Orbital London Limited - Period Ending 2022-07-31

Orbital London Limited

Contents of the Financial Statements
for the Year Ended 31 July 2022

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Orbital London Limited

Company Information
for the Year Ended 31 July 2022

Director:

JJ Greene

Registered office:

Savoy House Savoy Circus London W3 7DA

Registered number:

08002316

Accountants:

Wem & Co Chartered Accountants Savoy House Savoy Circus London W3 7DA

Orbital London Limited

(Registration number: 08002316)
Balance Sheet as at 31 July 2022

	Note	31.07.22		31.07.21
		£	£	£	£
FIXED ASSETS
Investments	4		3		2
CURRENT ASSETS
Cash at bank and in hand			1		2
Net assets			4		4
CAPITAL AND RESERVES
Called up share capital			4		4
Shareholders' funds			4		4

For the financial year ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 12 April 2023
 

......................................... JJ Greene Director

Orbital London Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2022

1.	General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 12 April 2023.

2.	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Summary of disclosure exemptions

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.

Group accounts not prepared

The financial statements contain information about Orbital London Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Orbital London Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2022 (continued)

2	Accounting policies (continued)

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3.	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2021 - 0).

4.	Investments

	31.07.22 £	31.07.21 £
Investments in subsidiaries	3	2

Subsidiaries	£
Cost or valuation
At 1 August 2021	2
Additions	1
At 31 July 2022	3
Provision
Carrying amount
At 31 July 2022	3
At 31 July 2021	2

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Orbital London Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 July 2022 (continued)

4	Investments (continued)

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2022	2021
Subsidiary undertakings
Orbital Basements Limited	Rusholt House Willets Lane, Denham, Uxbridge, Middlesex UB9 4HE United Kingdom	Ordinary	100%	100%
Orbital Construction Limited	Savoy House, Savoy Circus, London W3 7DA United Kingdom	Ordinary	100%	100%
Orbital Super Structures Limited	Savoy House, Sayoy Circus, London W3 7DA United Kingdon	Ordinary	100%	0%

Subsidiary undertakings

Orbital Basements Limited

Orbital Construction Limited

Orbital Super Structures Limited