REGISTERED NUMBER: 03518537 (England and Wales)

Unaudited Financial Statements

for the Period 29 February 2024 to 31 March 2025

for

H S Optical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S C Haine

Mrs L K Webb

Miss E C Haine

REGISTERED OFFICE:

Hermes House

Fire Fly Avenue

Swindon

Wiltshire

SN2 2GA

REGISTERED NUMBER:

03518537 (England and Wales)

FIXED ASSETS

Investments

5

-

1,986,792

Investment property

6

2,355,000

-

2,355,000

1,986,792

CURRENT ASSETS

Debtors

7

84,886

28,432

Cash at bank

992,602

19,316

1,077,488

47,748

CREDITORS

Amounts falling due within one year

8

268,938

93,520

NET CURRENT ASSETS/(LIABILITIES)

808,550

(45,772

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,163,550

1,941,020

PROVISIONS FOR LIABILITIES

125,346

-

NET ASSETS

3,038,204

1,941,020

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

9

392,799

-

Capital redemption reserve

1,800,000

1,800,000

Retained earnings

844,405

140,020

SHAREHOLDERS' FUNDS

3,038,204

1,941,020

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mrs S C Haine - Director

G B J Smith - Director

1.	STATUTORY INFORMATION

H S Optical 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention on a going concern basis.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus arising from changes in fair value is recognised within other comprehensive income and held within a revaluation reserve. Any aggregate deficit arising from changes in fair value is recognised in profit and loss.

Financial instruments

Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans and overdrafts and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the period comprises current and deferred tax recognised in the reporting period. 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. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current and deferred taxation assets and liabilities are not discounted.

Current tax

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax arises from timing differences that are differences between taxable profit and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessment in periods different from those in which they are recognised in financial statements.

Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only 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 tax rates and laws that have been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Share capital

Ordinary shares are classified as equity.

Impairment of assets

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 2 ) .

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 29 February 2024

1,986,792

Disposals

(200,000

)

Reclassification/transfer

(1,786,792

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 28 February 2024

1,986,792

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

66,825

Revaluations

501,383

Reclassification

1,786,792

At 31 March 2025

2,355,000

NET BOOK VALUE

At 31 March 2025

2,355,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

501,383

Cost

1,853,617

2,355,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,853,617

-

Investment properties were valued on an open market basis on 2 May 2025 by Kilpatrick & Co .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

39,285

24,722

Other debtors

39,923

-

Prepayments

5,678

3,710

84,886

28,432

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

10,318

9,054

Tax

213,531

14,441

Social security and other taxes

70

-

Other creditors

2,200

16

Haine & Smith current account

-

17,335

Directors' current accounts

17,756

40,035

Accruals and deferred income

25,063

12,639

268,938

93,520

9.

RESERVES

Revaluation

reserve

£

Revaluation of property

392,799

At 31 March 2025

392,799

10.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had commitments under non-cancellable operating leases falling due on the following timescale:

2024

2023

£

£

Within one year

-

15,000

Between one and five years

-

45,000

-

60,000

11.	RELATED PARTY DISCLOSURES

Loans to trusts in which the directors of the company were beneficiaries and trustees at the year end totalled £39,923 (2024 - £nil). Interest was charged on these on balances in excess of £10,000 in line with HM Revenue & Customs official beneficial loan interest rates.