Orpington Home Rentals Ltd Filleted Accounts Cover
Orpington Home Rentals Ltd
Company No. 14534368
Information for Filing with The Registrar
31 March 2024
Orpington Home Rentals Ltd Balance Sheet Registrar
at
31 March 2024
Company No.
14534368
Notes
2024
£
Fixed assets
Investment property
4
246,936
Investments
5
1
246,937
Current assets
Debtors
6
1,262
Cash at bank and in hand
9,909
11,171
Creditors: Amount falling due within one year
7
(133,584)
Net current liabilities
(122,413)
Total assets less current liabilities
124,524
Net assets
124,524
Capital and reserves
Called up share capital
100
Profit and loss account
9
124,424
Total equity
124,524
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 02 December 2024 and signed on its behalf by:
M. Stainsbury
Director
02 December 2024
Orpington Home Rentals Ltd Notes to the Accounts Registrar
for the period ended 31 March 2024
1
General information
Orpington Home Rentals Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 14534368
Its registered office is:
32 Spur Road
Orpington
Kent
BR6 0QL
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
Number
The average monthly number of employees (including directors) during the period:
2
4
Investment property
Freehold Investment Property
£
Valuation
Additions
246,936
At 31 March 2024
246,936
5
Investments
Other investments
Total
£
£
Cost or valuation
Additions
1
1
At 31 March 2024
1
1
Provisions/Impairment
Net book values
At 31 March 2024
1
1
6
Debtors
2024
£
Deferred tax asset
1,262
1,262
7
Creditors:
amounts falling due within one year
2024
£
Bank loans and overdrafts
772
Other creditors
132,812
133,584
8
Share Capital
The share capital represents 100 £1 Ordinary shares allocated called up and fully paid.
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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