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REGISTERED NUMBER: 03181245 (England and Wales)












Strategic Report, Report of the Directors and

Financial Statements

for the Period 1 October 2022 to 31 December 2023

for

Ortoncrest Holdings Limited

Ortoncrest Holdings Limited (Registered number: 03181245)






Contents of the Financial Statements
for the period 1 October 2022 to 31 December 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


Ortoncrest Holdings Limited

Company Information
for the period 1 October 2022 to 31 December 2023







DIRECTORS: Ms A Acton
A Dawson
M P Field
T C Hopwell
A T Hopwell
I F Merrilees





SECRETARY: M P Field





REGISTERED OFFICE: Glaisdale Drive
Bilborough
Nottingham
Nottinghamshire
NG8 4LU





REGISTERED NUMBER: 03181245 (England and Wales)





AUDITORS: Clayton & Brewill
Statutory Auditors and
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Ortoncrest Holdings Limited (Registered number: 03181245)

Strategic Report
for the period 1 October 2022 to 31 December 2023

The directors present their strategic report for the period 1 October 2022 to 31 December 2023.

REVIEW OF BUSINESS
The company traded in the period until the 29th December 2023 when the trade and assets were transferred to Hopwells Limited.

ON BEHALF OF THE BOARD:





T C Hopwell - Director


2 July 2024

Ortoncrest Holdings Limited (Registered number: 03181245)

Report of the Directors
for the period 1 October 2022 to 31 December 2023

The directors present their report with the financial statements of the company for the period 1 October 2022 to 31 December 2023.

DIVIDENDS
No interim dividend was paid during the period. The directors recommend a final dividend of £73,303.27 per share.

The total distribution of dividends for the period ended 31 December 2023 will be £ 14,807,261 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2022 to the date of this report.

Ms A Acton
A Dawson

Other changes in directors holding office are as follows:

M P Field - appointed 28 April 2023
T C Hopwell - appointed 28 April 2023
A T Hopwell - appointed 28 April 2023
I F Merrilees - appointed 28 April 2023
Ms N Banyard - resigned 28 April 2023
L C Whitehead - resigned 28 April 2023
P Whitehead - resigned 28 April 2023

M Revitt ceased to be a director after 31 December 2023 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Ortoncrest Holdings Limited (Registered number: 03181245)

Report of the Directors
for the period 1 October 2022 to 31 December 2023


AUDITORS
The auditors, Clayton & Brewill, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





T C Hopwell - Director


2 July 2024

Report of the Independent Auditors to the Members of
Ortoncrest Holdings Limited

Opinion
We have audited the financial statements of Ortoncrest Holdings Limited (the 'company') for the period ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its profit for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Ortoncrest Holdings Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Enquiry of management and those charged with governance around actual and potential litigation and claims;
- Reviewing minutes of meetings of those charged with governance
- Reviewing financial statement disclosures and testing to supporting documentation to assess
compliance with applicable laws and regulations;
- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Ortoncrest Holdings Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Neil South FCA (Senior Statutory Auditor)
for and on behalf of Clayton & Brewill
Statutory Auditors and
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

2 July 2024

Ortoncrest Holdings Limited (Registered number: 03181245)

Income Statement
for the period 1 October 2022 to 31 December 2023

Period Year Ended
1/10/22 to 31/12/23 30/9/22
Notes £    £    £    £   

TURNOVER 3 19,159,298 13,448,687

Cost of sales 12,754,457 8,789,196
GROSS PROFIT 6,404,841 4,659,491

Distribution costs 1,224,198 825,740
Administrative expenses 133,404 3,237,711
1,357,602 4,063,451
5,047,239 596,040

Other operating income - 52,000
OPERATING PROFIT 5 5,047,239 648,040

Interest receivable and similar income 71,974 8,788
5,119,213 656,828

Interest payable and similar expenses 6 - 18,741
PROFIT BEFORE TAXATION 5,119,213 638,087

Tax on profit 7 (246,919 ) 259,171
PROFIT FOR THE FINANCIAL
PERIOD

5,366,132

378,916

Ortoncrest Holdings Limited (Registered number: 03181245)

Other Comprehensive Income
for the period 1 October 2022 to 31 December 2023

Period
1/10/22
to Year Ended
31/12/23 30/9/22
Notes £    £   

PROFIT FOR THE PERIOD 5,366,132 378,916


OTHER COMPREHENSIVE INCOME
- 33,400
Income tax relating to other
comprehensive income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE PERIOD, NET OF INCOME
TAX


-


33,400
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD

5,366,132

412,316

Ortoncrest Holdings Limited (Registered number: 03181245)

Balance Sheet
31 December 2023

31/12/23 30/9/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 10 - -
Tangible assets 11 - 7,755,389
Investments 12 - 48,400
- 7,803,789

CURRENT ASSETS
Stocks 13 - 1,093,002
Debtors 14 - 1,075,454
Cash at bank 180,250 2,252,775
180,250 4,421,231
CREDITORS
Amounts falling due within one year 15 180,048 1,783,362
NET CURRENT ASSETS 202 2,637,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

202

10,441,658

CREDITORS
Amounts falling due after more than
one year

16

-

(70,000

)

PROVISIONS FOR LIABILITIES 17 - (930,327 )
NET ASSETS 202 9,441,331

CAPITAL AND RESERVES
Called up share capital 18 202 202
Revaluation reserve 19 - 3,306,267
Retained earnings 19 - 6,134,862
SHAREHOLDERS' FUNDS 202 9,441,331

The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2024 and were signed on its behalf by:





T C Hopwell - Director


Ortoncrest Holdings Limited (Registered number: 03181245)

Statement of Changes in Equity
for the period 1 October 2022 to 31 December 2023

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 October 2021 202 5,696,633 3,332,180 9,029,015

Changes in equity
Total comprehensive income - 378,916 33,400 412,316
Transfers - 59,313 (59,313 ) -
Balance at 30 September 2022 202 6,134,862 3,306,267 9,441,331

Changes in equity
Dividends - (14,807,261 ) - (14,807,261 )
Total comprehensive income - 5,366,132 - 5,366,132
Transfers - 3,306,267 (3,306,267 ) -
Balance at 31 December 2023 202 - - 202

Ortoncrest Holdings Limited (Registered number: 03181245)

Cash Flow Statement
for the period 1 October 2022 to 31 December 2023

Period
1/10/22
to Year Ended
31/12/23 30/9/22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,479,797 605,823
Interest paid - (18,741 )
Transfer of trade and assets (3,137,414 ) -
Tax paid (366,318 ) (12,804 )
Net cash from operating activities (2,023,935 ) 574,278

Cash flows from investing activities
Purchase of tangible fixed assets (120,564 ) (84,853 )
Sale of tangible fixed assets - (2 )
Interest received 71,974 8,788
Net cash from investing activities (48,590 ) (76,067 )

Cash flows from financing activities
Loan repayments in year - (125,151 )
- (10,000 )
Net cash from financing activities - (135,151 )

(Decrease)/increase in cash and cash equivalents (2,072,525 ) 363,060
Cash and cash equivalents at
beginning of period

2

2,252,775

1,889,715

Cash and cash equivalents at end
of period

2

180,250

2,252,775

Ortoncrest Holdings Limited (Registered number: 03181245)

Notes to the Cash Flow Statement
for the period 1 October 2022 to 31 December 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
Period
1/10/22
to Year Ended
31/12/23 30/9/22
£    £   
Profit before taxation 5,119,213 638,087
Depreciation charges 193,360 217,409
(Profit)/loss on disposal of fixed assets (4,205,051 ) 1,302
Finance costs - 18,741
Finance income (71,974 ) (8,788 )
1,035,548 866,751
Decrease/(increase) in stocks 1,093,002 (222,492 )
Decrease in trade and other debtors 1,057,504 55,935
Decrease in trade and other creditors (1,706,257 ) (94,371 )
Cash generated from operations 1,479,797 605,823

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 31 December 2023
31/12/23 1/10/22
£    £   
Cash and cash equivalents 180,250 2,252,775
Year ended 30 September 2022
30/9/22 1/10/21
£    £   
Cash and cash equivalents 2,252,775 1,889,715


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/10/22 Cash flow At 31/12/23
£    £    £   
Net cash
Cash at bank 2,252,775 (2,072,525 ) 180,250
2,252,775 (2,072,525 ) 180,250
Total 2,252,775 (2,072,525 ) 180,250

Ortoncrest Holdings Limited (Registered number: 03181245)

Notes to the Financial Statements
for the period 1 October 2022 to 31 December 2023

1. STATUTORY INFORMATION

Ortoncrest Holdings 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" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

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.

Ortoncrest Holdings Limited (Registered number: 03181245)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 December 2023

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

Period
1/10/22
to Year Ended
31/12/23 30/9/22
£    £   
Sale of goods 18,412,157 13,172,596
Other operating income 747,141 276,091
19,159,298 13,448,687

4. EMPLOYEES AND DIRECTORS
Period
1/10/22
to Year Ended
31/12/23 30/9/22
£    £   
Wages and salaries 2,893,352 2,260,871
Social security costs 408,603 243,593
Other pension costs 67,024 50,751
3,368,979 2,555,215

The average number of employees during the period was as follows:
Period
1/10/22
to Year Ended
31/12/23 30/9/22

Bakery 13 15
Administration and support 4 5
Directors 4 6
Sales 9 12
Distribution 35 33
Other departments 4 5
69 76

Period
1/10/22
to Year Ended
31/12/23 30/9/22
£    £   
Directors' remuneration 732,449 535,971
Directors' pension contributions to money purchase schemes 18,474 10,794

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 2
Defined benefit schemes 4 4

Ortoncrest Holdings Limited (Registered number: 03181245)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 December 2023

4. EMPLOYEES AND DIRECTORS - continued

Information regarding the highest paid director is as follows:
Period
1/10/22
to Year Ended
31/12/23 30/9/22
£    £   
Emoluments etc 407,266 217,855
Pension contributions to money purchase schemes 992 1,488

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

Period
1/10/22
to Year Ended
31/12/23 30/9/22
£    £   
Depreciation - owned assets 193,360 203,228
(Profit)/loss on disposal of fixed assets (4,205,051 ) 1,302
Goodwill amortisation - 14,180
Auditors' remuneration 19,182 10,990
Auditors' remuneration for non audit work - 1,900

6. INTEREST PAYABLE AND SIMILAR EXPENSES
Period
1/10/22
to Year Ended
31/12/23 30/9/22
£    £   
Bank loan interest - 18,741

7. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the profit for the period was as follows:
Period
1/10/22
to Year Ended
31/12/23 30/9/22
£    £   
Current tax:
UK corporation tax 237,874 146,394

Deferred tax (484,793 ) 112,777
Tax on profit (246,919 ) 259,171

Ortoncrest Holdings Limited (Registered number: 03181245)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 December 2023

7. TAXATION - continued

Reconciliation of total tax (credit)/charge included in profit and loss
The tax assessed for the period is lower than the standard rate of corporation tax in the UK. The difference is explained below:

Period
1/10/22
to Year Ended
31/12/23 30/9/22
£    £   
Profit before tax 5,119,213 638,087
Profit multiplied by the standard rate of corporation tax in the UK
of 25% (2022 - 19%)

1,279,803

121,237

Effects of:
Expenses not deductible for tax purposes 214,346 -
Income not taxable for tax purposes (1,250,000 ) -
Depreciation in excess of capital allowances 18,060 24,739
Other tax effects (24,335 ) 418
Deferred tax movement (484,793 ) 112,777
Total tax (credit)/charge (246,919 ) 259,171

Tax effects relating to effects of other comprehensive income

30/9/22
Gross Tax Net
£    £    £   
Surplus on revaluation of other assets 33,400 - 33,400

8. DIVIDENDS
Period
1/10/22
to Year Ended
31/12/23 30/9/22
£    £   
Ordinary shares of 1 each
Final 14,807,261 -

9. TRANSFER OF TRADE AND ASSETS

On 29 December 2023 the trade and assets of Ortoncrest Holdings Limited were transferred to Hopwells Ltd for a consideration equal to the fair value of the assets transferred.

Ortoncrest Holdings Limited (Registered number: 03181245)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 December 2023

10. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022 99,900
Disposals (10,708 )
Reclassification/transfer (89,192 )
At 31 December 2023 -
AMORTISATION
At 1 October 2022 99,900
Eliminated on disposal (10,708 )
Reclassification/transfer (89,192 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 30 September 2022 -

11. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 October 2022 5,913,402 1,602,304 878,465
Additions - - 116,338
Disposals - - (3,009 )
Reclassification/transfer (5,913,402 ) (1,602,304 ) (991,794 )
At 31 December 2023 - - -
DEPRECIATION
At 1 October 2022 115,300 66,492 603,793
Charge for period 97,562 14,473 34,810
Eliminated on disposal - - (2,086 )
Reclassification/transfer (212,862 ) (80,965 ) (636,517 )
At 31 December 2023 - - -
NET BOOK VALUE
At 31 December 2023 - - -
At 30 September 2022 5,798,102 1,535,812 274,672

Ortoncrest Holdings Limited (Registered number: 03181245)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 December 2023

11. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 557,215 101,985 81,204 9,134,575
Additions 4,226 - - 120,564
Disposals (26,038 ) (17,690 ) - (46,737 )
Reclassification/transfer (535,403 ) (84,295 ) (81,204 ) (9,208,402 )
At 31 December 2023 - - - -
DEPRECIATION
At 1 October 2022 479,996 66,276 47,329 1,379,186
Charge for period 22,054 10,583 13,878 193,360
Eliminated on disposal (21,894 ) (14,079 ) - (38,059 )
Reclassification/transfer (480,156 ) (62,780 ) (61,207 ) (1,534,487 )
At 31 December 2023 - - - -
NET BOOK VALUE
At 31 December 2023 - - - -
At 30 September 2022 77,219 35,709 33,875 7,755,389

12. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31/12/23 30/9/22
£    £   
Other financial assets brought forward 48,400 15,000
Other financial assets additio ns - 33,400
Transfer (48,400 ) -
- 48,400

13. STOCKS
31/12/23 30/9/22
£    £   
Stock on hand - 1,093,002

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 30/9/22
£    £   
Trade debtors - 932,097
Other debtors - 62,463
Tax - 17,950
Prepayments - 62,944
- 1,075,454

Ortoncrest Holdings Limited (Registered number: 03181245)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 December 2023

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 30/9/22
£    £   
Trade creditors - 1,400,893
Amounts owed to group undertakings 180,048 711
Tax - 146,394
Social security and other taxes - 85,748
Other creditors - 33,789
Accrued expenses - 115,827
180,048 1,783,362

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 30/9/22
£    £   
Accruals and deferred income - 70,000

17. PROVISIONS FOR LIABILITIES
31/12/23 30/9/22
£    £   
Deferred tax - 930,327

Deferred
tax
£   
Balance at 1 October 2022 930,327
Utilised during period (930,327 )
Balance at 31 December 2023 -

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 30/9/22
value: £    £   
202 Ordinary 1 202 202

19. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2022 6,134,862 3,306,267 9,441,129
Profit for the period 5,366,132 5,366,132
Dividends (14,807,261 ) (14,807,261 )
Transfers 3,306,267 (3,306,267 ) -
At 31 December 2023 - - -