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REGISTERED NUMBER: 06878735 (England and Wales)














Financial Statements for the Year Ended 31 August 2024

for

Optimum Coffee Limited

Optimum Coffee Limited (Registered number: 06878735)






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 Coffee 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: 06878735 (England and Wales)





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

Optimum Coffee Limited (Registered number: 06878735)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 533,668 710,602
533,668 710,602

CURRENT ASSETS
Stocks 12,226 14,232
Debtors 6 856,223 711,612
Cash at bank and in hand 67,944 43,649
936,393 769,493
CREDITORS
Amounts falling due within one year 7 294,493 238,905
NET CURRENT ASSETS 641,900 530,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,175,568

1,241,190

PROVISIONS FOR LIABILITIES 131,897 131,897
NET ASSETS 1,043,671 1,109,293

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,043,571 1,109,193
1,043,671 1,109,293

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 Coffee Limited (Registered number: 06878735)

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

1. STATUTORY INFORMATION

Optimum Coffee 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 Costa Coffee franchise.Revenue is recognised daily based on transactions recorded in each store till system for that day.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, tangible 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 25% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on reducing balance

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.


Optimum Coffee Limited (Registered number: 06878735)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 23 ).

4. INTANGIBLE FIXED ASSETS
Franchise
fees
£   
COST
At 1 September 2023
and 31 August 2024 32,673
AMORTISATION
At 1 September 2023
and 31 August 2024 32,673
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

Optimum Coffee Limited (Registered number: 06878735)

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 September 2023 105,407 170,495 288,207
Additions - - -
Disposals - - (60,609 )
Reclassification/transfer (105,407 ) 105,407 -
At 31 August 2024 - 275,902 227,598
DEPRECIATION
At 1 September 2023 - 32,962 269,503
Charge for year - 65,190 1,719
Eliminated on disposal - - (53,368 )
At 31 August 2024 - 98,152 217,854
NET BOOK VALUE
At 31 August 2024 - 177,750 9,744
At 31 August 2023 105,407 137,533 18,704

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 1,163,132 108,080 34,069 1,869,390
Additions 7,625 - - 7,625
Disposals (161,271 ) - - (221,880 )
Reclassification/transfer - - - -
At 31 August 2024 1,009,486 108,080 34,069 1,655,135
DEPRECIATION
At 1 September 2023 782,308 53,770 20,245 1,158,788
Charge for year 54,918 27,020 6,146 154,993
Eliminated on disposal (138,946 ) - - (192,314 )
At 31 August 2024 698,280 80,790 26,391 1,121,467
NET BOOK VALUE
At 31 August 2024 311,206 27,290 7,678 533,668
At 31 August 2023 380,824 54,310 13,824 710,602

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 454 3,641
Amounts owed by group undertakings 830,538 695,861
Other debtors - 360
Prepayments 25,231 11,750
856,223 711,612

Optimum Coffee Limited (Registered number: 06878735)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 117,645 116,156
Corporation taxation 32,603 -
Social security and other taxes - 4,793
VAT 39,984 37,118
Other creditors 30,644 20,274
Accrued expenses 73,617 60,564
294,493 238,905

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 45,000 45,000
Between one and five years 180,000 180,000
In more than five years 225,000 270,000
450,000 495,000

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

The Report of the Auditors was unqualified.

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

10. 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