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REGISTERED NUMBER: 09137037 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

ORCHARD PROPERTIES (EAST LONDON) LIMITED

ORCHARD PROPERTIES (EAST LONDON) LIMITED (REGISTERED NUMBER: 09137037)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ORCHARD PROPERTIES (EAST LONDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Ms K Roast
C A Wermerling





REGISTERED OFFICE: 15 West Street
Brighton
East Sussex
BN1 2RL





REGISTERED NUMBER: 09137037 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

ORCHARD PROPERTIES (EAST LONDON) LIMITED (REGISTERED NUMBER: 09137037)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 787 1,161
Investment property 4 310,000 352,595
310,787 353,756

CURRENT ASSETS
Debtors 5 23,411 18,744
Cash at bank 40,957 29,948
64,368 48,692
CREDITORS
Amounts falling due within one year 6 16,378 14,435
NET CURRENT ASSETS 47,990 34,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

358,777

388,013

CREDITORS
Amounts falling due after more than one
year

7

364,962

370,949
NET (LIABILITIES)/ASSETS (6,185 ) 17,064

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 (42,595 ) -
Retained earnings 8 36,310 16,964
SHAREHOLDERS' FUNDS (6,185 ) 17,064

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 25 March 2025 and were signed on its behalf by:





Ms K Roast - Director


ORCHARD PROPERTIES (EAST LONDON) LIMITED (REGISTERED NUMBER: 09137037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

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.

Turnover
Turnover represents the following types of income
- Rental income
- Income from the sale of properties

All income is recognised on a receivable basis

2. EMPLOYEES AND DIRECTORS

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

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 336 1,160 1,496
DEPRECIATION
At 1 August 2023 35 300 335
Charge for year 84 290 374
At 31 July 2024 119 590 709
NET BOOK VALUE
At 31 July 2024 217 570 787
At 31 July 2023 301 860 1,161

ORCHARD PROPERTIES (EAST LONDON) LIMITED (REGISTERED NUMBER: 09137037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 352,595
Revaluations (42,595 )
At 31 July 2024 310,000
NET BOOK VALUE
At 31 July 2024 310,000
At 31 July 2023 352,595

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 (42,595 )
Cost 352,595
310,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65 180
Amounts owed by associates 23,033 18,241
Prepayments 313 323
23,411 18,744

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,515 1,288
Tax 4,882 3,646
Other creditors 2,826 2,655
Directors' loan accounts 4,500 4,500
Deferred income 1,094 901
Accrued expenses 1,561 1,445
16,378 14,435

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 364,962 370,949

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2023 16,964 - 16,964
Deficit for the year (23,249 ) (23,249 )
Revaluation reserve 42,595 (42,595 ) -
At 31 July 2024 36,310 (42,595 ) (6,285 )

ORCHARD PROPERTIES (EAST LONDON) LIMITED (REGISTERED NUMBER: 09137037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Ms K Roast decreased her loan to the company. As at 31 July 2024 the company owed her £369,462 (2023: £375,449). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Ms K Roast.

This was by virtue of her holding 100% of the issued share capital.