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REGISTERED NUMBER: 00983187 (England and Wales)











Financial Statements

for the Year Ended 31 March 2023

for

ORBRIDGE CATERING COMPANY LTD

ORBRIDGE CATERING COMPANY LTD (REGISTERED NUMBER: 00983187)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORBRIDGE CATERING COMPANY LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R Cardinali
Mrs M Cardinali
C Cacchioli





REGISTERED OFFICE: 3 Elder Close
London
N20 8DN





REGISTERED NUMBER: 00983187 (England and Wales)





ACCOUNTANTS: Marchant Lewis Limited
105a Caversham Avenue
London
N13 4LL

ORBRIDGE CATERING COMPANY LTD (REGISTERED NUMBER: 00983187)

Balance Sheet
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 528 589
Investment property 5 1,920,000 1,900,000
1,920,528 1,900,589

CURRENT ASSETS
Debtors 6 3,754 9,171
Cash at bank 253,878 265,136
257,632 274,307
CREDITORS
Amounts falling due within one year 7 39,679 39,096
NET CURRENT ASSETS 217,953 235,211
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,138,481

2,135,800

PROVISIONS FOR LIABILITIES 273,556 273,556
NET ASSETS 1,864,925 1,862,244

CAPITAL AND RESERVES
Called up share capital 12,000 12,000
Non-distributable reserve 8 1,516,358 1,496,358
Retained earnings 336,567 353,886
SHAREHOLDERS' FUNDS 1,864,925 1,862,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ORBRIDGE CATERING COMPANY LTD (REGISTERED NUMBER: 00983187)

Balance Sheet - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2023 and were signed on its behalf by:




C Cacchioli - Director



R Cardinali - Director


ORBRIDGE CATERING COMPANY LTD (REGISTERED NUMBER: 00983187)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Orbridge Catering Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

ORBRIDGE CATERING COMPANY LTD (REGISTERED NUMBER: 00983187)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 47,332 1,244 48,576
DEPRECIATION
At 1 April 2022 46,761 1,226 47,987
Charge for year 57 4 61
At 31 March 2023 46,818 1,230 48,048
NET BOOK VALUE
At 31 March 2023 514 14 528
At 31 March 2022 571 18 589

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,900,000
Revaluations 20,000
At 31 March 2023 1,920,000
NET BOOK VALUE
At 31 March 2023 1,920,000
At 31 March 2022 1,900,000

In October 2022, the property was valued at open market value by Stephen Kane & Company, Chartered Surveyors at £1,920,000. In the opinion of the director, R Cardinali, the value of the property at 31 March 2023 is £1,920,000.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 9,171
Other debtors 3,754 -
3,754 9,171

ORBRIDGE CATERING COMPANY LTD (REGISTERED NUMBER: 00983187)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 2,773 2,712
Taxation and social security 24,100 24,078
Other creditors 12,806 12,306
39,679 39,096

8. RESERVES
Non-distribut
reserve
£   
At 1 April 2022 1,496,358
Adjustment for the year 20,000

At 31 March 2023 1,516,358