Orb Property Ltd |
Registered number: |
12923020 |
Balance Sheet |
as at 31 October 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
375,192 |
|
|
375,442 |
|
Current assets |
Cash at bank and in hand |
|
|
14,248 |
|
|
10,750 |
|
Creditors: amounts falling due within one year |
4 |
|
(120,177) |
|
|
(122,954) |
|
Net current liabilities |
|
|
|
(105,929) |
|
|
(112,204) |
|
Total assets less current liabilities |
|
|
|
269,263 |
|
|
263,238 |
|
Creditors: amounts falling due after more than one year |
5 |
|
|
(257,210) |
|
|
(257,210) |
|
|
|
Net assets |
|
|
|
12,053 |
|
|
6,028 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
12,052 |
|
|
6,027 |
|
Shareholders' funds |
|
|
|
12,053 |
|
|
6,028 |
|
|
|
|
|
|
|
|
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 members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges her 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. |
|
|
|
|
Raven Bewsy |
Director |
Approved by the board on 1 March 2024 |
|
Orb Property Ltd |
Notes to the Accounts |
for the year ended 31 October 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). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable from the rental of freehold property. |
|
|
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: |
|
|
Freehold buildings |
0% |
|
Office equipment |
over 3 years |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Office equipment |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 November 2022 |
375,190 |
|
754 |
|
375,944 |
|
At 31 October 2023 |
375,190 |
|
754 |
|
375,944 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2022 |
- |
|
502 |
|
502 |
|
Charge for the year |
- |
|
250 |
|
250 |
|
At 31 October 2023 |
- |
|
752 |
|
752 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2023 |
375,190 |
|
2 |
|
375,192 |
|
At 31 October 2022 |
375,190 |
|
252 |
|
375,442 |
|
|
4 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Taxation and social security costs |
1,472 |
|
1,301 |
|
Other creditors |
118,705 |
|
121,653 |
|
|
|
|
|
|
120,177 |
|
122,954 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans |
257,210 |
|
257,210 |
|
|
|
|
|
|
|
|
|
|
6 |
Loans |
2023 |
|
2022 |
£ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
257,210 |
|
257,210 |
|
|
|
|
|
|
|
|
|
|
A charge is held by The Mortgage Works dated 24 February 2021 over one freehold property at 21 Milton Street, Ilkeston, DE7 8NX. A charge is held by Charter Court Financial Services Limited dated 9 November 2021 over one freehold property at 2 Harvard House, Rivermead, Wilford lane, Nottingham, NG2 7RB. A charge is held by Lendinvest Btl Limited dated 9 November 2021 over one freehold property at 26 Tevery Close, Stapleford, Nottingham, NG9 8DU. |
|
|
7 |
Other information |
|
|
Orb Property Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
67 Wallis Close |
|
Draycott |
|
Derby |
|
DE72 3QS |