2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,750 1,750 44 44 1,706 xbrli:pure xbrli:shares iso4217:GBP 13598167 2023-10-01 2024-09-30 13598167 2024-09-30 13598167 2023-09-30 13598167 2022-10-01 2023-09-30 13598167 2023-09-30 13598167 2022-09-30 13598167 core:MotorVehicles 2023-10-01 2024-09-30 13598167 bus:Director1 2023-10-01 2024-09-30 13598167 core:MotorVehicles 2023-09-30 13598167 core:WithinOneYear 2024-09-30 13598167 core:WithinOneYear 2023-09-30 13598167 core:ShareCapital 2024-09-30 13598167 core:ShareCapital 2023-09-30 13598167 core:RetainedEarningsAccumulatedLosses 2024-09-30 13598167 core:RetainedEarningsAccumulatedLosses 2023-09-30 13598167 core:MotorVehicles 2023-09-30 13598167 bus:SmallEntities 2023-10-01 2024-09-30 13598167 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 13598167 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 13598167 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13598167 bus:FullAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 13598167
Optimal Estates Ltd
Filleted Unaudited Financial Statements
30 September 2024
Optimal Estates Ltd
Financial Statements
Year ended 30 September 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Optimal Estates Ltd
Balance Sheet
30 September 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,706
Current assets
Debtors
6
5,860
6,473
Cash at bank and in hand
1,079
103
-------
-------
6,939
6,576
Creditors: amounts falling due within one year
7
6,901
7,943
-------
-------
Net current assets/(liabilities)
38
( 1,367)
----
-------
Total assets less current liabilities
38
339
Provisions
Taxation including deferred tax
324
----
----
Net assets
38
15
----
----
Optimal Estates Ltd
Balance Sheet (continued)
30 September 2024
2024
2023
Note
£
£
£
£
Capital and reserves
Called up share capital
1
1
Profit and loss account
37
14
----
----
Shareholders funds
38
15
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 April 2025 , and are signed on behalf of the board by:
Mr L M Davies
Director
Company registration number: 13598167
Optimal Estates Ltd
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
All significant judgements applied in preparing the financial statements are disclosed in the accounting policies. No material estimates have been applied.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
15% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: Nil).
5. Tangible assets
Motor vehicles
£
Cost
At 1 October 2023
1,750
Disposals
( 1,750)
-------
At 30 September 2024
-------
Depreciation
At 1 October 2023
44
Disposals
( 44)
-------
At 30 September 2024
-------
Carrying amount
At 30 September 2024
-------
At 30 September 2023
1,706
-------
6. Debtors
2024
2023
£
£
Other debtors
5,860
6,473
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
1,854
1,406
Social security and other taxes
1,897
3,537
Other creditors
3,150
3,000
-------
-------
6,901
7,943
-------
-------
8. Directors' advances, credits and guarantees
During the year, the directors had interest-free, repayable on demand loans with the company. At the start of the year the directors owed £6,473, and at the end of the year owed £3,797.