Company registration number 04121296 (England and Wales)
ORCHARD ESTATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
ORCHARD ESTATES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ORCHARD ESTATES LIMITED (REGISTERED NUMBER: 04121296)
BALANCE SHEET
AS AT 28 JUNE 2023
28 June 2023
- 1 -
28 June 2023
29 June 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,156
2,536
Investment property
5
1,050,000
1,050,000
1,052,156
1,052,536
Current assets
Debtors
6
-
0
11,314
Cash at bank and in hand
1,609
11
1,609
11,325
Creditors: amounts falling due within one year
7
(167,643)
(103,204)
Net current liabilities
(166,034)
(91,879)
Total assets less current liabilities
886,122
960,657
Creditors: amounts falling due after more than one year
8
(372,297)
(428,876)
Provisions for liabilities
(410)
(482)
Net assets
513,415
531,299
Capital and reserves
Called up share capital
10
100
100
Non-distributable profits reserve
11
638,672
638,672
Distributable profit and loss reserves
(125,357)
(107,473)
Total equity
513,415
531,299
ORCHARD ESTATES LIMITED (REGISTERED NUMBER: 04121296)
BALANCE SHEET (CONTINUED)
AS AT 28 JUNE 2023
28 June 2023
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 28 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 28 March 2025
Mrs R Hossenboccus
Director
ORCHARD ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 JUNE 2023
- 3 -
1
Accounting policies
Company information

Orchard Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Reporting period

The company's accounts are being presented for a period of shorter than one year, being from the 30th of June 2022 to the 28th of June 2023.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rental services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

ORCHARD ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 JUNE 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% on reducing balance
Office equipment
15% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
2022
Number
Number
Total
1
1
ORCHARD ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 JUNE 2023
- 5 -
4
Tangible fixed assets
Fixtures, fittings & equipment
Office equipment
Total
£
£
£
Cost
At 30 June 2022 and 28 June 2023
2,883
5,903
8,786
Depreciation and impairment
At 30 June 2022
2,679
3,571
6,250
Depreciation charged in the period
30
350
380
At 28 June 2023
2,709
3,921
6,630
Carrying amount
At 28 June 2023
174
1,982
2,156
At 29 June 2022
204
2,332
2,536
5
Investment property
2023
£
Fair value
At 30 June 2022 and 28 June 2023
1,050,000

Investment property comprises of two properties valued at £800,000 and £250,000 respectively. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors.

6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
-
0
11,314
7
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
20,967
39,521
Trade creditors
5,792
2,721
Taxation and social security
51,766
45,341
Other creditors
89,118
15,621
167,643
103,204
ORCHARD ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 JUNE 2023
- 6 -
8
Creditors: amounts falling due after more than one year
Bank loans and overdrafts
372,297
428,876
372,297
428,876
9
Secured Debts

The bank loan of £140,940 within creditors represents a secured debt. (2022: £140,940)

10
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
11
Non-distributable profits reserve
2023
2022
£
£
At the beginning of the period
638,672
538,672
Non distributable profits in the period
-
100,000
At the end of the period
638,672
638,672
12
Reserves

Included within reserves is a non-distributable sum of £638,672 (2022: £638,672) relating to the movement in fair value of the company's investment property.

13
Financial commitments, guarantees and contingent liabilities

The company gives the bank a fixed and floating charge over its assets and undertaking owned now and in the future.

 

Bank loans are subject to a charge over the company's property.

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