Orion Developments UK Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03923337 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Orion Developments UK Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTOR:

CJ Sankey

SECRETARY:

P A Sankey

REGISTERED OFFICE:

c/o Charnwood Accountants

The Point, Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

REGISTERED NUMBER:

03923337 (England and Wales)

ACCOUNTANTS:

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Tangible assets

4

31,202

21,787

Investments

5

100

100

Investment property

6

1,357,731

1,782,731

1,389,033

1,804,618

CURRENT ASSETS

Debtors

7

1,530,309

910,582

Cash at bank and in hand

641,417

763,137

2,171,726

1,673,719

CREDITORS

Amounts falling due within one year

8

33,462

34,246

NET CURRENT ASSETS

2,138,264

1,639,473

TOTAL ASSETS LESS CURRENT LIABILITIES

3,527,297

3,444,091

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

10

3,526,297

3,443,091

SHAREHOLDERS' FUNDS

3,527,297

3,444,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 12 December 2018 and were signed by:

CJ Sankey - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Investment property

The company's investment properties are included at open market value.

Under the terms os SSAP 19 the company is excluded from providing for depreciation in respect of investment

properties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2017

3,450

70,763

-

74,213

Additions

-

-

15,888

15,888

At 31 March 2018

3,450

70,763

15,888

90,101

DEPRECIATION

At 1 April 2017

3,450

48,976

-

52,426

Charge for year

-

4,355

2,118

6,473

At 31 March 2018

3,450

53,331

2,118

58,899

NET BOOK VALUE

At 31 March 2018

-

17,432

13,770

31,202

At 31 March 2017

-

21,787

-

21,787

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2017

and 31 March 2018

100

NET BOOK VALUE

At 31 March 2018

100

At 31 March 2017

100

The company holds more than 50% of the share capital of the following companies:

Company Country of registration Shares held %

or incorporation Class

Inspired Homes (Midlands) Limited England and Wales Ordinary 'A' 100

The principal activity of Inspired Homes (Midlands) Limited was that of building and development.

Directors are of the opinion that the investment in group undertakings is not materially different from its carrying

value.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

1,782,731

Disposals

(425,000

)

At 31 March 2018

1,357,731

NET BOOK VALUE

At 31 March 2018

1,357,731

At 31 March 2017

1,782,731

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

16,922

19,559

Amounts owed by group undertakings

1,511,089

835,873

Other debtors

2,298

55,150

1,530,309

910,582

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

1,766

819

Taxation and social security

14,224

8,967

Other creditors

17,472

24,460

33,462

34,246

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

997

Ordinary A

£1

997

997

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

1,000

1,000

10.

RESERVES

Retained

earnings

£

At 1 April 2017

3,443,091

Profit for the year

104,706

Dividends

(21,500

)

At 31 March 2018

3,526,297

11.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Orion Developments UK Ltd for the year ended 31 March 2018 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you have

given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Orion Developments UK Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Orion Developments UK Ltd and state those matters that we have agreed to state to the director of Orion Developments UK Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Orion Developments UK Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Orion Developments UK Ltd. You consider that Orion Developments UK Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Orion Developments UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

12 December 2018