Company Registration No. 10906532 (England and Wales)
Option Finance Ltd
Unaudited accounts
for the year ended 31 August 2025
Option Finance Ltd
Unaudited accounts
Contents
Option Finance Ltd
Company Information
for the year ended 31 August 2025
Director
Davinder Singh Thakar
Company Number
10906532 (England and Wales)
Registered Office
Option Finance Ltd
119a Friar Gate
Derby
Derbyshire
DE1 1EX
England
Option Finance Ltd
Statement of financial position
as at 31 August 2025
Cash at bank and in hand
2,272
1,265
Creditors: amounts falling due within one year
(18,200)
(36,706)
Net current assets
31,731
38,031
Total assets less current liabilities
32,130
38,563
Creditors: amounts falling due after more than one year
(2,155)
(5,561)
Called up share capital
2
2
Profit and loss account
29,973
33,000
Shareholders' funds
29,975
33,002
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 August 2026 and were signed on its behalf by
Davinder Singh Thakar
Director
Company Registration No. 10906532
Option Finance Ltd
Notes to the Accounts
for the year ended 31 August 2025
Option Finance Ltd is a private company, limited by shares, registered in England and Wales, registration number 10906532. The registered office is Option Finance Ltd, 119a Friar Gate, Derby, Derbyshire, DE1 1EX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Other debtors
47,659
73,472
Option Finance Ltd
Notes to the Accounts
for the year ended 31 August 2025
6
Creditors: amounts falling due within one year
2025
2024
Other creditors
17,000
12,000
Loans from directors
-
22,225
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).