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COMPANY REGISTRATION NUMBER: 10000226
Orme Warrior Property Consultants Limited
Filleted Unaudited Financial Statements
28 February 2023
Orme Warrior Property Consultants Limited
Financial Statements
Year ended 28 February 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Orme Warrior Property Consultants Limited
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
£
Current assets
Debtors
5
307,208
156,140
Cash at bank and in hand
98,449
4,097
---------
---------
405,657
160,237
Creditors: amounts falling due within one year
6
404,762
158,531
---------
---------
Net current assets
895
1,706
----
-------
Total assets less current liabilities
895
1,706
----
-------
Net assets
895
1,706
----
-------
Capital and reserves
Called up share capital
4
4
Profit and loss account
891
1,702
----
-------
Shareholders funds
895
1,706
----
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 November 2023 , and are signed on behalf of the board by:
Mr P J Woods Mr O M Wilson
Director Director
Company registration number: 10000226
Orme Warrior Property Consultants Limited
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have considered the basis of the preparation of the accounts and are satisfied that the accounts should be prepared on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Debtors
2023
2022
£
£
Other debtors
307,208
156,140
---------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
481
2,864
Corporation tax
38,594
243
Social security and other taxes
42,258
510
Other creditors
323,429
154,914
---------
---------
404,762
158,531
---------
---------
7. Related party transactions
At year end, the Directors were owed £322,179 (2022: £153,664) by the company.