Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11048997 2023-01-01 2023-12-31 11048997 2022-01-01 2022-12-31 11048997 2023-12-31 11048997 2022-12-31 11048997 c:Director1 2023-01-01 2023-12-31 11048997 d:FreeholdInvestmentProperty 2023-12-31 11048997 d:FreeholdInvestmentProperty 2022-12-31 11048997 d:CurrentFinancialInstruments 2023-12-31 11048997 d:CurrentFinancialInstruments 2022-12-31 11048997 d:Non-currentFinancialInstruments 2023-12-31 11048997 d:Non-currentFinancialInstruments 2022-12-31 11048997 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11048997 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11048997 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11048997 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11048997 d:ShareCapital 2023-12-31 11048997 d:ShareCapital 2022-12-31 11048997 d:RetainedEarningsAccumulatedLosses 2023-12-31 11048997 d:RetainedEarningsAccumulatedLosses 2022-12-31 11048997 c:FRS102 2023-01-01 2023-12-31 11048997 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11048997 c:FullAccounts 2023-01-01 2023-12-31 11048997 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11048997 d:Subsidiary1 2023-01-01 2023-12-31 11048997 d:Subsidiary1 1 2023-01-01 2023-12-31 11048997 6 2023-01-01 2023-12-31 11048997 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11048997










ORANGE CIRCLE INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ORANGE CIRCLE INVESTMENTS LIMITED
REGISTERED NUMBER: 11048997

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
126,721
126,721

Investment property
 5 
3,217,420
3,217,420

  
3,344,141
3,344,141

Current assets
  

Debtors: amounts falling due within one year
 6 
495,967
483,865

Cash at bank and in hand
  
39,593
5,096

  
535,560
488,961

Creditors: amounts falling due within one year
 7 
(2,242,729)
(2,244,576)

Net current liabilities
  
 
 
(1,707,169)
 
 
(1,755,615)

Total assets less current liabilities
  
1,636,972
1,588,526

Creditors: amounts falling due after more than one year
 8 
(818,561)
(877,700)

  

Net assets
  
818,411
710,826


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
818,311
710,726

  
818,411
710,826


Page 1

 
ORANGE CIRCLE INVESTMENTS LIMITED
REGISTERED NUMBER: 11048997
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2024.




P A Fowler
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ORANGE CIRCLE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Orange Circle Investments Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 11048997). Its registered office is 31 Melbourne Road, Bushey, Hertfordshire, WD23 3LL. The Company operated as a holding Company throughout the current year.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company has net current liabilities at 31 December 2023 of £1,707,169 (2022: £1,755,615). The financial statements have been prepared on a going concern basis as in the opinion of the director the outstanding creditor balances will not be called due for payment until further time as the Company has sufficient working capital to enable it to pay these.

 
2.3

Revenue recognition

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

Page 3

 
ORANGE CIRCLE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
ORANGE CIRCLE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2023
4,987,000



At 31 December 2023

4,987,000



Impairment


At 1 January 2023
4,860,279



At 31 December 2023

4,860,279



Net book value



At 31 December 2023
126,721



At 31 December 2022
126,721


Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Principal activity

Class of shares

Holding

Seconds to Buy Limited
England
Holding company
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2023 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(loss)

Seconds to Buy Limited
121,260
(1,717)

Page 5

 
ORANGE CIRCLE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
3,217,420



At 31 December 2023
3,217,420

The 2023 valuations were made by the director, on an open market value for existing use basis.






6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
476,907
479,358

Other debtors
10,549
792

Prepayments and accrued income
8,511
3,715

495,967
483,865


Page 6

 
ORANGE CIRCLE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
59,139
56,961

Trade creditors
6,237
11,933

Amounts owed to group undertakings
709,600
709,600

Corporation tax
2,724
-

Other creditors
1,462,029
1,463,982

Accruals and deferred income
3,000
2,100

2,242,729
2,244,576



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
818,561
877,700


Included within creditors falling due within one year and after more than one year are secured liabilities in respect of bank loans of £877,700 (2022: £934,661).
The bank loan amount falling due after more than 5 years is £305,285.


9.


Controlling party

The controlling party of the Company is Mr P A Fowler.

 
Page 7