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REGISTERED NUMBER: 06779493 (England and Wales)












STONEHOUSE ORION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






STONEHOUSE ORION LIMITED (REGISTERED NUMBER: 06779493)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


STONEHOUSE ORION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J D Gorick
M J Gorick





SECRETARY: Mrs A A Blackburn





REGISTERED OFFICE: The Stone House
72 Whittingham Lane
Broughton
Preston
Lancashire
PR3 5DB





REGISTERED NUMBER: 06779493 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB

STONEHOUSE ORION LIMITED (REGISTERED NUMBER: 06779493)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 707 1,707
Investment property 5 3,547,459 3,547,459
3,548,166 3,549,166

CURRENT ASSETS
Debtors 205,285 174,649
Cash at bank and in hand 189,492 200,671
394,777 375,320
CREDITORS
Amounts falling due within one year 361,503 330,575
NET CURRENT ASSETS 33,274 44,745
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,581,440

3,593,911

CREDITORS
Amounts falling due after more than
one year

1,083,419

1,526,419
NET ASSETS 2,498,021 2,067,492

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,497,021 2,066,492
2,498,021 2,067,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

STONEHOUSE ORION LIMITED (REGISTERED NUMBER: 06779493)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:





J D Gorick - Director


STONEHOUSE ORION LIMITED (REGISTERED NUMBER: 06779493)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Stonehouse Orion Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost and 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The fair value of the investment property has been arrived at on the basis of a valuation carried out on the properties by Eckersley Commercial Property Solutions, Chartered Surveyors, who are not connected with the Company. The valuation was made on an open market value basis in the year ended 31 December 2016 by reference to market evidence of transaction prices for similar properties. The directors deem this to be the fair value of the investment properties for the year ended 31 December 2023.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


STONEHOUSE ORION LIMITED (REGISTERED NUMBER: 06779493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 3,525
DEPRECIATION
At 1 January 2023 1,818
Charge for year 1,000
At 31 December 2023 2,818
NET BOOK VALUE
At 31 December 2023 707
At 31 December 2022 1,707

STONEHOUSE ORION LIMITED (REGISTERED NUMBER: 06779493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 3,547,459
NET BOOK VALUE
At 31 December 2023 3,547,459
At 31 December 2022 3,547,459