IRIS Accounts Production v25.2.0.378 07639678 director 1.9.23 31.8.24 31.8.24 26.8.25 false true false false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076396782023-08-31076396782024-08-31076396782023-09-012024-08-31076396782022-08-31076396782022-09-012023-08-31076396782023-08-3107639678ns15:EnglandWales2023-09-012024-08-3107639678ns14:PoundSterling2023-09-012024-08-3107639678ns10:Director12023-09-012024-08-3107639678ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3107639678ns10:SmallEntities2023-09-012024-08-3107639678ns10:Audited2023-09-012024-08-3107639678ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3107639678ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3107639678ns10:FullAccounts2023-09-012024-08-310763967812023-09-012024-08-3107639678ns10:RegisteredOffice2023-09-012024-08-3107639678ns5:CurrentFinancialInstruments2024-08-3107639678ns5:CurrentFinancialInstruments2023-08-3107639678ns5:ShareCapital2024-08-3107639678ns5:ShareCapital2023-08-3107639678ns5:RevaluationReserve2024-08-3107639678ns5:RevaluationReserve2023-08-3107639678ns5:RetainedEarningsAccumulatedLosses2024-08-3107639678ns5:RetainedEarningsAccumulatedLosses2023-08-3107639678ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3107639678ns5:PatentsTrademarksLicencesConcessionsSimilar2023-09-012024-08-3107639678ns5:LeaseholdImprovements2023-09-012024-08-3107639678ns5:FurnitureFittings2023-09-012024-08-3107639678ns5:MotorVehicles2023-09-012024-08-3107639678ns5:ComputerEquipment2023-09-012024-08-3107639678ns5:PatentsTrademarksLicencesConcessionsSimilar2023-08-3107639678ns5:PatentsTrademarksLicencesConcessionsSimilar2024-08-3107639678ns5:PatentsTrademarksLicencesConcessionsSimilar2023-08-3107639678ns5:LeaseholdImprovements2023-08-3107639678ns5:FurnitureFittings2023-08-3107639678ns5:MotorVehicles2023-08-3107639678ns5:ComputerEquipment2023-08-3107639678ns5:LeaseholdImprovements2024-08-3107639678ns5:FurnitureFittings2024-08-3107639678ns5:MotorVehicles2024-08-3107639678ns5:ComputerEquipment2024-08-3107639678ns5:CostValuation2023-08-3107639678ns5:AdditionsToInvestments2024-08-3107639678ns5:RevaluationsIncreaseDecreaseInInvestments2024-08-3107639678ns5:CostValuation2024-08-3107639678ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3107639678ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3107639678ns5:WithinOneYear2024-08-3107639678ns5:WithinOneYear2023-08-3107639678ns5:BetweenOneFiveYears2024-08-3107639678ns5:BetweenOneFiveYears2023-08-3107639678ns5:MoreThanFiveYears2024-08-3107639678ns5:MoreThanFiveYears2023-08-3107639678ns5:AllPeriods2024-08-3107639678ns5:AllPeriods2023-08-31
REGISTERED NUMBER: 07639678 (England and Wales)














Financial Statements for the Year Ended 31 August 2024

for

Optimum Cappuccino Limited

Optimum Cappuccino Limited (Registered number: 07639678)






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 Cappuccino 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: 07639678 (England and Wales)





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

Optimum Cappuccino Limited (Registered number: 07639678)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,655 2,450
Tangible assets 5 851,507 1,010,975
Investments 6 897,827 437,295
1,750,989 1,450,720

CURRENT ASSETS
Stocks 41,736 45,132
Debtors 7 848,553 1,216,102
Cash at bank and in hand 233,843 169,460
1,124,132 1,430,694
CREDITORS
Amounts falling due within one year 8 726,857 753,905
NET CURRENT ASSETS 397,275 676,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,148,264

2,127,509

PROVISIONS FOR LIABILITIES 96,351 139,561
NET ASSETS 2,051,913 1,987,948

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 (27,768 ) -
Retained earnings 2,079,581 1,987,848
2,051,913 1,987,948

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 Cappuccino Limited (Registered number: 07639678)

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

1. STATUTORY INFORMATION

Optimum Cappuccino 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 as modified by the revaluation of certain assets.

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, intangible assets are measured at cost less any 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.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 on 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 Cappuccino Limited (Registered number: 07639678)

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.

Investments
Investments are initially measured at cost and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in the revaluation reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 88 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
fees
£   
COST
At 1 September 2023
and 31 August 2024 96,728
AMORTISATION
At 1 September 2023 94,278
Amortisation for year 795
At 31 August 2024 95,073
NET BOOK VALUE
At 31 August 2024 1,655
At 31 August 2023 2,450

Optimum Cappuccino Limited (Registered number: 07639678)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 2,175,173 1,322,945 352,614 29,944 3,880,676
Additions - 69,419 - 5,929 75,348
Disposals - (77,511 ) - - (77,511 )
At 31 August 2024 2,175,173 1,314,853 352,614 35,873 3,878,513
DEPRECIATION
At 1 September 2023 2,024,793 679,750 126,855 29,944 2,861,342
Charge for year 64,648 104,559 56,440 1,976 227,623
Eliminated on disposal - (61,959 ) - - (61,959 )
At 31 August 2024 2,089,441 722,350 183,295 31,920 3,027,006
NET BOOK VALUE
At 31 August 2024 85,732 592,503 169,319 3,953 851,507
At 31 August 2023 150,380 643,195 225,759 - 1,019,334

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2023 437,295
Additions 488,300
Revaluations (27,768 )
At 31 August 2024 897,827
NET BOOK VALUE
At 31 August 2024 897,827
At 31 August 2023 437,295

Cost or valuation at 31 August 2024 is represented by:

Other
investments
£   
Valuation in 2024 (27,768 )
Cost 925,595
897,827

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 148,337 -
Amounts owed by group undertakings 509,334 947,702
Other debtors 60,273 60,526
Corporation tax - 120,390
Prepayments 130,609 87,484
848,553 1,216,102

Optimum Cappuccino Limited (Registered number: 07639678)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 314,331 405,984
Corporation taxation 99,752 4,396
Social security and other taxes - 16,477
VAT 106,924 182,203
Other creditors 72,725 98,673
Credit card 28,102 -
Accrued expenses 105,023 46,172
726,857 753,905

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 220,300 220,300
Between one and five years 440,600 440,600
In more than five years 2,203,000 2,643,600
2,863,900 3,304,500

10. RESERVES
Revaluation
reserve
£   
Revaluation (27,768 )

At 31 August 2024 (27,768 )

11. 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

12. ULTIMATE CONTROLLING PARTY

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