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REGISTERED NUMBER: 05020726 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Orangetree Developments Limited

Orangetree Developments Limited (Registered number: 05020726)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Orangetree Developments Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D I Scott
Mrs A Scott





REGISTERED OFFICE: 4th Floor
167 Fleet Street
London
EC4A 2EA





REGISTERED NUMBER: 05020726 (England and Wales)





ACCOUNTANTS: Elliotts Shah
Chartered Accountants
4th Floor
167 Fleet Street
London
EC4A 2EA

Orangetree Developments Limited (Registered number: 05020726)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,767 5,353
Investment property 5 455,000 420,000
459,767 425,353

CURRENT ASSETS
Debtors 6 565,946 564,928
Cash at bank 8,581 23,796
574,527 588,724
CREDITORS
Amounts falling due within one year 7 481,703 510,435
NET CURRENT ASSETS 92,824 78,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

552,591

503,642

PROVISIONS FOR LIABILITIES 8 900 1,000
NET ASSETS 551,691 502,642

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 10 551,687 502,638
SHAREHOLDERS' FUNDS 551,691 502,642

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.

Orangetree Developments Limited (Registered number: 05020726)

Statement of Financial Position - 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 7 November 2023 and were signed on its behalf by:





D I Scott - Director


Orangetree Developments Limited (Registered number: 05020726)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

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

Going concern
These financial statements have been prepared on the going concern basis and assume the continued support of one of the directors who has confirmed that he will continue to give the required support.

Turnover
Turnover represents rental income from investment properties, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 4 years

Investment property
Investment property is included at fair value as determined by the directors. Revaluation surpluses or deficits are recognised in the income statement. Deferred tax is provided on those gains at the rate expected to apply when the property is sold.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2022 - 2 ) .

Orangetree Developments Limited (Registered number: 05020726)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 7,138
Additions 151
At 31 March 2023 7,289
DEPRECIATION
At 1 April 2022 1,785
Charge for year 737
At 31 March 2023 2,522
NET BOOK VALUE
At 31 March 2023 4,767
At 31 March 2022 5,353

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 420,000
Revaluations 35,000
At 31 March 2023 455,000
NET BOOK VALUE
At 31 March 2023 455,000
At 31 March 2022 420,000

The investment properties have been stated at fair value as determined by the directors. The historical cost of the investment properties is £543,269 (2022: £543,269).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 402 402
Other debtors 2,103 1,453
Prepayments and accrued income 563,441 563,073
565,946 564,928

Orangetree Developments Limited (Registered number: 05020726)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 175 131
Corporation tax 5,404 4,622
VAT 1,217 2,431
Directors' current accounts 473,107 501,452
Accruals and deferred income 1,800 1,799
481,703 510,435

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 900 1,000

Deferred
tax
£   
Balance at 1 April 2022 1,000
Credit to Income Statement during year (100 )
Balance at 31 March 2023 900

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary £1 4 4

10. RESERVES
Retained
earnings
£   

At 1 April 2022 502,638
Profit for the year 57,049
Dividends (8,000 )
At 31 March 2023 551,687

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2022 - £3,500) were paid to the directors .

The director's current account of £473,107 (2022: £501,452) is owed entirely to D I Scott and is interest free and repayable on demand, subject to the financial support required by the company.