTD (REGISTERED NUMBER: 12154320)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OPTIMA PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mr J S S Lea
Mr B G Lea





REGISTERED OFFICE: 236 Kempshott Lane
Basingstoke
Hampshire
RG22 5LR





REGISTERED NUMBER: 12154320 (England and Wales)






OPTIMA PROPERTY LTD (REGISTERED NUMBER: 12154320)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 17 162
Investment property 6 294,795 294,795
294,812 294,957

CURRENT ASSETS
Debtors 7 1,234 1,804
Cash at bank 363 5,143
1,597 6,947
CREDITORS
Amounts falling due within one year 8 111,486 118,189
NET CURRENT LIABILITIES (109,889 ) (111,242 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,923

183,715

CREDITORS
Amounts falling due after more than one
year

9

183,739

188,739
NET ASSETS/(LIABILITIES) 1,184 (5,024 )

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 1,182 (5,026 )
SHAREHOLDERS' FUNDS 1,184 (5,024 )

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

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

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 3rd February 2025 and were signed on its behalf by:




Mr J S S Lea - Director


OPTIMA PROPERTY LTD (REGISTERED NUMBER: 12154320)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Optima Property 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company relies upon the support of the directors who have made loans to the company that are repayable on demand.

Due to this ongoing support, the directors believe that it is appropriate to prepare the financial statements on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.

Turnover
The turnover shown in the profit and loss account represents the fair value of rental income received or receivable during the year, adjusted for income received in advance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% straight line

All fixed assets are initially recorded at cost.

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 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

OPTIMA PROPERTY LTD (REGISTERED NUMBER: 12154320)

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


3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st January 2024
and 31st December 2024 725
DEPRECIATION
At 1st January 2024 563
Charge for year 145
At 31st December 2024 708
NET BOOK VALUE
At 31st December 2024 17
At 31st December 2023 162

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024
and 31st December 2024 294,795
NET BOOK VALUE
At 31st December 2024 294,795
At 31st December 2023 294,795

The directors have assessed the fair value of the investment property as shown above and confirmed this is a fair value as at 31st December 2024.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,234 1,804

OPTIMA PROPERTY LTD (REGISTERED NUMBER: 12154320)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 111,486 118,189

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 183,739 188,739

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 183,739 188,739

Bank loans are secured over the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2