Registered number
09702767
Slipper Orchid Ltd
Filleted Accounts
31 July 2023
Slipper Orchid Ltd
Registered number: 09702767
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,724 3,549
Investments 4 4,530,264 3,758,440
4,534,988 3,761,989
Current assets
Debtors 5 5,762 5,076
Cash at bank and in hand 204,903 25,967
210,665 31,043
Creditors: amounts falling due within one year 6 (3,610,240) (2,651,812)
Net current liabilities (3,399,575) (2,620,769)
Total assets less current liabilities 1,135,413 1,141,220
Creditors: amounts falling due after more than one year 7 (1,094,994) (1,195,647)
Net assets/(liabilities) 40,419 (54,427)
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account (9,581) (104,427)
Shareholder's funds 40,419 (54,427)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mark Damon Bradley
Director
Approved by the board on 11 April 2024
Slipper Orchid Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 7,572
Additions 2,605
At 31 July 2023 10,177
Depreciation
At 1 August 2022 4,023
Charge for the year 1,430
At 31 July 2023 5,453
Net book value
At 31 July 2023 4,724
At 31 July 2022 3,549
4 Investments
Other
investments
£
Cost
At 1 August 2022 3,758,440
Additions 771,824
At 31 July 2023 4,530,264
5 Debtors 2023 2022
£ £
Trade debtors - 825
Other debtors 5,762 4,251
5,762 5,076
6 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 1,491 -
Trade creditors 300 132
Taxation and social security costs 2,710 -
Other creditors 3,605,739 2,651,680
3,610,240 2,651,812
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,094,994 1,195,647
Secured loans
Mortgages of £679,417 (2022: £771,297) due to Lendinvest Btl Ltd are secured by way of a legal charge over the
properties to which the mortgages relate. A mortgage of £79,202 (2022: £87,975) due to Paratus Amc Ltd is
secured by way of a legal charge over the property to which the mortgage relates. Mortgages of 336,375
(2022:£336,375) due to Charter Court Financial Services Ltd are secured by way of a legal charge over the
properties to which the mortgages relate.
8 Other information
Slipper Orchid Ltd is a private company limited by shares and incorporated in England. Its registered office is:
131 Upper Batley Lane
Batley
West Yorkshire
WF17 0QT
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