Orme Properties Limited 09738200 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of property held in Stock Digita Accounts Production Advanced 6.30.9574.0 true true 09738200 2023-04-01 2024-03-31 09738200 2024-03-31 09738200 bus:OrdinaryShareClass1 2024-03-31 09738200 core:CurrentFinancialInstruments 2024-03-31 09738200 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09738200 bus:SmallEntities 2023-04-01 2024-03-31 09738200 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09738200 bus:FullAccounts 2023-04-01 2024-03-31 09738200 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09738200 bus:RegisteredOffice 2023-04-01 2024-03-31 09738200 bus:Director1 2023-04-01 2024-03-31 09738200 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09738200 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09738200 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-04-01 2024-03-31 09738200 countries:AllCountries 2023-04-01 2024-03-31 09738200 2022-04-01 2023-03-31 09738200 2023-03-31 09738200 bus:OrdinaryShareClass1 2023-03-31 09738200 core:CurrentFinancialInstruments 2023-03-31 09738200 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09738200

Orme Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Orme Properties Limited

Contents

Company Information

1

Statement of Director's Responsibilities

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Orme Properties Limited

Company Information

Director

Mr Michael Wrennall

Registered office

27 Saxon Hall
16 Palace Court
London
W2 4JA

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

Orme Properties Limited

Statement of Director's Responsibilities

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' . Under company law the director must not approve the financial statements unless he is 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 director is required to:

select suitable accounting policies and 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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.

 

Orme Properties Limited

(Registration number: 09738200)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

134,132

134,132

Debtors

5

8,246

10,100

 

142,378

144,232

Creditors: Amounts falling due within one year

6

(144,669)

(144,500)

Net liabilities

 

(2,291)

(268)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(2,391)

(368)

Shareholders' deficit

 

(2,291)

(268)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 November 2024
 

.........................................
Mr Michael Wrennall
Director

 

Orme Properties Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
27 Saxon Hall
16 Palace Court
London
W2 4JA
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Orme Properties Limited

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

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables,cash and bank balances, trade and other creditors.

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 cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Stocks

2024
£

2023
£

Other inventories

134,132

134,132

5

Debtors

Current

2024
£

2023
£

Trade debtors

8,146

10,000

Other debtors

100

100

 

8,246

10,100

 

Orme Properties Limited

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

840

840

Other creditors

143,829

143,660

144,669

144,500

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

8

Related party transactions

Summary of transactions with entities with joint control or significant interest


The amount owed to related parties with joint control or significant influence is £143,829 (2023: £143,660)