| REGISTERED NUMBER: |
| OPTIMA HOUSE LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MAY 2025 |
| REGISTERED NUMBER: |
| OPTIMA HOUSE LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MAY 2025 |
| OPTIMA HOUSE LIMITED (REGISTERED NUMBER: 01465030) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MAY 2025 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 | to | 5 |
| OPTIMA HOUSE LIMITED (REGISTERED NUMBER: 01465030) |
| BALANCE SHEET |
| 31ST MAY 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Revaluation reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| OPTIMA HOUSE LIMITED (REGISTERED NUMBER: 01465030) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MAY 2025 |
| 1. | STATUTORY INFORMATION |
| Optima House Limited is a |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Financial instruments |
| The company only enters into transactions in 'basic' financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company's balance sheet when it becomes party to the contractual provisions of the instrument. |
| Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised. |
| Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised. |
| Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| OPTIMA HOUSE LIMITED (REGISTERED NUMBER: 01465030) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MAY 2025 |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1st June 2024 | 637,482 |
| Additions | 186,447 |
| Disposals | ( |
) | (148,725 | ) |
| Revaluations | 25,669 |
| At 31st May 2025 | 700,873 |
| NET BOOK VALUE |
| At 31st May 2025 | 700,873 |
| At 31st May 2024 | 637,482 |
| Cost or valuation at 31st May 2025 is represented by: |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| Valuation in 2025 | - | 89,087 | 89,087 |
| Cost | 20,998 | 590,788 | 611,786 |
| 20,998 | 679,875 | 700,873 |
| OPTIMA HOUSE LIMITED (REGISTERED NUMBER: 01465030) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MAY 2025 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows: |
Undertaking |
Country of incorporation |
Holding |
Proportion of voting rights and shares held |
| Subsidiary Undertakings | 2025 | 2024 |
| Optima International Limited | England | Ordinary | 100% | 100% |
| Optima House, Askern Road, Toll Bar, | Doncaster, South Yorkshire, DN5 0QY |
| Wedge Wire Screens Limited | England | Ordinary | 100% | 100% |
| Optima House, Askern Road, Toll Bar, | Doncaster, South Yorkshire, DN5 0QY |
| Optimum Systems Limited | England | Ordinary | 100% | 100% |
| Optima House, Askern Road, Toll Bar, | Doncaster, South Yorkshire, DN5 0QY |
| Sampling Engineering Systems Limited | England | Ordinary | 100% | 100% |
| Optima House, Askern Road, Toll Bar, | Doncaster, South Yorkshire, DN5 0QY |
| Bra-in Screen Solutions Industria Ltda | Brazil | Ordinary | 50% | 50% |
| Avenida Marginal Jose OsvaldoMarques, | 1614 - Jardim Recreio dos Bandeirantes, | Sertaozinho |
| The principal activity of Optima International Limited is the manufacture of wedge wire screens. |
| Wedge Wire Screens Limited, Optimum Systems Limited and Sampling Engineering Systems Limited are dormant companies. |
| The principal activity of Bra-in Screen Solutions lndustria Ltda is the manufacture of wedge wire screening. |
| The profit for the financial period of Optima International Limited was £142,066 (2024: £464,434) and the aggregate amount of capital and reserves at the end of the period was £5,030,984 (2024: £5,025,262). |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st June 2024 |
| and 31st May 2025 |
| NET BOOK VALUE |
| At 31st May 2025 |
| At 31st May 2024 |
| Investment property was revalued as at 15 June 2016 (the date of acquisition of the property from the company subsidiary, via a dividend received in specie) to £790,000 by PPH Commercial Chartered Surveyors and Commercial Property Consultants with experience of valuing similar properties on an open market existing use basis. |
| The value of the property is subject to review by the company's directors on an annual basis. The directors consider the valuation at the balance sheet date represents fair value. |
| OPTIMA HOUSE LIMITED (REGISTERED NUMBER: 01465030) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MAY 2025 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary A | 1 | 20,000 | 20,000 |
| Ordinary B | 1 | 1,000 | 1,000 |
| 21,000 | 21,000 |
| Ordinary shares rank pari passu except that different rates of dividend can be declared on different classes of share |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1st June 2024 |
| and 31st May 2025 |
| 10. | PRIOR YEAR ADJUSTMENTS |
| During the year an error was noted in relation to the investment valuation and classification. As a result the opening reserves at 1st June 2023 were understated by £37,226. The prior year cash at bank was overstated by £561,702, the investments were understated by £616,484, deferred tax was understated by £13,892, expenditure was understated by £490 and income was understated by £18,046. |
| Restatement of brought forward reserves: |
| As originally stated as at 1st June 2023 | 2,007,238 |
| Restatement of investments | 37,226 |
| Reserve balance brought forward at 1st June 2023 | 2,044,464 |
| Net increase in reserves as originally stated | 100,360 |
| Restatement of investments | 3,664 |
| Reserve balance brought forward at 1st June 2024 | 2,148,488 |