ACCOUNTS - Final Accounts preparation

Company registration number: 09845277

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	OPTION FOUR DEVELOPMENT LIMITED


OPTION FOUR DEVELOPMENT LIMITED

COMPANY INFORMATION

Director	A Kaupuzs


Registered number	09845277


Registered office	2nd Floor Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


Independent auditors	Menzies LLP
	Chartered Accountants & Statutory Auditor
	Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ


OPTION FOUR DEVELOPMENT LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


OPTION FOUR DEVELOPMENT LIMITED REGISTERED NUMBER:09845277

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Stocks		10,390,948		8,410,371
Debtors: amounts falling due within one year	4	173,684		16,430
Cash at bank and in hand		8,833		25,483
		10,573,465		8,452,284
Creditors: amounts falling due within one year	5	(104,501)		(16,795)
Net current assets			10,468,964		8,435,489
Total assets less current liabilities			10,468,964		8,435,489
Creditors: amounts falling due after more than one year	6		(20,319,680)		(16,811,111)

Net liabilities			(9,850,716)		(8,375,622)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(9,850,717)	(8,375,623)
	(9,850,716)	(8,375,622)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

A Kaupuzs

Director

Date: 28 July 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1


OPTION FOUR DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Option Four Development Limited is a private company limited by shares, incorporated in the United Kingdom under the Companies Act 2006, registered in England and Wales. The address of the company's registered office is given on the Company Information page. The company's principal place of business is: The Powerhouse, 21 Woodthorpe Road, Ashford, Middlesex, TW15 2RP.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The company made a loss in the year and the Statement of Financial Position shows a net liability position at the year end. The company's major creditor is with group entities and they have confirmed that the debt will not be recalled unless the company can afford to do so without prejudice to other creditors.

As a result of the actions described above, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts with no material uncertainty.

2.3

Stock

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of
activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the
valuation of work in progress.

2.4

Financial instruments

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

2.5

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Page 2


OPTION FOUR DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'Difference on foreign exchange'. All other foreign exchange gains and losses are presented in the Statement of Income and Retained Earnings within 'other operating income/(expenditure)'.

2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Debtors

					2024	2023
					£	£


Trade debtors	-	569
Amounts owed by group undertakings	55,108	2,275
Other debtors	118,576	13,586
	173,684	16,430

Page 3


OPTION FOUR DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	100,426	7,498
Amounts owed to group undertakings	-	5,347
Accruals and deferred income	4,075	3,950
	104,501	16,795

6.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Amounts owed to group undertakings	20,319,680	16,811,111
	20,319,680	16,811,111

7.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 28 July 2025 by Tom Woods FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

Page 4