Orange Tree Group Limited - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 13542599 (England and Wales)

ORANGE TREE GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

2 AUGUST 2021 TO 30 NOVEMBER 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Stafler

G Indig

SECRETARY:

C Woodford

REGISTERED OFFICE:

10a Chandos Street

London

W1G 9DQ

REGISTERED NUMBER:

13542599 (England and Wales)

FIXED ASSETS

Investments

4

20

CURRENT ASSETS

Debtors: amounts falling due within one year

5

23

Debtors: amounts falling due after more than one year

5

1,628,837

Cash at bank

403,753

2,032,613

CREDITORS

Amounts falling due within one year

6

(1,400

)

NET CURRENT ASSETS

2,031,213

TOTAL ASSETS LESS CURRENT LIABILITIES

2,031,233

CREDITORS

Amounts falling due after more than one year

7

(2,032,587

)

NET LIABILITIES

(1,354

)

CAPITAL AND RESERVES

Called up share capital

26

Retained earnings

(1,380

)

(1,354

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 10 August 2023 and were signed on its behalf by:

R Stafler - Director

1.	STATUTORY INFORMATION

Orange Tree Group 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.

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern

At the balance sheet date the company has net liabilities and is dependent upon the support of its directors and their associated other businesses to continue trading. The directors have indicated that this support will continue for a period of at least 12 months from the date of signing these financial statements, and as such the going concern basis has been used.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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 period 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.

Financial assets

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

20

At 30 November 2022

20

NET BOOK VALUE

At 30 November 2022

20

5.

DEBTORS

£

Amounts falling due within one year:

Other debtors

23

Amounts falling due after more than one year:

Other debtors

1,628,837

Aggregate amounts

1,628,860

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

20

Other creditors

1,380

1,400

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

2,032,587

8.	FINANCIAL INSTRUMENTS

Non-current debtor balances have not been discounted.

9.	RELATED PARTY DISCLOSURES

Hickton Holdings Limited (Gibraltar)

A company in which a director has significant influence or control.

During the period Orange Tree Group Limited was loaned £733,750 from Hickton Holdings Limited (Gibraltar). The loan is unsecured, and is a non-current liability.

GIA Limited (Guernsey)

A company in which a director has significant influence or control.

During the period Orange Tree Group Limited was loaned £1,298,837 from GIA Limited (Guernsey). The loan is unsecured, and is a non-current liability.