REGISTERED NUMBER: 04999372 (England and Wales)

Optimum Property Management Limited

Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

P J Hart

Registered office:

1 Gracechurch Street

London

EC3V 0DD

Registered number:

04999372 (England and Wales)

Current assets

Debtors

4

50,775

30,015

Cash at bank

136,058

149,650

186,833

179,665

Creditors

Amounts falling due within one year

5

117,047

142,620

Net current assets

69,786

37,045

Total assets less current liabilities

69,786

37,045

Creditors

Amounts falling due after more than one year

6

11,369

20,752

Net assets

58,417

16,293

Capital and reserves

Called up share capital

501

501

Capital redemption reserve

7

57

57

Retained earnings

7

57,859

15,735

58,417

16,293

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 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 10 December 2025 and were signed by:

P J Hart - Director

1.	Statutory information

Optimum Property Management Limited 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 FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

Related party exemption

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the Group.

Turnover

Turnover represents amounts receivable for the rendering of property management services including the provision of concierge staff and recharge of expenses to tenants.

Property management service turnover is recognised when the services provided under the service contract are delivered and completed. Concierge turnover is recognised once the provision of the staff has been supplied to the customer. Expenses are recharged to the tenants as part of the project management services when these have been incurred by the Company and are rechargeable to the tenant under the terms of the service contract.

Financial instruments

The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments' to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at the market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow related companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value fo future payments discounted at the market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented 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.

Equity instruments

Equity instruments issued by the Company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless these costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Going concern

These financial statements have been prepared on a going concern basis.

The current economic conditions, present increased risks for all businesses. Most significantly, the impact of unprecedented levels of uncertainty of outcomes on business and consumer confidence. In response to such conditions, the director has carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

3.	Employees and directors

The average number of employees during the year was 3 (2024 - 8 ) .

4.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

37,935

17,013

Other debtors

5,655

502

Prepayments

7,185

12,500

50,775

30,015

5.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

9,373

9,979

Trade creditors

6,803

41,067

Tax

37,127

13,094

VAT

55,670

17,345

Other creditors

4,074

-

Accrued expenses

4,000

61,135

117,047

142,620

6.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans - 1-2 years

11,369

9,383

Bank loans - 2-5 years

-

11,369

11,369

20,752

7.

Reserves

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2024

15,735

57

15,792

Profit for the year

117,124

-

117,124

Dividends

(75,000

)

-

(75,000

)

At 31 March 2025

57,859

57

57,916

8.	Related party disclosures

Transactions with related parties

During the year the Company entered into the following transactions with related parties:

Grainmarket Properties Limited

During the year, the Company was charged rent and recharged expenses totalling £14,369 (2023: £45,827) from Grainmarket Properties Limited. The director is also a director of Grainmarket Properties Limited.

During the year, the Company paid pension contributions on behalf of Gainmarket Properties Limited totalling £34,095 (2024: £37,484). As at the year end, the Company is owed £5,153 (2024: Nil).

9.	Ultimate controlling party

The ultimate controlling party is P J Hart.