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Registered number: 12512943

Orwell (Somerset One) Limited

ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2024


Orwell (Somerset One) Limited

ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2024
DIRECTORS
Jack Steer
Neil Strelitz
SECRETARY
Nicola Claydon
REGISTERED OFFICE
The Lodge
Park Road
Shepton Mallet
Somerset
BA4 5BS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 12512943

Orwell (Somerset One) Limited

ACCOUNTS
FOR THEYEARENDED30 APRIL 2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Orwell (Somerset One) Limited

BALANCE SHEET AT 30 April 2024
20242023
Notes££
CURRENT ASSETS
Stock2,464,8272,136,710
Debtors46,33737,053
Cash at bank and in hand22,80613,807
2,493,9702,187,570
CREDITORS: Amounts falling due within one year51,807,4761,485,863
NET CURRENT ASSETS686,494701,707
TOTAL ASSETS LESS CURRENT LIABILITIES686,494701,707
CAPITAL AND RESERVES
Called up share capital6100100
Profit and loss account686,394701,607
SHAREHOLDERS' FUNDS686,494701,707
For the year ending 30 April 2024 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21 January 2025 and signed on their behalf by
.............................
Jack Steer
Director

Orwell (Somerset One) Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees--
3. STOCK 20242023
££
Stock comprises:
Work in progress2,464,8272,136,710
2,464,8272,136,710

Orwell (Somerset One) Limited

4. DEBTORS 20242023
££
Amounts falling due within one year
UK corporation tax3,684-
VAT2,65336,753
Prepayments-300
6,33737,053
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax-169,880
CIS Tax-10,077
Loans878,655331,955
Loans246,470192,780
Loans479,846479,846
Loans167,500167,500
Trade creditors32,36922,159
Other creditors2,636111,666
1,807,4761,485,863
6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100