Optical Center UK Ltd - Filleted accounts

Registered number

12965065

Optical Center UK Ltd

Filleted Accounts

For the year ended 31 December 2024

Optical Center UK Ltd
Registered number:		12965065
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	5		2,497			15,944
Tangible assets	6		4,635,876			4,358,563
			4,638,373			4,374,507

Current assets
Stocks		1,010,336			764,528
Debtors	7	871,381			736,877
Cash at bank and in hand		140,020			219,905
		2,021,737			1,721,310

Creditors: amounts falling due within one year	8	(18,879,221)			(13,402,423)

Net current liabilities			(16,857,484)			(11,681,113)

Net liabilities			(12,219,111)			(7,306,606)

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			(12,220,111)			(7,307,606)

Shareholder's funds			(12,219,111)			(7,306,606)

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.




Laurent Levy
Director
Approved by the board on 22 December 2025

Optical Center UK Ltd
Notes to the Accounts
for the year ended 31 December 2024


1	Statutory information

	Optical Center UK Ltd is a private company limited by shares and incorporated in England and Wales. The company's registered number and registered office address are as follows:

	Registered number :	12965065

	Registered office :	Unit 13 - Tandem Centre
		Tandem Way
		London
		SW19 2TY


2	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) and the companies Act 2006. The presentation currency of the financial statements is the Pound Sterling (£).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on dispatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

	Going concern
	Material uncertainty relating to going concern The company made a significant loss for the period ended 31 December 2024 and had net liabilities of £12,219,111 at 31 December 2024. This is a condition that may cast significant doubt on the entity's ability to continue as a going concern. The company is dependent upon the continued financial support of its parent company. The parent company has pledged continued support for the company for at least 12 months from the date of the approval of these financial statements and in particular will not seek repayment of the amounts currently made available. This should enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payments. As with any company placing reliance on other related parties for financial support, that there are no certainty that this support will continue although at the date of approval of these financial statements, there is no reason to believe that they will not do so. On this basis, the director believes that it remains appropriate to prepare the financial statements on a going concern basis.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Improvement to property			Over 10 years
	Furniture and fixtures			Over 5 years
	Motor vehicles			Over 4 years
	Office and computer equipment			Over 3 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

	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
	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.

	Provisions
	Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period, foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

3	Audit information

	The audit report is unqualified.

	Senior statutory auditor:	Indra Raj Giri ACA, FCCA
	Firm:	Makesworth Audit Services Ltd
	Date of audit report:	22 December 2025


4	Employees							2024		2023
Number									Number

	Average number of persons employed by the company							55		45


5	Intangible fixed assets									£
	Software and licenses:

	Cost
	At 1 January 2024									44,259
	Additions									1,957
	Disposals									-
	At 31 December 2024									46,216

	Amortisation
	At 1 January 2024									28,315
	Provided during the year									15,404
	On disposals									-
	At 31 December 2024									43,719

	Net book value
	At 31 December 2024									2,497
	At 31 December 2023									15,944

	Intangible asset is being written off in equal annual instalments over its estimated economic life of 3 years.

6	Tangible fixed assets
		Improvement to property		Office and computer equipment		Furniture and fixtures		Motor vehicles		Total
£			£		£		£		£
	Cost
	B/fwd	4,352,968		1,305,104		490,143		34,000		6,182,215
	Additions	1,022,840		366,376		107,702		-		1,496,918
	C/fwd	5,375,808		1,671,480		597,845		34,000		7,679,133

	Depreciation
	B/fwd	851,254		740,659		223,239		8,500		1,823,652
	Charge for the year	537,581		553,955		119,569		8,500		1,219,605
	C/fwd	1,388,835		1,294,614		342,808		17,000		3,043,257

	Net book value
	C/fwd	3,986,973		376,866		255,037		17,000		4,635,876
	B/fwd	3,501,714		564,445		266,904		25,500		4,358,563


7	Debtors							2024		2023
£									£

	Trade debtors							37,192		1,397
	Prepayments							359,425		302,528
	Other debtors							474,764		432,952
								871,381		736,877


8	Creditors: amounts falling due within one year							2024		2023
£									£

	Trade creditors							402,929		495,055
	Amounts owed to group undertakings							18,310,555		12,725,747
	Taxation and social security costs							83,595		60,856
	Accruals							41,584		64,178
	Other creditors							40,558		56,587
								18,879,221		13,402,423


9	Other financial commitments							2024		2023
£									£

	Total future minimum payments under non-cancellable operating leases							3,036,850		3,463,975


10	Related party transactions

	Included within creditors is an amount of £18,311,554 (2023: £12,726,746) due to its parent company. The amount is payable within one year.


11	Controlling party

	The parent undertaking of the smallest group of undertakings for which group accounts are drawn up of which the company is a member is Optical Center SAS, incorporated in France, which is the company's immediate parent company. Optical Center SAS prepares group financial statements and copies can be obtained from its registered office at 74 Rue Laugier, Paris, France 75017.