1 1 Showman Opticians Limited 01418822 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is a property letting company Digita Accounts Production Advanced 6.30.9574.0 true 01418822 2023-12-01 2024-11-30 01418822 2024-11-30 01418822 bus:Director1 1 2024-11-30 01418822 core:CurrentFinancialInstruments 2024-11-30 01418822 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 01418822 core:FurnitureFittingsToolsEquipment 2024-11-30 01418822 bus:SmallEntities 2023-12-01 2024-11-30 01418822 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 01418822 bus:FilletedAccounts 2023-12-01 2024-11-30 01418822 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 01418822 bus:RegisteredOffice 2023-12-01 2024-11-30 01418822 bus:Director1 2023-12-01 2024-11-30 01418822 bus:Director1 1 2023-12-01 2024-11-30 01418822 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 01418822 core:OfficeEquipment 2023-12-01 2024-11-30 01418822 countries:England 2023-12-01 2024-11-30 01418822 2023-11-30 01418822 bus:Director1 1 2023-11-30 01418822 core:FurnitureFittingsToolsEquipment 2023-11-30 01418822 2022-12-01 2023-11-30 01418822 2023-11-30 01418822 bus:Director1 1 2023-11-30 01418822 core:CurrentFinancialInstruments 2023-11-30 01418822 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 01418822 bus:Director1 1 2022-12-01 2023-11-30 01418822 bus:Director1 1 2022-11-30 xbrli:pure iso4217:GBP

Registration number: 01418822

Showman Opticians Limited

Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Showman Opticians Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Showman Opticians Limited

(Registration number: 01418822)
Statement of Financial Position as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

5

304,929

304,929

Current assets

 

Debtors

6

14,961

18,110

Cash at bank and in hand

 

19,394

29,920

 

34,355

48,030

Creditors: Amounts falling due within one year

7

(5,323)

(6,104)

Net current assets

 

29,032

41,926

Total assets less current liabilities

 

333,961

346,855

Provisions for liabilities

(13,826)

(13,827)

Net assets

 

320,135

333,028

Capital and reserves

 

Called up share capital

6

6

Fair value reserves

68,529

68,529

Retained earnings

251,600

264,493

Shareholders' funds

 

320,135

333,028

 

Showman Opticians Limited

(Registration number: 01418822)
Statement of Financial Position as at 30 November 2024

For the financial year ending 30 November 2024 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 Income Statement.

Approved and authorised by the Board on 28 August 2025 and signed on its behalf by:
 

.........................................
Mr P T Showman
Director

   
     
 

Showman Opticians Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

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

The address of its registered office is:
Flat 1
60 Mountfield Road
Finchley
London
N3 3NP

These financial statements were authorised for issue by the Board on 28 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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 tax. Tax is recognised in profit or loss, 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.

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.

 

Showman Opticians Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

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 statement of financial position 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

20% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a finacial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 

 

Showman Opticians Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Tangible assets

Office Equipment
 £

Total
£

Cost or valuation

At 1 December 2023

1,009

1,009

At 30 November 2024

1,009

1,009

Depreciation

At 1 December 2023

1,009

1,009

At 30 November 2024

1,009

1,009

Carrying amount

At 30 November 2024

-

-

5

Investment properties

2024
£

At 1 December

304,929

The directors are confident that the valuations of the two properties are in line with current market values.

 

6

Debtors

Current

2024
£

2023
£

Other debtors

14,961

18,110

 

14,961

18,110

 

Showman Opticians Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

4,013

4,912

Accruals and deferred income

1,068

950

Other creditors

242

242

5,323

6,104

8

Related party transactions

Transactions with directors

2024

At 1 December 2023
£

Advances to director
£

Repayments by director
£

At 30 November 2024
£

Mr P T Showman

The loan is interest free and repayable on demand

13,013

5,358

(6,729)

11,642

2023

At 1 December 2022
£

Advances to director
£

Repayments by director
£

At 30 November 2023
£

Mr P T Showman

The loan is interest free and repayable on demand

11,667

5,832

(4,486)

13,013