| Optimal Property Services Limited |
| Accountants' Report |
|
|
| Accountants' report to the directors of |
| Optimal Property Services Limited |
|
| You consider that the company is exempt from an audit for the year ended 31 March 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
|
| Stuart McBain Ltd |
| Accountants |
|
| Unit 14 Century Building |
| Tower Street |
| Liverpool |
| Merseyside |
| L3 4BJ |
|
| 17 October 2025 |
|
| Optimal Property Services Limited |
| Registered number: |
07565132 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
909,000 |
|
|
824,000 |
|
| Current assets |
| Debtors |
4 |
|
1,275 |
|
|
1,875 |
| Cash at bank and in hand |
|
|
1,670 |
|
|
325 |
|
|
|
2,945 |
|
|
2,200 |
|
| Creditors: amounts falling due within one year |
5 |
|
(145) |
|
|
(1,200) |
|
| Net current assets |
|
|
|
2,800 |
|
|
1,000 |
|
| Total assets less current liabilities |
|
|
|
911,800 |
|
|
825,000 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(688,789) |
|
|
(621,321) |
|
|
|
| Net assets |
|
|
|
223,011 |
|
|
203,679 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
3 |
|
|
3 |
| Revaluation reserve |
7 |
|
|
456,414 |
|
|
371,414 |
| Profit and loss account |
|
|
|
(233,406) |
|
|
(167,738) |
|
| Shareholders' funds |
|
|
|
223,011 |
|
|
203,679 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Stuart McBain Barry Nigel Henshaw Steven David Watkinson |
| Directors |
| Approved by the board on 17 October 2025 |
|
| Optimal Property Services Limited |
| Statement of Changes in Equity |
| for the year ended 31 March 2025 |
|
| Share |
Re- |
Profit |
Total |
| capital |
valuation |
and loss |
| reserve |
account |
| £ |
£ |
£ |
£ |
|
| At 1 April 2023 |
3 |
|
323,229 |
|
(100,154) |
|
223,078 |
|
| Loss for the financial year |
(67,584) |
|
(67,584) |
|
| Gain on revaluation of land and buildings |
|
|
|
48,185 |
|
|
|
48,185 |
| Other comprehensive income for the financial year |
|
- |
|
48,185 |
|
- |
|
48,185 |
| Total comprehensive income for the financial year |
|
- |
|
48,185 |
|
(67,584) |
|
(19,399) |
|
|
|
|
|
|
|
|
|
|
| At 31 March 2024 |
3 |
|
371,414 |
|
(167,738) |
|
203,679 |
|
|
|
|
|
|
|
|
|
|
|
| At 1 April 2024 |
3 |
|
371,414 |
|
(167,738) |
|
203,679 |
|
| Loss for the financial year |
(65,668) |
|
(65,668) |
|
| Gain on revaluation of land and buildings |
|
|
|
85,000 |
|
|
|
85,000 |
| Other comprehensive income for the financial year |
|
- |
|
85,000 |
|
- |
|
85,000 |
| Total comprehensive income for the financial year |
|
- |
|
85,000 |
|
(65,668) |
|
19,332 |
|
|
|
|
|
|
|
|
|
|
| At 31 March 2025 |
3 |
|
456,414 |
|
(233,406) |
|
223,011 |
|
| Optimal Property Services Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 April 2024 |
824,000 |
|
Surplus on revaluation |
85,000 |
|
At 31 March 2025 |
909,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
909,000 |
|
At 31 March 2024 |
824,000 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
825 |
|
1,375 |
|
Directors current account (SW) |
|
|
|
|
450 |
|
500 |
|
|
|
|
|
|
1,275 |
|
1,875 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
- |
|
1,200 |
|
Other creditors |
145 |
|
- |
|
|
|
|
|
|
145 |
|
1,200 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
379,187 |
|
379,187 |
|
Bounce Back Loan |
|
|
|
|
840 |
|
1,560 |
|
Directors current account (SMB) |
|
|
|
|
144,785 |
|
119,965 |
|
Directors cumlative interest account (SMB) |
|
|
|
|
56,570 |
|
49,330 |
|
Directors current account (BH) |
|
|
|
|
97,199 |
|
65,931 |
|
Directors cumlative interest account (BH) |
|
|
|
|
10,208 |
|
5,348 |
|
|
|
|
|
|
688,789 |
|
621,321 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 April 2024 |
371,414 |
|
323,229 |
|
Gain on revaluation of land and buildings |
85,000 |
|
48,185 |
|
|
At 31 March 2025 |
456,414 |
|
371,414 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Optimal Property Services Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 14 Century Building |
|
Tower Street |
|
Brunswick Business park |
|
Liverpool |
|
L3 4BJ |
|
| 9 |
Property Valuation |
Purchased |
|
2025 |
|
Valuation Source |
| £ |
|
|
7 Scholes Lane Thatto Heath Merseyside WA9 5NX |
February-2012 |
|
115,000 |
|
Zoopla |
|
3 Kerr Grove St Helens Merseyside WA9 1RE |
January-2014 |
|
120,000 |
|
Zoopla |
|
15b Witham Road Skelmersdale WN8 8HW |
July-2018 |
|
119,000 |
|
Zoopla |
|
8 Finlay Court Wigan WN5 9SZ |
July-2020 |
|
108,000 |
|
Zoopla |
|
13 Finlay Court Wigan WN5 9SZ |
July-2020 |
|
114,000 |
|
Zoopla |
|
1206 Beetham Tower L3 9BE |
July-2022 |
|
118,000 |
|
Zoopla |
|
Tigh Samhardh Monreith Newton Stewart DG8 9LJ |
September-2023 |
|
130,000 |
|
Gap in the Market |
|
|
As at 31st March 2020 |
824,000 |
|
|
|
|
|
|
|
| 10 |
Potential Distribution |
2025 |
| £ |
|
|
Stuart McBain |
275,692 |
|
Barry Henshaw |
181,744 |
|
Steve Watkinson |
73,887 |
|
|
|
|
|
|
|
531,323 |
|
|
|
|
|
|
|
| 11 |
Property Yield (Sales / property cost) |
2020 |
| £ |
|
|
7 Scholes Lane Thatto Heath Merseyside WA9 5NX |
44,867 |
|
11% |
|
3 Kerr Grove St Helens Merseyside WA9 1RE |
53,236 |
|
12% |
|
15b Witham Road Skelmersdale WN8 8HW |
88,756 |
|
7% |
|
8 Finlay Court Wigan WN5 9SZ |
55,000 |
|
13% |
|
13 Finlay Court Wigan WN5 9SZ |
55,000 |
|
13% |
|
1206 Beetham Tower L3 9BE |
50,000 |
|
10% |
|
Tigh Samhardh Monreith Newton Stewart DG8 9LJ |
- |
|
0% |
|
| 12 |
Company Gearing (Loan / property value) |
71% |
|
| 13 |
Current mortgage position |
|
|
7 Scholes Lane Thatto Heath Merseyside WA9 5NX |
79,740 |
|
3 Kerr Grove St Helens Merseyside WA9 1RE |
78,087 |
|
15b Witham Road Skelmersdale WN8 8HW |
76,500 |
|
8 Finlay Court Wigan WN5 9SZ |
75,055 |
|
13 Finlay Court Wigan WN5 9SZ |
69,805 |
|
|
|
|
|
|
|
379,187 |
|
| Optimal Property Services Limited |
| Tax impact of sale |
| for the year ended 31 March 2025 |
|
| Property |
Cost |
|
Valuation |
|
Gain |
|
Mortgage |
Realised |
|
| 7 Scholes Lane Thatto Heath Merseyside WA9 5NX |
44,867 |
|
115,000 |
|
70,133 |
|
79,740 |
|
35,260 |
| 3 Kerr Grove St Helens Merseyside WA9 1RE |
53,236 |
|
120,000 |
|
66,764 |
|
78,087 |
|
41,913 |
| 15b Witham Road Skelmersdale WN8 8HW |
88,756 |
|
119,000 |
|
30,244 |
|
76,500 |
|
42,500 |
| 8 Finlay Court Wigan WN5 9SZ |
55,000 |
|
108,000 |
|
53,000 |
|
75,055 |
|
32,945 |
| 13 Finlay Court Wigan WN5 9SZ |
55,000 |
|
114,000 |
|
59,000 |
|
69,805 |
|
44,195 |
| 1206 Beetham Tower L3 9BE |
50,000 |
|
118,000 |
|
68,000 |
|
0 |
|
118,000 |
| Tigh Samhardh Monreith Newton Stewart DG8 9LJ |
0 |
|
130,000 |
|
130,000 |
|
0 |
|
130,000 |
|
| Total |
346,859 |
|
824,000 |
|
477,141 |
|
379,187 |
|
444,813 |
|
|
|
|
|
|
|
|
|
|
|
| Trading losses |
-233,406 |
|
| Taxable |
243,735 |
|
| Company Tax Due |
46,310 |
|
|
| Directors loans to company |
308,762 |
|
| Taxes paid by company |
46,310 |
|
| Balance to be paid out as Dividend |
89,741 |