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REGISTERED NUMBER: 13671195 (England and Wales)












Financial Statements

for the Year Ended 31st October 2023

for

ORCHARD U.K. LIMITED

ORCHARD U.K. LIMITED (REGISTERED NUMBER: 13671195)

Contents of the Financial Statements
for the year ended 31st October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ORCHARD U.K. LIMITED

Company Information
for the year ended 31st October 2023







DIRECTORS: M Cannatella
A K Cannatella





REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR





REGISTERED NUMBER: 13671195 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

ORCHARD U.K. LIMITED (REGISTERED NUMBER: 13671195)

Balance Sheet
31st October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 366 487
Investment property 5 1,213,918 812,149
1,214,284 812,636

CURRENT ASSETS
Debtors 6 957 2,062
Cash at bank 21,230 30,913
22,187 32,975
CREDITORS
Amounts falling due within one year 7 365,491 278,384
NET CURRENT LIABILITIES (343,304 ) (245,409 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

870,980

567,227

CREDITORS
Amounts falling due after more than one year 8 (866,231 ) (570,501 )

PROVISIONS FOR LIABILITIES (70 ) -
NET ASSETS/(LIABILITIES) 4,679 (3,274 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 4,579 (3,374 )
SHAREHOLDERS' FUNDS 4,679 (3,274 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

ORCHARD U.K. LIMITED (REGISTERED NUMBER: 13671195)

Balance Sheet - continued
31st October 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 10th April 2024 and were signed on its behalf by:





M Cannatella - Director


ORCHARD U.K. LIMITED (REGISTERED NUMBER: 13671195)

Notes to the Financial Statements
for the year ended 31st October 2023


1. STATUTORY INFORMATION

ORCHARD U.K. 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.

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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ORCHARD U.K. LIMITED (REGISTERED NUMBER: 13671195)

Notes to the Financial Statements - continued
for the year ended 31st October 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st November 2022
and 31st October 2023 650
DEPRECIATION
At 1st November 2022 163
Charge for year 121
At 31st October 2023 284
NET BOOK VALUE
At 31st October 2023 366
At 31st October 2022 487

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2022 812,149
Additions 401,769
At 31st October 2023 1,213,918
NET BOOK VALUE
At 31st October 2023 1,213,918
At 31st October 2022 812,149

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Prepayments 957 2,062

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Tax 959 -
Directors' current accounts 351,548 251,548
Deferred income 11,376 24,550
Accrued expenses 1,608 2,286
365,491 278,384

ORCHARD U.K. LIMITED (REGISTERED NUMBER: 13671195)

Notes to the Financial Statements - continued
for the year ended 31st October 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Bank loans more 5 yrs non-inst 866,231 570,501

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 866,231 570,501

9. SECURED DEBTS

The following secured debts are included within creditors:

31/10/23 31/10/22
£    £   
Bank loans 866,231 570,501

The above loans are secured on the company' investment properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
100 Ordinary £1.00 100 100