Registered number
13974288
(England and Wales)
Optima HMO Properties Ltd
Filleted Accounts
31 March 2024
Optima HMO Properties Ltd
Registered number: 13974288
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 923,770 331,942
Current assets
Debtors 4 40,353 -
Cash at bank and in hand - 159,867
40,353 159,867
Creditors: amounts falling due within one year 5 (933,519) (493,200)
Net current liabilities (893,166) (333,333)
Net assets/(liabilities) 30,604 (1,391)
Capital and reserves
Called up share capital 10 10
Profit and loss account 30,594 (1,401)
Shareholders' funds 30,604 (1,391)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr T George
Director
Approved by the board on 27 June 2025
Optima HMO Properties Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments
Other
investments
£
Cost
At 1 April 2023 331,942
Additions 591,828
At 31 March 2024 923,770
Historical cost
At 1 April 2023 331,942
At 31 March 2024 331,942
The investment is a residential property which value is determined by the cost of the property paid
at purchase, and any such associated fees incurred in the purchase of the property.
4 Debtors 2024 2023
£ £
Other debtors 40,353 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,111 1,818
Taxation and social security costs 10,253 -
Other creditors 922,155 491,382
933,519 493,200
6 Other information
Optima HMO Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Springfield Crescent
Stoke-on-Trent
Staffordshire
ST3 2QW
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