Orchards House Limited - Accounts to registrar (filleted) - small 23.1.2
Orchards House Limited - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 OCTOBER 2021 TO 7 NOVEMBER 2022 |
| FOR |
| ORCHARDS HOUSE LIMITED |
| ORCHARDS HOUSE LIMITED (REGISTERED NUMBER: 05210308) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Period 1 October 2021 to 7 November 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| ORCHARDS HOUSE LIMITED |
| COMPANY INFORMATION |
| for the Period 1 October 2021 to 7 November 2022 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Unit 8 Oak Spinney Park |
| Ratby Lane |
| Leicester Forest East |
| Leicester |
| LE3 3AW |
| ORCHARDS HOUSE LIMITED (REGISTERED NUMBER: 05210308) |
| BALANCE SHEET |
| 7 November 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| 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 |
| ORCHARDS HOUSE LIMITED (REGISTERED NUMBER: 05210308) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Period 1 October 2021 to 7 November 2022 |
| 1. | STATUTORY INFORMATION |
| Orchards House Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below. |
| Depreciation is provided on the following basis: |
| Motor vehicles | - | 25% Reducing balance |
| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. |
| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. |
| Investments in subsidiaries |
| Investment in the subsidiary company is held at cost less accumulated impairment losses. |
| Pension costs and other post-retirement benefits |
| The company contributes to a defined contribution pension plan for the benefit of its employees. Contributions are recognised in profit or loss as they become payable. |
| Debtors |
| Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. |
| Creditors |
| Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. |
| Cash and cash equivalents |
| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
| ORCHARDS HOUSE LIMITED (REGISTERED NUMBER: 05210308) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Period 1 October 2021 to 7 November 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. |
| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Motor |
| vehicles |
| £ |
| COST |
| Additions |
| Disposals | ( |
) |
| At 7 November 2022 |
| DEPRECIATION |
| Charge for period |
| Eliminated on disposal | ( |
) |
| At 7 November 2022 |
| NET BOOK VALUE |
| At 7 November 2022 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 October 2021 |
| and 7 November 2022 |
| NET BOOK VALUE |
| At 7 November 2022 |
| At 30 September 2021 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| Directors' current accounts | 172,727 | - |
| Deferred tax asset |
| ORCHARDS HOUSE LIMITED (REGISTERED NUMBER: 05210308) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Period 1 October 2021 to 7 November 2022 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Tax | ( |
) |
| Other creditors |
| Accruals and deferred income |
| ( |
) |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Other bank loan - 2-5 years | - | 136,122 |
| 9. | RELATED PARTY DISCLOSURES |
| 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. |