Optimum Path Financial Planning Limited 01377493 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the provision of investment and pension services. Digita Accounts Production Advanced 6.30.9574.0 true 01377493 2024-04-01 2025-03-31 01377493 2025-03-31 01377493 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2025-03-31 01377493 core:CapitalRedemptionReserve 2025-03-31 01377493 core:RetainedEarningsAccumulatedLosses 2025-03-31 01377493 core:ShareCapital 2025-03-31 01377493 core:CurrentFinancialInstruments 2025-03-31 01377493 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 01377493 core:Non-currentFinancialInstruments 2025-03-31 01377493 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 01377493 core:FurnitureFittingsToolsEquipment 2025-03-31 01377493 core:LandBuildings 2025-03-31 01377493 core:MotorVehicles 2025-03-31 01377493 bus:SmallEntities 2024-04-01 2025-03-31 01377493 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 01377493 bus:FilletedAccounts 2024-04-01 2025-03-31 01377493 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01377493 bus:RegisteredOffice 2024-04-01 2025-03-31 01377493 bus:Director3 2024-04-01 2025-03-31 01377493 bus:Director6 2024-04-01 2025-03-31 01377493 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-04-01 2025-03-31 01377493 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01377493 bus:Agent1 2024-04-01 2025-03-31 01377493 1 2024-04-01 2025-03-31 01377493 core:FurnitureFittings 2024-04-01 2025-03-31 01377493 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 01377493 core:LandBuildings 2024-04-01 2025-03-31 01377493 core:LeaseholdImprovements 2024-04-01 2025-03-31 01377493 core:MotorVehicles 2024-04-01 2025-03-31 01377493 core:ParentEntities 2024-04-01 2025-03-31 01377493 countries:EnglandWales 2024-04-01 2025-03-31 01377493 2024-03-31 01377493 core:FurnitureFittingsToolsEquipment 2024-03-31 01377493 core:LandBuildings 2024-03-31 01377493 core:MotorVehicles 2024-03-31 01377493 2023-04-01 2024-03-31 01377493 2024-03-31 01377493 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-03-31 01377493 core:CapitalRedemptionReserve 2024-03-31 01377493 core:RetainedEarningsAccumulatedLosses 2024-03-31 01377493 core:ShareCapital 2024-03-31 01377493 core:CurrentFinancialInstruments 2024-03-31 01377493 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 01377493 core:Non-currentFinancialInstruments 2024-03-31 01377493 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 01377493 core:FurnitureFittingsToolsEquipment 2024-03-31 01377493 core:LandBuildings 2024-03-31 01377493 core:MotorVehicles 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01377493

Optimum Path Financial Planning Limited
(formerly Handford Aitkenhead & Walker Ltd)

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Optimum Path Financial Planning Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Optimum Path Financial Planning Limited

Company Information

Directors

A. J. Walker

M. Walker

Registered office

4 Brook Park
Gaddesby Lane
Rearsby
Leicester
LE7 4ZB

Accountants

Robert Whowell & Partners LLP
Chartered AccountantsWestwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

 

Optimum Path Financial Planning Limited

(Registration number: 01377493)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

26,119

70,220

Current assets

 

Debtors

6

13,655

267,828

Investments

7

-

90,893

Cash at bank and in hand

 

235,060

175,396

 

248,715

534,117

Creditors: Amounts falling due within one year

8

(123,338)

(115,849)

Net current assets

 

125,377

418,268

Total assets less current liabilities

 

151,496

488,488

Creditors: Amounts falling due after more than one year

8

-

(10,000)

Provisions for liabilities

-

(3,248)

Net assets

 

151,496

475,240

Capital and reserves

 

Called up share capital

9

52,000

52,000

Capital redemption reserve

35,000

35,000

Retained earnings

64,496

388,240

Shareholders' funds

 

151,496

475,240

 

Optimum Path Financial Planning Limited

(Registration number: 01377493)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 August 2025 and signed on its behalf by:
 

.........................................
A. J. Walker
Director

 

Optimum Path Financial Planning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The company was formerly known as Handford Aitkenhead & Walker Ltd.

The address of its registered office is:
4 Brook Park
Gaddesby Lane
Rearsby
Leicester
LE7 4ZB

These financial statements were authorised for issue by the Board on 4 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Optimum Path Financial Planning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property improvements

10% straight line

Fixtures, fittings and equipment

15% - 33% straight line

Motor vehicles

20% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit and loss account. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Optimum Path Financial Planning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Debtors

Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Creditors

Creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Optimum Path Financial Planning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 11).

4

Profit before tax

Arrived at after charging:

2025
£

2024
£

Depreciation

8,016

18,489

 

Optimum Path Financial Planning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Tangible assets

Leasehold property improvements
£

Fixtures, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost

At 1 April 2024

28,725

53,288

60,429

142,442

Additions

-

2,755

-

2,755

Disposals

-

-

(60,429)

(60,429)

At 31 March 2025

28,725

56,043

-

84,768

Depreciation

At 1 April 2024

8,605

42,028

21,589

72,222

Charge for the year

2,870

5,146

-

8,016

Eliminated on disposal

-

-

(21,589)

(21,589)

At 31 March 2025

11,475

47,174

-

58,649

Carrying amount

At 31 March 2025

17,250

8,869

-

26,119

At 31 March 2024

20,120

11,260

38,840

70,220

6

Debtors

Current

Note

2025
£

2024
£

Amounts owed by related parties

11

-

252,348

Prepayments

 

13,655

15,480

   

13,655

267,828

7

Current asset investments

2025
£

2024
£

Other investments

-

90,893

Listed investments

Investments having a net book value of £Nil (31 March 2024 - £90,893) are listed on a recognised stock exchange and had a market value of £Nil at the end of the year (31 March 2024 - £90,893).

 

Optimum Path Financial Planning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

10

-

13,333

Taxation and social security

 

93,432

85,381

Accruals and deferred income

 

28,404

12,592

Other creditors

 

1,502

4,543

 

123,338

115,849

Creditors include a loan from the related party pension scheme which is secured of £nil (2024 - £13,333).

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

10

-

10,000


Creditors include a loan from the related party pension scheme which is secured of £nil (2024 - £10,000).

9

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary shares of £1 each

52,000

52,000

52,000

52,000

         
 

Optimum Path Financial Planning Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Other borrowings

-

10,000

Current loans and borrowings

2025
£

2024
£

Other borrowings

-

13,333

11

Related party transactions

Summary of transactions with parent

At the balance sheet date the company was owed £nil (2024 - £117,459) by Optimum Path Holdings Limited, its immediate holding company.

During the year dividends of £528,939 (2024 - £239,990) were paid to Optimum Path Holdings Limited.