Independent Options Ltd

Contents

Statement of financial position	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Independent Options Ltd

(Registration number: 04533701)
Statement of financial position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	487	23,490
Tangible assets	5	892	713
		1,379	24,203
Current assets
Debtors	6	361,828	83,868
Cash at bank and in hand		145,570	49,640
		507,398	133,508
Creditors: Amounts falling due within one year	7	(43,643)	(37,375)
Net current assets		463,755	96,133
Total assets less current liabilities		465,134	120,336
Provisions for liabilities		(169)	(135)
Net assets		464,965	120,201
Capital and reserves
Called up share capital	8	10	10
Retained earnings		464,955	120,191
Shareholders' funds		464,965	120,201

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Independent Options Ltd

(Registration number: 04533701)
Statement of financial position as at 31 March 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income statement.

Approved and authorised by the director on 22 December 2025
 

......................................... Mr M. Searle Director

Independent Options Ltd

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

1	General information

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

The address of its registered office is:
119 George V Avenue
Worthing
West Sussex
BN11 5SA

These financial statements were authorised for issue by the director on 22 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, 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 each of the company's activities.

Tax

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable 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.

Independent Options Ltd

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

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	15% reducing balance
Computer & office equipment	33.3% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5% straight line

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

Independent Options Ltd

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

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	275,000	275,000
Disposals	(261,250)	(261,250)
At 31 March 2025	13,750	13,750
Amortisation
At 1 April 2024	251,510	251,510
Amortisation charge	10,484	10,484
Amortisation eliminated on disposals	(248,731)	(248,731)
At 31 March 2025	13,263	13,263
Carrying amount
At 31 March 2025	487	487
At 31 March 2024	23,490	23,490

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	14,253	14,253
Additions	899	899
Disposals	(10,156)	(10,156)
At 31 March 2025	4,996	4,996
Depreciation
At 1 April 2024	13,540	13,540
Charge for the year	720	720
Eliminated on disposal	(10,156)	(10,156)
At 31 March 2025	4,104	4,104
Carrying amount
At 31 March 2025	892	892
At 31 March 2024	713	713

Independent Options Ltd

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

6

Debtors

Current	2025 £	2024 £
Trade debtors	18,004	6,957
Prepayments	276	1,125
Other debtors	343,548	75,786
	361,828	83,868

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	14,454	8,804
Accruals and deferred income	5,603	2,620
Other creditors	23,586	25,951
	43,643	37,375

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	10	10	10	10

Independent Options Ltd

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

9	Related party transactions

Transactions with the director

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Mr M. Searle
Loan at 2% to 2.25% per annun	44,613	36,287	(50,000)	30,900

2024	At 1 April 2023 £	Advances to director £	Repayments by director £	At 31 March 2024 £
Mr M. Searle
Loan at 2% to 2.25% per annun	53,951	44,662	(54,000)	44,613