0 false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 11,490 6,890 1,208 8,098 3,392 4,600 1,040 1,040 1,040 xbrli:pure xbrli:shares iso4217:GBP 1331769 2022-01-01 2022-12-31 1331769 2022-12-31 1331769 2021-12-31 1331769 2021-01-01 2021-12-31 1331769 2021-12-31 1331769 bus:Director1 2022-01-01 2022-12-31 1331769 core:WithinOneYear 2022-12-31 1331769 core:WithinOneYear 2021-12-31 1331769 core:AfterOneYear 2022-12-31 1331769 core:AfterOneYear 2021-12-31 1331769 core:ShareCapital 2022-12-31 1331769 core:ShareCapital 2021-12-31 1331769 core:RetainedEarningsAccumulatedLosses 2022-12-31 1331769 core:RetainedEarningsAccumulatedLosses 2021-12-31 1331769 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 1331769 core:Non-currentFinancialInstruments 2022-12-31 1331769 core:Non-currentFinancialInstruments 2021-12-31 1331769 bus:SmallEntities 2022-01-01 2022-12-31 1331769 bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 1331769 bus:FullAccounts 2022-01-01 2022-12-31 1331769 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 1331769 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 1331769 core:OfficeEquipment 2022-12-31 1331769 core:OfficeEquipment 2021-12-31 1331769 core:OfficeEquipment 2022-01-01 2022-12-31
COMPANY REGISTRATION NUMBER: 1331769

ORBITON INVESTMENTS LIMITED

Filleted Unaudited Financial Statements

31 December 2022

ORBITON INVESTMENTS LIMITED

Statement of Financial Position

31 December 2022

| 2022 | 2021
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 3,392 | 4,600
Investments | 6 |  | 1,040 | 1,040
|  | ------- | -------
|  | 4,432 | 5,640

Current assets

Debtors | 7 | 504,693 |  | 464,276
Cash at bank and in hand | 44,445 |  | 45,736
| --------- |  | ---------
| 549,138 |  | 510,012

Creditors: amounts falling due within one year | 8 | 419,952 |  | 391,263
| --------- |  | ---------
Net current assets |  | 129,186 | 118,749
|  | --------- | ---------
Total assets less current liabilities |  | 133,618 | 124,389

Creditors: amounts falling due after more than one year | 9 |  | 1,572 | 2,396
|  | --------- | ---------
Net assets |  | 132,046 | 121,993
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 50,000 | 50,000
Profit and loss account |  | 82,046 | 71,993
|  | --------- | ---------
Shareholders funds |  | 132,046 | 121,993
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ORBITON INVESTMENTS LIMITED

Statement of Financial Position (continued)

31 December 2022
These financial statements were approved by the board of directors and authorised for issue on 16 June 2023 , and are signed on behalf of the board by:

Mr O B Tamary
Director

Company registration number: 1331769

ORBITON INVESTMENTS LIMITED

Notes to the Financial Statements

Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Rees Drive, Stanmore, Middlesex, HA7 4YN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fixtures Fittings and Equipment Depreciation Rate 15% Straight Line Basis.
Investments
Investments held as fixed assets are stated at cost less provision for permanent diminution in value. Those held as current asset investments are stated at the lower of cost and net realisable value. Dividends are brought to account in the profit and loss account when received.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2021: 4 ).
5. Tangible assets

| Equipment | Total
| £ | £
Cost |  |
At 1 January 2022 and 31 December 2022 | 11,490 | 11,490
| -------- | --------
Depreciation |  |
At 1 January 2022 | 6,890 | 6,890
Charge for the year | 1,208 | 1,208
| -------- | --------
At 31 December 2022 | 8,098 | 8,098
| -------- | --------
Carrying amount |  |
At 31 December 2022 | 3,392 | 3,392
| -------- | --------
At 31 December 2021 | 4,600 | 4,600
| -------- | --------

6. Investments

| Other investments other than loans
| £
Cost |
At 1 January 2022 and 31 December 2022 | 1,040
| -------
Impairment |
At 1 January 2022 and 31 December 2022 | –
| -------

Carrying amount |
At 31 December 2022 | 1,040
| -------
At 31 December 2021 | 1,040
| -------

7. Debtors

| 2022 | 2021
| £ | £
Trade debtors | 91,679 | 92,988
Other debtors | 413,014 | 371,288
| --------- | ---------
| 504,693 | 464,276
| --------- | ---------

8. Creditors: amounts falling due within one year

| 2022 | 2021
| £ | £
Bank loans and overdrafts | 5,136 | –
Trade creditors | 35,676 | 29,110
Social security and other taxes | 30,329 | 16,672
Other creditors | 348,811 | 345,481
| --------- | ---------
| 419,952 | 391,263
| --------- | ---------

9. Creditors: amounts falling due after more than one year

| 2022 | 2021
| £ | £
Corporation tax | 1,572 | 2,396
| ------- | -------

10. Controlling party
The ultimate parent company at the year end was Palm Tree Properties Limited, a company incorporated in England and Wales. The ultimate controlling party at the year end was Mr O Tamary.