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REGISTERED NUMBER: 13310593 (England and Wales)














Financial Statements for the Year Ended 31 August 2024

for

Optimum Doner Limited

Optimum Doner Limited (Registered number: 13310593)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Optimum Doner Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: D G Connor





REGISTERED OFFICE: 21 Hatton Garden
Liverpool
Merseyside
L3 2FE





REGISTERED NUMBER: 13310593 (England and Wales)





AUDITORS: Douglas Fairless Partnership
Chartered Certified Accountants
and Statutory Auditors
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

Optimum Doner Limited (Registered number: 13310593)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,250 11,250
Tangible assets 5 116,564 137,135
124,814 148,385

CURRENT ASSETS
Stocks 10,549 4,043
Debtors 6 24,450 2,379
Cash at bank and in hand 22,027 68,785
57,026 75,207
CREDITORS
Amounts falling due within one year 7 331,393 312,444
NET CURRENT LIABILITIES (274,367 ) (237,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(149,553

)

(88,852

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (149,653 ) (88,952 )
(149,553 ) (88,852 )

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 director and authorised for issue on 26 August 2025 and were signed by:





D G Connor - Director


Optimum Doner Limited (Registered number: 13310593)

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

1. STATUTORY INFORMATION

Optimum Doner 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.

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.

Turnover
The turnover in the profit and loss account represents revenue recognised on goods sold on a cash or credit basis, exclusive of value added tax, from operating as a I Am Doner franchise.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Franchise fees are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Tangible assets are initially measured at cost. After initial recognition, tangible assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and net realisable value after providing for any slow moving or obsolete lines. Stock is valued at a first in first out basis.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from third parties and loans to and from related parties.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Optimum Doner Limited (Registered number: 13310593)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
fees
£   
COST
At 1 September 2023
and 31 August 2024 15,000
AMORTISATION
At 1 September 2023 3,750
Amortisation for year 3,000
At 31 August 2024 6,750
NET BOOK VALUE
At 31 August 2024 8,250
At 31 August 2023 11,250

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 161,491
DEPRECIATION
At 1 September 2023 24,356
Charge for year 20,571
At 31 August 2024 44,927
NET BOOK VALUE
At 31 August 2024 116,564
At 31 August 2023 137,135

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 21,818 1,588
Prepayments 2,632 791
24,450 2,379

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 18,483 4,693
Amounts owed to group undertakings 190,561 172,274
Corporation taxation 815 815
Social security and other taxes 681 580
VAT 6,465 30,103
Other creditors 100,765 101,297
Accrued expenses 13,623 2,682
331,393 312,444

Optimum Doner Limited (Registered number: 13310593)

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

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Gregory Newton FCCA (Senior Statutory Auditor)
for and on behalf of Douglas Fairless Partnership

9. ULTIMATE PARENT COMPANY

The ultimate parent company is Optimum Group Holdings Ltd, a company incorporated in England & Wales.

The registered office of the parent is as follows:

21 Hatton Garden
Liverpool
L3 2FE