Optimum Wealth Management LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC326399

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		159,029		159,624

			159,029		159,624
CURRENT ASSETS
Debtors	5	26,674		27,642
Cash at bank and in hand		1,934		316

		28,608		27,958
Creditors: Amounts Falling Due Within One Year	6	(18,248 )		(18,772 )

NET CURRENT ASSETS (LIABILITIES)			10,360		9,186

TOTAL ASSETS LESS CURRENT LIABILITIES			169,389		168,810

Creditors: Amounts Falling Due After More Than One Year	7		(60,000 )		(62,326 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			109,389		106,484

REPRESENTED BY:
Loans and other debts due to members within one year
Other amounts		109,389		106,484

			109,389		106,484

			109,389		106,484

TOTAL MEMBERS' INTEREST
Amounts due from members			(26,674)		(27,642)
Loans and other debts due to members within one year			109,389		106,484

			82,715		78,842

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Optimum Wealth Management LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

Mr Christopher Ellis Designated Member	Mr Peter Sharman Designated Member
11 December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Optimum Wealth Management LLP is a limited liability partnership, incorporated in England & Wales, registered number OC326399 . The Registered Office is 72-74 Wharf Road, Chelmsford, Essex, CM2 6LU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. 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 property rental and from the rendering of services. Turnover is reduced for estimated customer refunds, rebates and other similar allowances.

Rent

Rental income is recognised for the period the property has been occupied.

Rendering of services

Income is recognised at the point the consultancy services has been provided or when Optimum Wealth Management LLP are contractually entitled to commission.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Residual value is equal to cost
Fixtures & Fittings	33% on cost and 25% on reducing balance

2.4. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	158,385	14,878	173,263

As at 31 March 2025	158,385	14,878	173,263

...CONTINUED

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Optimum Wealth Management LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	-	13,639	13,639
Provided during the period	-	595	595

As at 31 March 2025	-	14,234	14,234

Net Book Value
As at 31 March 2025	158,385	644	159,029

As at 1 April 2024	158,385	1,239	159,624

No depreciation has been provided on the company's freehold property on the basis that the members consider the residual value to be at least equal to cost.

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	26,674	27,642

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	2,034	5,541
Amounts owed to participating interests	14,883	11,891
Other creditors	769	760
Taxation and social security	562	580

	18,248	18,772

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	60,000	62,326

8. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured.

The bank loans are secured by a first priority legal charge over the freehold property. They are also guaranteed by the members of the LLP.

	2025		2024
	£		£
Bank loans and overdrafts	62,034		67,866

9. Related Party Transactions

During the year rent of £10,000 (2024: £10,000) was received from Optimum Financial Advisors Ltd, a company in which P. Sharman and C. Ellis are directors and shareholders.

During the year Optimum Wealth Management LLP repaid £nil of the loan from Optimum Financial Advisors Ltd and received a further loan advance of £2,990 leaving a balance outstanding at the year end of £14,882. This is disclosed within other creditors. The loan is repayable on demand.

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