REGISTERED NUMBER: 14880552 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

Optimum News Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D G Connor

REGISTERED OFFICE:

21 Hatton Garden

Liverpool

Liverpool

Merseyside

L3 2FE

REGISTERED NUMBER:

14880552 (England and Wales)

AUDITORS:

Douglas Fairless Partnership

Chartered Certified Accountants

and Statutory Auditors

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

FIXED ASSETS

Intangible assets

4

120,000

156,000

Tangible assets

5

52,800

7,083

172,800

163,083

CURRENT ASSETS

Stocks

6

8,364

16,814

Debtors

7

29,041

9,117

Cash at bank and in hand

41,598

87,087

79,003

113,018

CREDITORS

Amounts falling due within one year

8

322,670

268,853

NET CURRENT LIABILITIES

(243,667

)

(155,835

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(70,867

)

7,248

PROVISIONS FOR LIABILITIES

13,200

1,346

NET (LIABILITIES)/ASSETS

(84,067

)

5,902

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(84,167

)

5,802

(84,067

)

5,902

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2026 and were signed by:

M J Edgar - Director

1.	STATUTORY INFORMATION

Optimum News Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

The turnover in the profit & loss account represents revenue recognised on goods sold on a cash or credit basis exclusive of value added tax. Revenue is recognised based on transactions the the till system of the Go Local store.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Tangible assets are initially measured at cost. After initial recognition, tangible assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

180,000

AMORTISATION

At 1 September 2024

24,000

Amortisation for year

36,000

At 31 August 2025

60,000

NET BOOK VALUE

At 31 August 2025

120,000

At 31 August 2024

156,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2024

8,333

Additions

55,035

At 31 August 2025

63,368

DEPRECIATION

At 1 September 2024

1,250

Charge for year

9,318

At 31 August 2025

10,568

NET BOOK VALUE

At 31 August 2025

52,800

At 31 August 2024

7,083

6.

STOCKS

31.8.25

31.8.24

£

£

Stocks

-

16,814

Finished goods

8,364

-

8,364

16,814

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

8,737

2,027

Other debtors

20,304

7,090

29,041

9,117

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

61,149

10,346

Amounts owed to group undertakings

242,244

242,244

Taxation and social security

8,337

8,022

Other creditors

10,940

8,241

322,670

268,853

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

MR Gregory Newton FCCA (Senior Statutory Auditor)

for and on behalf of Douglas Fairless Partnership

10.	ULTIMATE PARENT COMPANY

The ultimate parent company is Optimum Group Holdings Ltd, a company incorporated in England & Wales.

The registered office of the parent is as follows:

21 Hatton Garden

Liverpool

L3 2FE