Registration number: 11161133

Optimum Properties Group Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Optimum Properties Group Limited

Company Information

Directors

L P Crehan J F Crehan

Registered office

Woodside 75 Copthorne Road Croxley Green Rickmansworth, Herts WD3 4AH

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Optimum Properties Group Limited

Statement of Financial Position as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	856	1,698
Investment property	5	2,450,000	3,100,000
Investments	6	570,186	570,186
		3,021,042	3,671,884
Current assets
Debtors	7	947,463	982,150
Cash at bank and in hand		776,133	107,138
		1,723,596	1,089,288
Creditors: Amounts falling due within one year	8	(3,839,675)	(3,839,360)
Net current liabilities		(2,116,079)	(2,750,072)
Total assets less current liabilities		904,963	921,812
Creditors: Amounts falling due after more than one year	8	(1,350,181)	(1,350,181)
Net liabilities		(445,218)	(428,369)
Capital and reserves
Called up share capital		100	100
Retained earnings		(445,318)	(428,469)
Shareholders' deficit		(445,218)	(428,369)

For the financial year ending 31 January 2025 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.

Optimum Properties Group Limited

Statement of Financial Position as at 31 January 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Optimum Properties Group Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 23 October 2025 and signed on its behalf by:
 

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

L P Crehan

Director

Company registration number: 11161133

Optimum Properties Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

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

The address of its registered office is:
Woodside
75 Copthorne Road
Croxley Green
Rickmansworth, Herts
WD3 4AH

The principal activity of the company is that of buying and selling of own real estate.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a before tax profit for the year ended 31 January 2025 and had net liabilities of £445,218 at that date, including cash at bank of £776,133.

The company disposed of one investment property in the year generating a significant cash inflow. The remaining investment properties are fully occupied and the directors are confident the company will be profitable for the foreseeable future.

The company has mortgages secured over four of the five investment properties, providing working capital to fund its day to day operations. Furthermore, the directors have the personal finances to continue investment into the company.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Optimum Properties Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rents charged to tenants of the investment properties in the ordinary course of the company’s activities on a time apportioned basis.
Turnover is shown net of value added tax, 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 the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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
Furniture, fittings and equipment	25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors ("the 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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Optimum Properties Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 2 (2024 - 2).

Optimum Properties Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 February 2024	2,843	2,843
At 31 January 2025	2,843	2,843
Depreciation
At 1 February 2024	1,145	1,145
Charge for the year	842	842
At 31 January 2025	1,987	1,987
Carrying amount
At 31 January 2025	856	856
At 31 January 2024	1,698	1,698

5	Investment properties

	2025 £
At 1 February 2024	3,100,000
Disposals	(750,000)
Fair value adjustments	100,000
At 31 January 2025	2,450,000

Investment properties are included at open market value, as valued by the directors at year end considering relevant local market data. No external valuation was undertaken during the year.

Optimum Properties Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6	Investments

	2025 £	2024 £
Investments in subsidiaries	275,050	275,050
Investments in associates	295,136	295,136
	570,186	570,186