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REGISTERED NUMBER: 02623917 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ORANTEZ TRADING LIMITED

ORANTEZ TRADING LIMITED (REGISTERED NUMBER: 02623917)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


ORANTEZ TRADING LIMITED (REGISTERED NUMBER: 02623917)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,774 3,003
Investments 5 2,250 2,250
Investment property 6 6,550,000 6,550,000
6,557,024 6,555,253

CURRENT ASSETS
Debtors 7 2,056,580 2,092,397
Cash at bank and in hand 124,861 250,524
2,181,441 2,342,921
CREDITORS
Amounts falling due within one year 8 674,596 710,125
NET CURRENT ASSETS 1,506,845 1,632,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,063,869

8,188,049

CREDITORS
Amounts falling due after more than one year 9 (1,389,917 ) (1,431,767 )

PROVISIONS FOR LIABILITIES 11 (1,098,220 ) (1,098,220 )
NET ASSETS 5,575,732 5,658,062

CAPITAL AND RESERVES
Called up share capital 102 102
Revaluation reserve 12 4,681,887 4,681,887
Retained earnings 893,743 976,073
5,575,732 5,658,062

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

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

The director acknowledges his 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.

ORANTEZ TRADING LIMITED (REGISTERED NUMBER: 02623917)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 director and authorised for issue on 8 April 2025 and were signed by:





Mr S Oratis - Director


ORANTEZ TRADING LIMITED (REGISTERED NUMBER: 02623917)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Orantez Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02623917

Registered office: 1 Kings Avenue
London
N21 3NA

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.

Preparation of consolidated financial statements
The financial statements contain information about Orantez Trading Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
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 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.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue represents the value of rental income chargeable in respect of the company's investment property.
Revenue is recognised evenly over the period of the rental agreement.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.
The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and fittings - 20% on cost
Plant and Machinery - 20% on cost

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

ORANTEZ TRADING LIMITED (REGISTERED NUMBER: 02623917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Investment property
Investment property, which is property held to earn rentals, 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 date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ORANTEZ TRADING LIMITED (REGISTERED NUMBER: 02623917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023 5,005
Additions 2,772
At 30 June 2024 7,777
DEPRECIATION
At 1 July 2023 2,002
Charge for year 1,001
At 30 June 2024 3,003
NET BOOK VALUE
At 30 June 2024 4,774
At 30 June 2023 3,003

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 1,750 500 2,250
NET BOOK VALUE
At 30 June 2024 1,750 500 2,250
At 30 June 2023 1,750 500 2,250

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 6,550,000
NET BOOK VALUE
At 30 June 2024 6,550,000
At 30 June 2023 6,550,000

The director considers the market value of the investment property to be as stated in the accounts as at year-end.

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2021 4,681,887
Cost 1,868,113
6,550,000

ORANTEZ TRADING LIMITED (REGISTERED NUMBER: 02623917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 2,053,948 2,092,397
Other debtors 2,632 -
2,056,580 2,092,397

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 61,068 78,270
Trade creditors 10,660 10,660
Amounts owed to group undertakings 108,164 95,604
Taxation and social security 57,303 55,590
Other creditors 437,401 470,001
674,596 710,125

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,389,917 1,431,767

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,450,985 1,510,037

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,098,220 1,098,220

Deferred
tax
£   
Balance at 1 July 2023 1,098,220
Balance at 30 June 2024 1,098,220

12. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 4,681,887

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

ORANTEZ TRADING LIMITED (REGISTERED NUMBER: 02623917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

13. RELATED PARTY DISCLOSURES - continued

Included in the other creditors, is an amount of £396,231 (2023: £393,478) due to the director of the company. The loan is interest free and repayable on demand.