1 July 2022 false No description of principal activity Taxfiler 2023.9 10238767business:PrivateLimitedCompanyLtd2022-07-012023-03-31 102387672022-06-30 102387672022-07-012023-03-31 10238767business:AuditExemptWithAccountantsReport2022-07-012023-03-31 10238767business:AbridgedAccounts2022-07-012023-03-31 102387672023-03-31 10238767business:Director12022-07-012023-03-31 10238767business:Director22022-07-012023-03-31 10238767business:RegisteredOffice2022-07-012023-03-31 102387672022-06-30 10238767core:WithinOneYear2023-03-31 10238767core:WithinOneYear2022-06-30 10238767core:AfterOneYear2023-03-31 10238767core:AfterOneYear2022-06-30 10238767core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10238767core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 10238767core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2023-03-31 10238767core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2022-06-30 10238767core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10238767core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 10238767core:PreviouslyStatedAmount2023-03-31 10238767core:PreviouslyStatedAmount2022-06-30 10238767business:SmallEntities2022-07-012023-03-31 10238767countries:EnglandWales2022-07-012023-03-31 10238767core:FurnitureFittings2022-07-012023-03-31 10238767core:AcceleratedTaxDepreciationDeferredTax2023-03-31 10238767core:AcceleratedTaxDepreciationDeferredTax2022-06-30 102387672020-12-03 102387672020-12-042022-06-30 iso4217:GBP xbrli:pure
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
Page
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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
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Orden Kelly Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
2,850,000 
3,337,517 
Current assets
Debtors
71,396 
30,672 
Cash at bank and in hand
28,779 
128,886 
100,175 
159,558 
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
Deferred tax
- 
(30,796)
Net (liabilities)/assets
(72,891)
247,046 
Capital and reserves
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
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Orden Kelly Ltd Notes to the Accounts for the period from 1 July 2022 to 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 taxation
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.
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Orden Kelly Ltd Notes to the Accounts for the period from 1 July 2022 to 31 March 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2022
93,597 
At 31 March 2023
93,597 
Depreciation
At 1 July 2022
93,597 
At 31 March 2023
93,597 
Net book value
At 31 March 2023
- 
5
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
(60,814)
30,796 
2023 
2022 
£ 
£ 
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).
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