REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 September 2022 |
for |
Orange Genie Admin Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 September 2022 |
for |
Orange Genie Admin Limited |
Orange Genie Admin Limited (Registered number: 05684653) |
Contents of the Financial Statements |
for the Year Ended 30 September 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Orange Genie Admin Limited |
Company Information |
for the Year Ended 30 September 2022 |
Director: |
Registered office: |
Registered number: |
Auditors: |
120 New Cavendish Street, |
London |
W1W 6XX |
Orange Genie Admin Limited (Registered number: 05684653) |
Balance Sheet |
30 September 2022 |
30.9.22 | 30.9.21 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Provisions for liabilities | ( |
) | ( |
) |
Net liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 7 |
Retained earnings | 8 | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Orange Genie Admin Limited (Registered number: 05684653) |
Notes to the Financial Statements |
for the Year Ended 30 September 2022 |
1. | Statutory information |
The Company is a private company limited by shares, incorporated in England and Wales. Its registered office is 3rd Floor, Buckingham House, Buckingham Street, Aylesbury, Bucks, HP20 2LA. |
The company's principal business activity is the provision of administration services to the Orange Genie Group Limited, group of companies. |
2. | Accounting policies |
Basis of preparing the financial statements |
The financial statements are prepared in sterling, which is the functional currency of the entity. |
Turnover |
The turnover shown in the profit and loss account represents amounts invoiced for the provision of administration services during the period, exclusive of Value Added Tax. |
Tangible fixed assets |
Computer systems development | - |
Fixtures and fittings | - |
Cycle to work scheme bikes | - |
Computer equipment | - |
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. |
Leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Orange Genie Admin Limited (Registered number: 05684653) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2022 |
2. | Accounting policies - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Going concern |
The company relies on the financial support provided to it by its fellow subsidiary companies through inter-company loans. The directors have obtained confirmation from the shareholders and fellow group companies that they will continue to provide this ongoing financial support to the company for a period of at least 12 months from the date of approval of these financial statements. After making appropriate enquiries, the directors have formed a judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the financial statements. |
Government grants |
The company accounts for government grants on an accruals basis. During the year ended 30 September 2021, the company recognised grant income receivable from the UK Government's Coronavirus Job Retention Scheme in other operating income. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Cycle to |
Computer | Fixtures | work |
systems | and | scheme | Computer |
development | fittings | bikes | equipment | Totals |
£ | £ | £ | £ | £ |
Cost |
At 1 October 2021 |
Additions |
At 30 September 2022 |
Depreciation |
At 1 October 2021 |
Charge for year |
At 30 September 2022 |
Net book value |
At 30 September 2022 |
At 30 September 2021 |
5. | Debtors: amounts falling due within one year |
30.9.22 | 30.9.21 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
Orange Genie Admin Limited (Registered number: 05684653) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2022 |
5. | Debtors: amounts falling due within one year - continued |
Amounts owed by group undertakings are unsecured, repayable on demand and interest free. |
6. | Creditors: amounts falling due within one year |
30.9.22 | 30.9.21 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
Amounts owed to group undertakings are unsecured, repayable on demand and interest free. |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.22 | 30.9.21 |
value: | £ | £ |
Ordinary £1 shares | 1 | 2 | 2 |
Called-up share capital represents the nominal value of shares that have been issued. |
8. | Reserves |
Retained |
earnings |
£ |
At 1 October 2021 | ( |
) |
Deficit for the year | ( |
) |
At 30 September 2022 | ( |
) |
The retained earnings reserve records retained earnings and accumulated losses. |
9. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | Director's advances, credits and guarantees |
The company was owed the following amount by the directors at the balance sheet date: |
30.09.22 | 30.09.21 |
£ | £ |
P A Bresnihan | 2,366 | - |
Orange Genie Admin Limited (Registered number: 05684653) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2022 |
11. | Related party disclosures |
As the company is a wholly owned subsidiary of Orange Genie Group Limited and the group publishes |
consolidated accounts, it has taken advantage of the exemptions contained in FRS 102 and has therefore not disclosed transactions or balances with entities which form part of the group. |
Copies of the group financial statements of Orange Genie Group Limited can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ. |
Other transactions |
Orange Genie Pay Limited / CJS Engagement 2 Ltd |
During the year the company had the following transactions with Orange Genie Pay Limited and CJS Engagement 2 Ltd, companies under common control. |
30.09.22 | 30.09.21 |
£ | £ |
Balance owed to Orange Genie Pay Limited and CJS Engagement 2 Ltd brought forward | 173,822 | 103,611 |
Services received from Orange Genie Pay Limited and CJS Engagement 2 Ltd | 502,113 | 756,071 |
Services supplied to Orange Genie Pay Limited and CJS Engagement 2 Ltd | (12,286 | ) | (11,418 | ) |
Monies received from Orange Genie Pay Limited and CJS Engagement 2 Ltd | 11,356 | 11,418 |
Monies paid to Orange Genie Pay Limited and CJS Engagement 2 Ltd | (623,867 | ) | (685,860 | ) |
Balance owed to Orange Genie Pay Limited and CJS Engagement 2 Ltd carried forward | 51,138 | 173,822 |
12. | Ultimate parent company |
During the period to 4 May 2021, the directors regard Orange Genie Group Limited, a company incorporated in England as being the ultimate holding company and controlling party. |
During the period to 4 May 2021, the Orange Genie Group Limited was under the control of the directors G. Fisher, C. Graham, R. Baker and J. Ward, by virtue of their 99% shareholding in the company. |
On the 5 May 2021, Ogenie Holdings Limited acquired 100% of the issued share capital in Orange Genie Group Limited. |
Ogenie Holdings Limited is under the control of the director P.A.Bresnihan by virtue of his 100% shareholding in the company. |