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REGISTERED NUMBER: 10508141 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

OLD ORCHARD EQUITY LTD

OLD ORCHARD EQUITY LTD (REGISTERED NUMBER: 10508141)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OLD ORCHARD EQUITY LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs R A Andrews
Mr M P Andrews





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 10508141 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

OLD ORCHARD EQUITY LTD (REGISTERED NUMBER: 10508141)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 3,032,559 2,638,894
3,032,560 2,638,895

CURRENT ASSETS
Debtors 6 58,284 43,402
Cash at bank 13,445 15,548
71,729 58,950
CREDITORS
Amounts falling due within one year 7 1,544,473 1,135,636
NET CURRENT LIABILITIES (1,472,744 ) (1,076,686 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,559,816

1,562,209

CREDITORS
Amounts falling due after more than one year 8 (815,352 ) (814,028 )

PROVISIONS FOR LIABILITIES 10 (125,159 ) (126,920 )
NET ASSETS 619,305 621,261

CAPITAL AND RESERVES
Called up share capital 11 202 202
Revaluation reserve 380,759 380,759
Retained earnings 238,344 240,300
SHAREHOLDERS' FUNDS 619,305 621,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

OLD ORCHARD EQUITY LTD (REGISTERED NUMBER: 10508141)

Balance Sheet - continued
31 March 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:




Mr M P Andrews - Director



Mrs R A Andrews - Director


OLD ORCHARD EQUITY LTD (REGISTERED NUMBER: 10508141)

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

1. STATUTORY INFORMATION

Old Orchard Equity Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

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

OLD ORCHARD EQUITY LTD (REGISTERED NUMBER: 10508141)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS
Other
investme
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,638,894
Additions 393,665
At 31 March 2024 3,032,559
NET BOOK VALUE
At 31 March 2024 3,032,559
At 31 March 2023 2,638,894

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 88,008
Valuation in 2022 1,359,230
Valuation in 2023 (946,600 )
Cost 2,531,921
3,032,559

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 202
Prepayments and accrued income 58,284 43,200
58,284 43,402

OLD ORCHARD EQUITY LTD (REGISTERED NUMBER: 10508141)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 3,685 3,485
Amounts owed to participating interests 85,778 85,777
Tax 5,151 2,542
Other creditors 70,058 1
Directors' current accounts 1,337,617 1,037,777
Accruals and deferred income 42,184 6,054
1,544,473 1,135,636

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 815,352 814,028

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 815,352 814,028

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 815,352 814,028

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 125,159 126,920

Deferred
tax
£   
Balance at 1 April 2023 126,920
Provided during year (1,761 )
Balance at 31 March 2024 125,159

OLD ORCHARD EQUITY LTD (REGISTERED NUMBER: 10508141)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 A Class Ordinary £1 1 1
1 B Class Ordinary £1 1 1
100 C Class Ordinary £1 100 100
100 D Class Ordinary £1 100 100
202 202

12. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £1,337,617 (2023: £1,037,777), due and payable to the director. The amount is interest free and repayable on demand.

At the balance sheet date, an amount of £85,778 (2023: £85,777) was owed to Andrews & Dickens Limited, a company related by the fact that they are under common control.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M P Andrews.