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REGISTERED NUMBER: 10103030 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Orchids Property Developments Ltd

Orchids Property Developments Ltd (Registered number: 10103030)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Orchids Property Developments Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Miss J E Seel





REGISTERED OFFICE: 102 Beccles Road
Bungay
Suffolk
NR35 1JA





REGISTERED NUMBER: 10103030 (England and Wales)





ACCOUNTANTS: CUNNINGHAMS
Number Sixty One
Alexandra Road
Lowestoft
Suffolk
NR32 1PL

Orchids Property Developments Ltd (Registered number: 10103030)

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 140,000 140,000

CURRENT ASSETS
Debtors 420 420
Cash at bank 3,062 3,172
3,482 3,592
CREDITORS
Amounts falling due within one year 111,073 117,944
NET CURRENT LIABILITIES (107,591 ) (114,352 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,409

25,648

PROVISIONS FOR LIABILITIES 21,093 17,929
NET ASSETS 11,316 7,719

CAPITAL AND RESERVES
Called up share capital 20 20
Revaluation reserve 4 98,907 102,071
Retained earnings (87,611 ) (94,372 )
11,316 7,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Orchids Property Developments Ltd (Registered number: 10103030)

Abridged Balance Sheet - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 January 2025 and were signed by:





Miss J E Seel - Director


Orchids Property Developments Ltd (Registered number: 10103030)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. 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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 140,000
NET BOOK VALUE
At 30 April 2024 140,000
At 30 April 2023 140,000

Orchids Property Developments Ltd (Registered number: 10103030)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. INVESTMENT PROPERTY - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2017 20,000
Valuation in 2018 20,000
Valuation in 2019 105,000
Valuation in 2020 (20,000 )
Valuation in 2022 15,000
140,000

If investment property had not been revalued it would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 20,000 20,000

Investment property was valued on an open market basis on 30 April 2024 by the director .

4. RESERVES
Revaluation
reserve
£   
At 1 May 2023 102,071
Transfers (3,164 )

At 30 April 2024 98,907