Company Registration No. 10238767 (England and Wales)
Orden Kelly Ltd
Unaudited accounts
for the period from 1 July 2022 to 31 March 2023
Orden Kelly Ltd
Unaudited accounts
Contents
Orden Kelly Ltd
Company Information
for the period from 1 July 2022 to 31 March 2023
Directors
Mrs M De La orden
Mr D Kelly
Company Number
10238767 (England and Wales)
Registered Office
48 Tuffnells Way
Harpenden
Hertfordshire
AL5 3HG
Accountants
Bell Howley Perrotton LLP
53 Davies Street
Mayfair
London
W1K 5JH
Orden Kelly Ltd
Statement of financial position
as at 31 March 2023
Investment property
2,850,000
3,337,517
Cash at bank and in hand
28,779
128,886
Creditors: amounts falling due within one year
(1,137,029)
(1,176,228)
Net current liabilities
(1,036,854)
(1,016,670)
Total assets less current liabilities
1,813,146
2,320,847
Creditors: amounts falling due after more than one year
(1,886,037)
(2,043,005)
Provisions for liabilities
Net (liabilities)/assets
(72,891)
247,046
Called up share capital
1,000
1,000
Fair value reserve
(45,108)
442,408
Profit and loss account
(28,783)
(196,362)
Shareholders' funds
(72,891)
247,046
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by
Mr D Kelly
Director
Company Registration No. 10238767
Orden Kelly Ltd
Notes to the Accounts
for the period from 1 July 2022 to 31 March 2023
Orden Kelly Ltd is a private company, limited by shares, registered in England and Wales, registration number 10238767. The registered office is 48 Tuffnells Way, Harpenden, Hertfordshire, AL5 3HG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures & fittings
25 % straight line basis
Investment property is included at market fair value. Gains/losses are recognised in the income statement. Deferred taxation is provided on these gains/losses at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Orden Kelly Ltd
Notes to the Accounts
for the period from 1 July 2022 to 31 March 2023
4
Tangible fixed assets
Total
5
Deferred taxation
2023
2022
Accelerated capital allowances
(60,814)
30,796
Provision at start of period
30,796
-
(Credited)/charged to the profit and loss account
(91,610)
30,796
Provision at end of period
(60,814)
30,796
6
Transactions with related parties
Transactions with Directors.
At the balance sheet date the company owed the directors £1,026,372, (2021, £1,032,103).
7
Average number of employees
During the period the average number of employees was 2 (2022: 2).