1 December 2022 v2024.4.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP123023812022-12-012023-11-30123023812023-11-30123023812022-11-3012302381core:WithinOneYear2023-11-3012302381core:WithinOneYear2022-11-3012302381core:AfterOneYear2023-11-3012302381core:ShareCapital2023-11-3012302381core:ShareCapital2022-11-3012302381core:RevaluationReserve2023-11-3012302381core:RevaluationReserve2022-11-3012302381core:RetainedEarningsAccumulatedLosses2023-11-3012302381core:RetainedEarningsAccumulatedLosses2022-11-3012302381bus:Director12022-12-012023-11-3012302381bus:RegisteredOffice2022-12-012023-11-30123023812021-12-012022-11-3012302381core:LandBuildings2022-12-0112302381core:LandBuildings2022-12-012023-11-3012302381core:LandBuildings2023-11-3012302381core:LandBuildings2022-11-301230238112022-12-012023-11-3012302381countries:EnglandWales2022-12-012023-11-3012302381bus:AuditExemptWithAccountantsReport2022-12-012023-11-3012302381bus:PrivateLimitedCompanyLtd2022-12-012023-11-3012302381bus:SmallEntities2022-12-012023-11-3012302381bus:FullAccounts2022-12-012023-11-30
Company registration number:
12302381
Orange Homes Midlands Limited
Unaudited Filleted Financial Statements for the year ended
30 November 2023
Orange Homes Midlands Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Orange Homes Midlands Limited
Year ended
30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Orange Homes Midlands Limited
for the year ended
30 November 2023
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Orange Homes Midlands Limited
, as a body. My work has been undertaken solely to prepare for your approval the
financial statements
of
Orange Homes Midlands Limited
and state those matters that I have agreed to state to the Board of Directors of
Orange Homes Midlands Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Orange Homes Midlands Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Orange Homes Midlands Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Orange Homes Midlands Limited
. You consider that
Orange Homes Midlands Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Orange Homes Midlands Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
HM Accountancy Services Limited
Pine House D
Ransom Wood Business Park
Mansfield
Nottinghamshire
NG21 0HJ
United Kingdom
Date:
16 February 2024
Orange Homes Midlands Limited
Statement of Financial Position
30 November 2023
20232022
Note££
Fixed assets    
Tangible assets 5
192,524
 
110,645
 
Current assets    
Cash at bank and in hand
36,765
 
13,312
 
Creditors: amounts falling due within one year 6
(67,297
)
(51,945
)
Net current liabilities
(30,532
)
(38,633
)
Total assets less current liabilities 161,992   72,012  
Creditors: amounts falling due after more than one year 7
(84,739
) -  
Net assets
77,253
 
72,012
 
Capital and reserves    
Called up share capital
10
 
10
 
Revaluation reserve
54,552
 
54,552
 
Profit and loss account
22,691
 
17,450
 
Shareholders funds
77,253
 
72,012
 
For the year ending
30 November 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
16 February 2024
, and are signed on behalf of the board by:
Wayne Orange
Director
Company registration number:
12302381
Orange Homes Midlands Limited
Notes to the Financial Statements
Year ended
30 November 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Pine House D
,
Ransom Wood Business Park
,
Mansfield
,
Nottinghamshire
,
NG21 0HJ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
1.00
).

5 Tangible assets

Land and buildings
£
Cost  
At
1 December 2022
110,645
 
Additions
81,879
 
At
30 November 2023
192,524
 
Depreciation  
At
1 December 2022
and
30 November 2023
-  
Carrying amount  
At
30 November 2023
192,524
 
At 30 November 2022
110,645
 

6 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
1,229
 
660
 
Other creditors
66,068
 
51,285
 
67,297
 
51,945
 

7 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
84,739
  -