Orchard Court (Portman Square) Limited - Accounts to registrar (filleted) - small 18.2
Orchard Court (Portman Square) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 24 June 2020 |
| for |
| Orchard Court (Portman Square) Limited |
| Orchard Court (Portman Square) Limited (Registered number: 01781246) |
| Contents of the Financial Statements |
| for the Year Ended 24 June 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Orchard Court (Portman Square) Limited |
| Company Information |
| for the Year Ended 24 June 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 5 Technology Park |
| Colindeep Lane |
| Colindale |
| London |
| NW9 6BX |
| Orchard Court (Portman Square) Limited (Registered number: 01781246) |
| Balance Sheet |
| 24 June 2020 |
| 2020 | 2019 |
| as restated |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Orchard Court (Portman Square) Limited (Registered number: 01781246) |
| Balance Sheet - continued |
| 24 June 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Orchard Court (Portman Square) Limited (Registered number: 01781246) |
| Notes to the Financial Statements |
| for the Year Ended 24 June 2020 |
| 1. | STATUTORY INFORMATION |
| Orchard Court (Portman Square) Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Garages | - |
| Storage units | - |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties. |
| Short term debtors and creditors are recorded at their transaction price with any losses arising from impairment recognised in the income and expenditure account. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Orchard Court (Portman Square) Limited (Registered number: 01781246) |
| Notes to the Financial Statements - continued |
| for the Year Ended 24 June 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Storage |
| Garages | units | Totals |
| £ | £ | £ |
| COST |
| At 25 June 2019 |
| and 24 June 2020 |
| DEPRECIATION |
| At 25 June 2019 |
| Charge for year |
| At 24 June 2020 |
| NET BOOK VALUE |
| At 24 June 2020 |
| At 24 June 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| as restated |
| £ | £ |
| Rent and other recharges owed | 1,232 | 6,758 |
| Other debtors |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| as restated |
| £ | £ |
| Corporation tax |
| Other creditors |
| Amounts owed to service charges | 628,517 | 644,763 |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| as restated |
| £ | £ |
| Tenant's deposits |