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Company No: 10295555 (England and Wales)

# OPTIMAL SPINE & SPORTDIMENSIONS CHISWICK LIMITED

### Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

OPTIMAL SPINE & SPORTDIMENSIONS CHISWICK LIMITED

## Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

OPTIMAL SPINE & SPORTDIMENSIONS CHISWICK LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 July 2024
OPTIMAL SPINE & SPORTDIMENSIONS CHISWICK LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 69,684 |  | 75,923
Investments | 4 | 316,669 |  | 316,669
|  | 386,353 |  | 392,592
Current assets |  |  |  |
Debtors | 5 | 96,346 |  | 96,346
Cash at bank and in hand |  | 23,117 |  | 23,622
|  | 119,463 |  | 119,968
Creditors: amounts falling due within one year | 6 | ( 381,741) |  | ( 290,306)
Net current liabilities |  | (262,278) |  | (170,338)
Total assets less current liabilities |  | 124,075 |  | 222,254
Creditors: amounts falling due after more than one year | 7 | ( 66,414) |  | ( 127,096)
Provision for liabilities |  | 0 |  | ( 8,567)
Net assets |  | 57,661 |  | 86,591
Capital and reserves |  |  |  |
Called-up share capital | 8 | 1,000 |  | 1,000
Profit and loss account |  | 56,661 |  | 85,591
Total shareholder's funds |  | 57,661 |  | 86,591

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Optimal Spine & Sportdimensions Chiswick Limited (registered number: 10295555) were approved and authorised for issue by the Board of Directors on 09 February 2026. They were signed on its behalf by:

Mrs A Petersen Director |

OPTIMAL SPINE & SPORTDIMENSIONS CHISWICK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
OPTIMAL SPINE & SPORTDIMENSIONS CHISWICK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Optimal Spine & Sportdimensions Chiswick Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2g Devonshire Rd, Chiswick, London, W4 2HD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current liabilities of £262,278. The Company is supported through loans from the bank and group companies. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the bank and the group will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements | 5 years straight line
Fixtures and fittings | 5 years straight line
Office equipment | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

##### Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Valuation of Investments

Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 5 |  | 5

#### 3. Tangible assets

| Leasehold improve- ments |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 August 2023 | 2,520 |  | 12,410 |  | 189,614 |  | 204,544
Additions | 0 |  | 0 |  | 25,787 |  | 25,787
At 31 July 2024 | 2,520 |  | 12,410 |  | 215,401 |  | 230,331
Accumulated depreciation |  |  |  |  |  |  |
At 01 August 2023 | 1,638 |  | 7,003 |  | 119,980 |  | 128,621
Charge for the financial year | 504 |  | 2,414 |  | 29,108 |  | 32,026
At 31 July 2024 | 2,142 |  | 9,417 |  | 149,088 |  | 160,647
Net book value |  |  |  |  |  |  |
At 31 July 2024 | 378 |  | 2,993 |  | 66,313 |  | 69,684
At 31 July 2023 | 882 |  | 5,407 |  | 69,634 |  | 75,923

#### 4. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 August 2023 | 316,669 |  | 316,669
At 31 July 2024 | 316,669 |  | 316,669
Carrying value at 31 July 2024 | 316,669 |  | 316,669
Carrying value at 31 July 2023 | 316,669 |  | 316,669

#### 5. Debtors

| 2024 |  | 2023
| £ |  | £
Amounts owed by Group undertakings | 1,000 |  | 1,000
Amounts owed by associates | 84,374 |  | 84,374
Other debtors | 10,972 |  | 10,972
| 96,346 |  | 96,346

#### 6. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Bank loans | 60,682 |  | 60,059
Trade creditors | 65,922 |  | 7,432
Amounts owed to Group undertakings | 93,856 |  | 77,535
Accruals and deferred income | 148,162 |  | 139,931
Taxation and social security | 12,285 |  | 4,663
Other creditors | 834 |  | 686
| 381,741 |  | 290,306

#### 7. Creditors: amounts falling due after more than one year

| 2024 |  | 2023
| £ |  | £
Bank loans | 66,414 |  | 127,096

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 2024 |  | 2023
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,000 Ordinary shares of £ 1.00 each | 1,000 |  | 1,000

#### 9. Financial commitments

Commitments

Capital commitments are as follows:

| 2024 |  | 2023
| £ |  | £
Contracted for but not provided for: |  |  |
Tangible fixed assets | 631,284 |  | 667,969

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2024 |  | 2023
| £ |  | £
within one year | 35,625 |  | 35,625
between one and five years | 142,500 |  | 142,500
after five years | 453,159 |  | 489,844
Total future minimum lease payments under non-cancellable operating leases | 631,284 |  | 667,969

#### 10. Related party transactions

At the end of the period, the company owed the directors £Nil (2023: The company owed the directors £Nil).