Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-242023-06-24false2022-06-25Property management1010truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01781246 2022-06-25 2023-06-24 01781246 2021-06-25 2022-06-24 01781246 2023-06-24 01781246 2022-06-24 01781246 c:Director1 2022-06-25 2023-06-24 01781246 c:Director2 2022-06-25 2023-06-24 01781246 c:Director3 2022-06-25 2023-06-24 01781246 c:Director4 2022-06-25 2023-06-24 01781246 c:Director5 2022-06-25 2023-06-24 01781246 c:RegisteredOffice 2022-06-25 2023-06-24 01781246 d:CurrentFinancialInstruments 2023-06-24 01781246 d:CurrentFinancialInstruments 2022-06-24 01781246 d:Non-currentFinancialInstruments 2023-06-24 01781246 d:Non-currentFinancialInstruments 2022-06-24 01781246 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-24 01781246 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-24 01781246 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-24 01781246 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-24 01781246 d:ShareCapital 2023-06-24 01781246 d:ShareCapital 2022-06-24 01781246 d:RetainedEarningsAccumulatedLosses 2023-06-24 01781246 d:RetainedEarningsAccumulatedLosses 2022-06-24 01781246 c:FRS102 2022-06-25 2023-06-24 01781246 c:AuditExempt-NoAccountantsReport 2022-06-25 2023-06-24 01781246 c:FullAccounts 2022-06-25 2023-06-24 01781246 c:PrivateLimitedCompanyLtd 2022-06-25 2023-06-24 01781246 e:PoundSterling 2022-06-25 2023-06-24 iso4217:GBP xbrli:pure
Registered number: 01781246














ORCHARD COURT (PORTMAN SQUARE) LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 24 JUNE 2023

 
ORCHARD COURT (PORTMAN SQUARE) LIMITED
 
 
COMPANY INFORMATION


Directors
B Bassatne 
M S Djanogly 
C T Frost 
C M Shah 
R J Apperley 




Registered number
01781246



Registered office
5 Elstree Gate
Elstree Way

Borehamwood

Hertfordshire

WD6 1JD




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
ORCHARD COURT (PORTMAN SQUARE) LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 5


 
ORCHARD COURT (PORTMAN SQUARE) LIMITED
REGISTERED NUMBER:01781246

STATEMENT OF FINANCIAL POSITION
AS AT 24 JUNE 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
169,490
125,352

Cash at bank and in hand
  
2,089,460
2,020,517

  
2,258,950
2,145,869

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(773,034)
(719,570)

Net current assets
  
 
 
1,485,916
 
 
1,426,299

Total assets less current liabilities
  
1,485,916
1,426,299

Creditors: amounts falling due after more than one year
 6 
(973,427)
(944,627)

  

Net assets
  
512,489
481,672


Capital and reserves
  

Called up share capital 
  
54
54

Profit and loss account
  
512,435
481,618

  
512,489
481,672


Page 1

 
ORCHARD COURT (PORTMAN SQUARE) LIMITED
REGISTERED NUMBER:01781246
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 24 JUNE 2023

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.

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 Apperley
Director

Date: 8 March 2024

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

Page 2

 
ORCHARD COURT (PORTMAN SQUARE) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2023

1.


General information

Orchard Court (Portman Square) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, United Kingdom, WD6 1JD.
The principal activity of the company during the year was that of resident property management.
The company's functional and presentational currency is £ Sterling.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Income is recognised at the point of sale.

 
2.3

Taxation

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 reporting 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 reporting 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 reporting date.

 
2.4

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.

Page 3

 
ORCHARD COURT (PORTMAN SQUARE) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 10).

Page 4

 
ORCHARD COURT (PORTMAN SQUARE) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 JUNE 2023

4.


Debtors

2023
2022
£
£


Other debtors
168,790
124,652

Prepayments and accrued income
700
700

169,490
125,352



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
7,708
8,817

Other creditors
764,074
709,502

Accruals and deferred income
1,252
1,251

773,034
719,570



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Tenant's deposit
973,427
944,627

973,427
944,627


 
Page 5