Company Registration No. 07366905 (England and Wales)
RED ORCHARD INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
PAGES FOR FILING WITH REGISTRAR
RED ORCHARD INVESTMENTS LIMITED
COMPANY INFORMATION
Directors
Mr I M R Elmagdoub
Mr A M Elmagdoub
Company number
07366905
Registered office
Crab Apple Way
Vale Business Park
Evesham
Worcestershire
WR11 1GP
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
RED ORCHARD INVESTMENTS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
RED ORCHARD INVESTMENTS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF RED ORCHARD INVESTMENTS LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2021
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Red Orchard Investments Limited for the year ended 30 September 2021 which comprise, the 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Red Orchard Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Red Orchard Investments Limited and state those matters that we have agreed to state to the Board of Directors of Red Orchard Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Red Orchard Investments Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Red Orchard Investments Limited 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 loss of Red Orchard Investments Limited. You consider that Red Orchard Investments Limited 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 Red Orchard Investments Limited. 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.
Ormerod Rutter Limited
5 September 2022
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
RED ORCHARD INVESTMENTS LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2021
30 September 2021
- 2 -
2021
2020
Notes
£
£
£
£
Fixed assets
Investment properties
3
257,500
Current assets
Cash at bank and in hand
4
4
Creditors: amounts falling due within one year
4
(257,568)
Net current (liabilities)/assets
(257,564)
4
Total assets less current liabilities
(64)
4
Capital and reserves
Called up share capital
5
4
4
Profit and loss reserves
(68)
Total equity
(64)
4
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 5 September 2022 and are signed on its behalf by:
Mr A M Elmagdoub
Director
Company Registration No. 07366905
RED ORCHARD INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
- 3 -
1
Accounting policies
Company information
Red Orchard Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Crab Apple Way, Vale Business Park, Evesham, Worcestershire, WR11 1GP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard 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 have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.
1.3
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2020 - 0).
3
Investment property
2021
£
Fair value
At 1 October 2020
Additions
257,500
At 30 September 2021
257,500
The director has assessed the market value of the property and considers that there has been no significant change in the market value at the year end.
4
Creditors: amounts falling due within one year
2021
2020
£
£
Other creditors
257,568
RED ORCHARD INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
- 4 -
5
Called up share capital
2021
2020
£
£
Ordinary share capital
Issued and fully paid
4 Ordinary of £1 each
4
4
4
4
6
Ultimate controlling party
There is no ultimate controlling party.