1 November 2021 false No description of principal activity Taxfiler 2023.9.1 SC611787business:PrivateLimitedCompanyLtd2021-11-012023-03-31 SC6117872021-10-31 SC6117872021-11-012023-03-31 SC611787business:AuditExempt-NoAccountantsReport2021-11-012023-03-31 SC611787business:FilletedAccounts2021-11-012023-03-31 SC6117872023-03-31 SC611787business:Director12021-11-012023-03-31 SC611787business:RegisteredOffice2021-11-012023-03-31 SC6117872021-10-31 SC611787core:WithinOneYear2023-03-31 SC611787core:WithinOneYear2021-10-31 SC611787core:AfterOneYear2023-03-31 SC611787core:AfterOneYear2021-10-31 SC611787core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC611787core:ShareCapitalcore:PreviouslyStatedAmount2021-10-31 SC611787core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC611787core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-10-31 SC611787core:PreviouslyStatedAmount2023-03-31 SC611787core:PreviouslyStatedAmount2021-10-31 SC611787business:SmallEntities2021-11-012023-03-31 SC611787countries:Scotland2021-11-012023-03-31 SC611787core:LandBuildings2021-11-012023-03-31 SC611787core:PlantMachinery2021-11-012023-03-31 SC611787core:LandBuildings2021-10-31 SC611787core:PlantMachinery2021-10-31 SC611787core:LandBuildings2023-03-31 SC611787core:PlantMachinery2023-03-31 SC6117872020-11-012021-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC611787 (Scotland)
ORION VENTURES LIMITED Unaudited accounts for the period from 1 November 2021 to 31 March 2023
ORION VENTURES LIMITED Unaudited accounts Contents
Page
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ORION VENTURES LIMITED Company Information for the period from 1 November 2021 to 31 March 2023
Director
Yatin Phalke
Company Number
SC611787 (Scotland)
Registered Office
23 DRUM BRAE TERRACE EDINBURGH EH4 7SF UNITED KINGDOM
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ORION VENTURES LIMITED Statement of financial position as at 31 March 2023
2023 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
793,881 
558,676 
Investments
7,215 
7,215 
801,096 
565,891 
Current assets
Cash at bank and in hand
12,265 
15,244 
Creditors: amounts falling due within one year
(452,842)
(300,060)
Net current liabilities
(440,577)
(284,816)
Total assets less current liabilities
360,519 
281,075 
Creditors: amounts falling due after more than one year
(502,292)
(337,292)
Net liabilities
(141,773)
(56,217)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(141,873)
(56,317)
Shareholders' funds
(141,773)
(56,217)
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 17 October 2023 and were signed on its behalf by
Yatin Phalke Director Company Registration No. SC611787
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ORION VENTURES LIMITED Notes to the Accounts for the period from 1 November 2021 to 31 March 2023
1
Statutory information
ORION VENTURES LIMITED is a private company, limited by shares, registered in Scotland, registration number SC611787. The registered office is 23 DRUM BRAE TERRACE, EDINBURGH, EH4 7SF, UNITED KINGDOM.
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:
Land & buildings
Not depreciated
Plant & machinery
20% Straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2021
549,084 
18,975 
568,059 
Additions
239,000 
- 
239,000 
At 31 March 2023
788,084 
18,975 
807,059 
Depreciation
At 1 November 2021
- 
9,383 
9,383 
Charge for the period
- 
3,795 
3,795 
At 31 March 2023
- 
13,178 
13,178 
Net book value
At 31 March 2023
788,084 
5,797 
793,881 
At 31 October 2021
549,084 
9,592 
558,676 
5
Investments
Other investments 
£ 
Valuation at 1 November 2021
7,215 
Valuation at 31 March 2023
7,215 
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ORION VENTURES LIMITED Notes to the Accounts for the period from 1 November 2021 to 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2021 
£ 
£ 
Amounts owed to group undertakings and other participating interests
25,000 
- 
Other creditors
427,842 
300,060 
452,842 
300,060 
7
Creditors: amounts falling due after more than one year
2023 
2021 
£ 
£ 
Bank loans
502,292 
337,292 
8
Average number of employees
During the period the average number of employees was 1 (2021: 1).
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