Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-30No description of principal activity2022-10-01false33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03074030 2022-10-01 2023-09-30 03074030 2021-10-01 2022-09-30 03074030 2023-09-30 03074030 2022-09-30 03074030 2021-10-01 03074030 1 2022-10-01 2023-09-30 03074030 1 2021-10-01 2022-09-30 03074030 d:Director1 2022-10-01 2023-09-30 03074030 e:PlantMachinery 2022-10-01 2023-09-30 03074030 e:PlantMachinery 2023-09-30 03074030 e:PlantMachinery 2022-09-30 03074030 e:PlantMachinery e:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 03074030 e:FreeholdInvestmentProperty 2023-09-30 03074030 e:FreeholdInvestmentProperty 2022-09-30 03074030 e:FreeholdInvestmentProperty 2 2022-10-01 2023-09-30 03074030 e:CurrentFinancialInstruments 2023-09-30 03074030 e:CurrentFinancialInstruments 2022-09-30 03074030 e:CurrentFinancialInstruments e:WithinOneYear 2023-09-30 03074030 e:CurrentFinancialInstruments e:WithinOneYear 2022-09-30 03074030 e:ShareCapital 2022-10-01 2023-09-30 03074030 e:ShareCapital 2023-09-30 03074030 e:ShareCapital 2021-10-01 2022-09-30 03074030 e:ShareCapital 2022-09-30 03074030 e:ShareCapital 2021-10-01 03074030 e:OtherMiscellaneousReserve 2022-10-01 2023-09-30 03074030 e:OtherMiscellaneousReserve 2023-09-30 03074030 e:OtherMiscellaneousReserve 1 2022-10-01 2023-09-30 03074030 e:OtherMiscellaneousReserve 2021-10-01 2022-09-30 03074030 e:OtherMiscellaneousReserve 2022-09-30 03074030 e:OtherMiscellaneousReserve 2021-10-01 03074030 e:OtherMiscellaneousReserve 1 2021-10-01 2022-09-30 03074030 e:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 03074030 e:RetainedEarningsAccumulatedLosses 2023-09-30 03074030 e:RetainedEarningsAccumulatedLosses 1 2022-10-01 2023-09-30 03074030 e:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 03074030 e:RetainedEarningsAccumulatedLosses 2022-09-30 03074030 e:RetainedEarningsAccumulatedLosses 2021-10-01 03074030 e:RetainedEarningsAccumulatedLosses 1 2021-10-01 2022-09-30 03074030 d:FRS102 2022-10-01 2023-09-30 03074030 d:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 03074030 d:FullAccounts 2022-10-01 2023-09-30 03074030 d:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 03074030 e:AcceleratedTaxDepreciationDeferredTax 2023-09-30 03074030 e:AcceleratedTaxDepreciationDeferredTax 2022-09-30 03074030 2 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 03074030









ORCHID HOUSE PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
ORCHID HOUSE PROPERTIES LIMITED
REGISTERED NUMBER: 03074030

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
81
-

Investment property
 5 
2,070,000
2,015,000

  
2,070,081
2,015,000

Current assets
  

Debtors: amounts falling due within one year
 6 
784
725

Cash at bank and in hand
 7 
714,494
657,501

  
715,278
658,226

Creditors: amounts falling due within one year
 8 
(801,074)
(747,659)

Net current liabilities
  
 
 
(85,796)
 
 
(89,433)

Total assets less current liabilities
  
1,984,285
1,925,567

Provisions for liabilities
  

Deferred tax
 9 
(309,618)
(295,868)

  
 
 
(309,618)
 
 
(295,868)

Net assets
  
1,674,667
1,629,699


Capital and reserves
  

Called up share capital 
  
25,000
25,000

Other reserves
  
1,444,838
1,389,838

Profit and loss account
  
204,829
214,861

  
1,674,667
1,629,699


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
ORCHID HOUSE PROPERTIES LIMITED
REGISTERED NUMBER: 03074030
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
R J Cooper
Director

Date: 12 February 2024

The notes on pages 5 to 10 form part of these financial statements.
Page 2

 
ORCHID HOUSE PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£

At 1 October 2022
25,000
1,389,838
214,861
1,629,699


Comprehensive income for the year

Profit for the year
-
-
94,968
94,968

Transfer between reserves
-
55,000
(55,000)
-
Total comprehensive income for the year
-
55,000
39,968
94,968


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(50,000)
(50,000)


Total transactions with owners
-
-
(50,000)
(50,000)


At 30 September 2023
25,000
1,444,838
204,829
1,674,667


The notes on pages 5 to 10 form part of these financial statements.
Page 3

 
ORCHID HOUSE PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2022


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£

At 1 October 2021
25,000
1,271,838
318,630
1,615,468


Comprehensive income for the year

Profit for the year
-
-
64,231
64,231

Transfer between reserves
-
118,000
(118,000)
-
Total comprehensive income for the year
-
118,000
(53,769)
64,231


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(50,000)
(50,000)


Total transactions with owners
-
-
(50,000)
(50,000)


At 30 September 2022
25,000
1,389,838
214,861
1,629,699


The notes on pages 5 to 10 form part of these financial statements.
Page 4

 
ORCHID HOUSE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Orchid House Properties Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is First Floor, Radius House, 51 Clarendon Road, Watford, Hertfordshire, WD17 1HP.
The company's principal activity is that of a rental property firm.
The siginificant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of rents received during the year, exclusive of Value Added Tax and trade discounts. 

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 5

 
ORCHID HOUSE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 6

 
ORCHID HOUSE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 7

 
ORCHID HOUSE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 October 2022
22,154


Additions
101



At 30 September 2023

22,255



Depreciation


At 1 October 2022
22,154


Charge for the year on owned assets
20



At 30 September 2023

22,174



Net book value



At 30 September 2023
81



At 30 September 2022
-


5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2022
2,015,000


Surplus on revaluation
55,000



At 30 September 2023
2,070,000

The 2023 valuations were made by directors, on an open market value for existing use basis.







Page 8

 
ORCHID HOUSE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
169
300

Prepayments and accrued income
615
425

784
725



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
714,494
657,501

714,494
657,501



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
13,373
9,303

Other creditors
782,830
733,038

Accruals and deferred income
4,871
5,318

801,074
747,659



9.


Deferred taxation




2023


£






At beginning of year
(295,868)


Utilised in year
(13,750)



At end of year
(309,618)

Page 9

 
ORCHID HOUSE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Potentail gain on disposal of indexed properties
(309,618)
(295,868)

(309,618)
(295,868)

 
Page 10