3 false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 05380317 2022-08-01 2023-07-31 05380317 2023-07-31 05380317 2022-07-31 05380317 2021-08-01 2022-07-31 05380317 2022-07-31 05380317 bus:Director2 2022-08-01 2023-07-31 05380317 core:WithinOneYear 2023-07-31 05380317 core:WithinOneYear 2022-07-31 05380317 core:ShareCapital 2023-07-31 05380317 core:ShareCapital 2022-07-31 05380317 core:RevaluationReserve 2023-07-31 05380317 core:RevaluationReserve 2022-07-31 05380317 core:RetainedEarningsAccumulatedLosses 2023-07-31 05380317 core:RetainedEarningsAccumulatedLosses 2022-07-31 05380317 bus:SmallEntities 2022-08-01 2023-07-31 05380317 bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05380317 bus:AbridgedAccounts 2022-08-01 2023-07-31 05380317 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05380317 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
COMPANY REGISTRATION NUMBER: 05380317
Orionstar Investments Limited
Filleted Unaudited Abridged Financial Statements
31 July 2023
Orionstar Investments Limited
Abridged Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
1,203,280
1,197,280
Current assets
Debtors
98
95
Cash at bank and in hand
24,842
17,657
--------
--------
24,940
17,752
Creditors: amounts falling due within one year
565,343
595,660
---------
---------
Net current liabilities
540,403
577,908
------------
------------
Total assets less current liabilities
662,877
619,372
---------
---------
Net assets
662,877
619,372
---------
---------
Capital and reserves
Called up share capital
100
100
Revaluation reserve
83,630
83,630
Profit and loss account
579,147
535,642
---------
---------
Shareholders funds
662,877
619,372
---------
---------
These abridged 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 31 July 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 abridged 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 abridged financial statements .
All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Orionstar Investments Limited
Abridged Statement of Financial Position (continued)
31 July 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 19 March 2024 , and are signed on behalf of the board by:
Sudesh K Rudki
Director
Company registration number: 05380317
Orionstar Investments Limited
Notes to the Abridged Financial Statements
Year ended 31 July 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 1 Vicarage Way, Gerrards Cross, Bucks SL9 8AR.
2. Statement of compliance
These abridged 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 abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents rental income receivable. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Rental income is recognised on an accrual basis in accordance with the substance of the relevant agreement.
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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Tangible assets
£
Cost
At 1 August 2022
1,197,280
Additions
6,000
------------
At 31 July 2023
1,203,280
------------
Depreciation
At 1 August 2022 and 31 July 2023
------------
Carrying amount
At 31 July 2023
1,203,280
------------
At 31 July 2022
1,197,280
------------
The company's investment property was revalued on a fair value basis by the directors on 31 July 2023.