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REGISTERED NUMBER: 10471865 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Orca (Clifton) Limited

Orca (Clifton) Limited (Registered number: 10471865)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Orca (Clifton) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr G J Hall
Ms M D F Cherubim





SECRETARY:





REGISTERED OFFICE: Redland House
157 Redland Road
Redland
Bristol
BS6 6YE





REGISTERED NUMBER: 10471865 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Orca (Clifton) Limited (Registered number: 10471865)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,886 56,612
Investment property 5 8,965,992 9,725,140
9,017,878 9,781,752

CURRENT ASSETS
Debtors 6 7,409 10,298
Cash at bank 184,286 459,329
191,695 469,627
CREDITORS
Amounts falling due within one year 7 3,667,329 3,800,683
NET CURRENT LIABILITIES (3,475,634 ) (3,331,056 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,542,244

6,450,696

CREDITORS
Amounts falling due after more than one
year

8

(4,381,219

)

(5,293,963

)

PROVISIONS FOR LIABILITIES (109,865 ) (107,196 )
NET ASSETS 1,051,160 1,049,537

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 468,374 481,985
Retained earnings 10 582,686 567,452
SHAREHOLDERS' FUNDS 1,051,160 1,049,537

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 18 July 2024 and were signed on its behalf by:



Mr G J Hall - Director


Orca (Clifton) Limited (Registered number: 10471865)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Orca (Clifton) 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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 15% on reducing balance basis

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 (2023 - 2 ) .

Orca (Clifton) Limited (Registered number: 10471865)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 83,170 160 83,330
Additions 1,572 3,658 5,230
At 31 March 2024 84,742 3,818 88,560
DEPRECIATION
At 1 April 2023 26,609 109 26,718
Charge for year 8,720 1,236 9,956
At 31 March 2024 35,329 1,345 36,674
NET BOOK VALUE
At 31 March 2024 49,413 2,473 51,886
At 31 March 2023 56,561 51 56,612

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 9,725,140
Additions 220,210
Disposals (1,148,498 )
Revaluations 169,140
At 31 March 2024 8,965,992
NET BOOK VALUE
At 31 March 2024 8,965,992
At 31 March 2023 9,725,140

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 8,965,992

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 4,651,262 4,651,262

Investment property was valued on an open market basis on 31 March 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 7,409 10,298

Orca (Clifton) Limited (Registered number: 10471865)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 20,796
Social security and other taxes 152 152
Amounts owed to group undertaking 3,532,237 3,659,018
Loan to DHC Bristol Limited (4,910 ) (5,000 )
Directors' loan accounts 18,103 -
Rent received in advance 28,350 27,644
Accrued expenses 93,397 98,073
3,667,329 3,800,683

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 4,381,219 5,293,963

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 567,452 481,985 1,049,437
Profit for the year 1,623 1,623
Revaluation of investment
properties

13,611

(13,611

)

-

At 31 March 2024 582,686 468,374 1,051,060

11. RELATED PARTY DISCLOSURES

During the period a loan was received from Orca Investments (Bristol) Limited, a company under common control, with balance outstanding at the year end amounting to £3,532,237 (31 March 2023: £3,659,018)

12. ULTIMATE CONTROLLING PARTY

The controlling party is Orca Investments Holdings Limited.