REGISTERED NUMBER: 04688143 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th April 2025

for

Optimum Property Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J C Sweeting

REGISTERED OFFICE:

Delmon House

36-38 Church Road

Burgess Hill

West Sussex

RH15 9AE

REGISTERED NUMBER:

04688143 (England and Wales)

ACCOUNTANTS:

Sigma Partners

Delmon House

36-38 Church Road

Burgess Hill

West Sussex

RH15 9AE

BANKERS:

Lloyds TSB

21 Station Avenue

Caterham

Surrey

CR3 6YT

FIXED ASSETS

Tangible assets

4

301

451

Investment property

5

2,005,000

2,118,907

2,005,301

2,119,358

CURRENT ASSETS

Debtors

6

17,392

26,072

Cash at bank and in hand

7,923

2,506

25,315

28,578

CREDITORS

Amounts falling due within one year

7

1,314,493

1,234,746

NET CURRENT LIABILITIES

(1,289,178

)

(1,206,168

)

TOTAL ASSETS LESS CURRENT LIABILITIES

716,123

913,190

CREDITORS

Amounts falling due after more than one year

8

254,106

257,789

NET ASSETS

462,017

655,401

CAPITAL AND RESERVES

Called up share capital

6

2

Retained earnings

462,011

655,399

SHAREHOLDERS' FUNDS

462,017

655,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 2nd October 2025 and were signed by:

J C Sweeting - Director

1.	STATUTORY INFORMATION

Optimum Property Developments Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

20% on 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.

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.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st May 2024

and 30th April 2025

9,602

43,306

9,406

62,314

DEPRECIATION

At 1st May 2024

9,151

43,306

9,406

61,863

Charge for year

150

-

-

150

At 30th April 2025

9,301

43,306

9,406

62,013

NET BOOK VALUE

At 30th April 2025

301

-

-

301

At 30th April 2024

451

-

-

451

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st May 2024

2,118,907

Additions

89,721

Disposals

(19,999

)

Revaluations

(183,629

)

At 30th April 2025

2,005,000

NET BOOK VALUE

At 30th April 2025

2,005,000

At 30th April 2024

2,118,907

Fair value at 30th April 2025 is represented by:

£

Valuation in 2025

(183,629

)

Valuation in 2022

(3,532

)

Valuation in 2019

(65,000

)

Cost

2,257,161

2,005,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

2,257,161

2,187,439

Investment property was valued on an open market basis on 30th April 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

55

Amounts owed by participating interests

-

7,670

Amounts owed by associates

-

590

Other debtors

17,392

17,757

17,392

26,072

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,000

4,333

Payments on account

275

-

Trade creditors

30,095

7,042

Amounts owed to participating interests

12,438

-

Taxation and social security

346

663

Other creditors

1,267,339

1,222,708

1,314,493

1,234,746

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

334

4,001

Other creditors

253,772

253,788

254,106

257,789

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

253,772

253,788

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgage

253,772

253,788

Mortgage is secured on Freehold Property.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J C Sweeting.