Registered number
03315908
Orientor Ltd
Filleted Accounts
31 May 2024
Orientor Ltd
Registered number: 03315908
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Investments 4 441,609 448,615
Current assets
Cash at bank and in hand 69,424 52,842
Creditors: amounts falling due within one year 5 (7,820) (20,782)
Net current assets 61,604 32,060
Net assets 503,213 480,675
Capital and reserves
Called up share capital 2 2
Profit and loss account 503,211 480,673
Shareholders' funds 503,213 480,675
The directors are 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 directors acknowledge their 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.
A Mehta
Director
Approved by the board on 8 August 2024
Orientor Ltd
Notes to the Accounts
for the year ended 31 May 2024
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 represents fees, dividends and interest received during the year.
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:
Plant and machinery 100% in year one
Investments
Listed investments are valued at cost
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 1,459
Additions 1,104
At 31 May 2024 2,563
Depreciation
At 1 June 2023 1,459
Charge for the year 1,104
At 31 May 2024 2,563
Net book value
At 31 May 2024 -
4 Investments
Other
investments
£
Cost
At 1 June 2023 448,615
Additions 50,835
Disposals (57,841)
At 31 May 2024 441,609
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,282 6,957
Other creditors 4,538 13,825
7,820 20,782
6 Controlling party
The company is owned and controlled by the two directors.
7 Other information
Orientor Ltd is a private company limited by shares and incorporated in England. Its registered office is:
43 Meadowbank
London
NW3 3AY
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