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Company Registration No. 03924970 (England and Wales)
Orchard House Developments Limited Unaudited accounts for the year ended 31 July 2023
Orchard House Developments Limited Unaudited accounts Contents
Page
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Orchard House Developments Limited Company Information for the year ended 31 July 2023
Directors
Mr C W Barnes Mr W Barnes
Secretary
Mr A Barnes
Company Number
03924970 (England and Wales)
Registered Office
321 Main Street Calverton Nottingham Nottinghamshire NG14 6LT United Kingdom
Accountants
Add-itions Accountancy Solutions 321 Main Street Calverton Nottingham Nottinghamshire NG14 6LT
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Orchard House Developments Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
665 
831 
Investment property
1,440,000 
1,555,000 
1,440,665 
1,555,831 
Current assets
Debtors
782 
- 
Cash at bank and in hand
93,503 
78,182 
94,285 
78,182 
Creditors: amounts falling due within one year
(19,296)
(19,030)
Net current assets
74,989 
59,152 
Total assets less current liabilities
1,515,654 
1,614,983 
Provisions for liabilities
Deferred tax
(212,846)
(216,409)
Net assets
1,302,808 
1,398,574 
Capital and reserves
Called up share capital
667 
667 
Capital redemption reserve
333 
333 
Profit and loss account
1,301,808 
1,397,574 
Shareholders' funds
1,302,808 
1,398,574 
For the year ending 31 July 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 year 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 26 October 2023 and were signed on its behalf by
Mr C W Barnes Director Company Registration No. 03924970
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Orchard House Developments Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Orchard House Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 03924970. The registered office is 321 Main Street, Calverton, Nottingham, Nottinghamshire, NG14 6LT, 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 year, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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
20% on reducing balance
Investment property
Investment properties for which fair value can be measured reliably, without undue cost or effort, are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Investment properties are revalued at open market value annually, by either independent professional third party valuers or the director.
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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Orchard House Developments Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2022
19,203 
At 31 July 2023
19,203 
Depreciation
At 1 August 2022
18,372 
Charge for the year
166 
At 31 July 2023
18,538 
Net book value
At 31 July 2023
665 
At 31 July 2022
831 
5
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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