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Registered number: 12446710
Orchard PM Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Martin & Co
Chartered Certified Accountants
10 Shingle Road
Shoreham-By-Sea
BN43 5RH
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Orchard PM Limited For The Year Ended 28 February 2025
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Orchard PM Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Orchard PM Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Orchard PM Limited and state those matters that we have agreed to state to the directors of Orchard PM Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orchard PM Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Orchard PM Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Orchard PM Limited . You consider that Orchard PM Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Orchard PM Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
09/04/2025
Martin & Co
Chartered Certified Accountants
10 Shingle Road
Shoreham-By-Sea
BN43 5RH
Page 1
Page 2
Balance Sheet
Registered number: 12446710
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 105
- 105
CURRENT ASSETS
Debtors 5 13,992 16,359
Cash at bank and in hand 7,634 9,521
21,626 25,880
Creditors: Amounts Falling Due Within One Year 6 (7,009 ) (8,348 )
NET CURRENT ASSETS (LIABILITIES) 14,617 17,532
TOTAL ASSETS LESS CURRENT LIABILITIES 14,617 17,637
NET ASSETS 14,617 17,637
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 14,607 17,627
SHAREHOLDERS' FUNDS 14,617 17,637
For the year ending 28 February 2025 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Paola Fleming
Director
09/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Orchard PM Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12446710 . The registered office is 10 Shingle Road, Shoreham-By-Sea, West Sussex, BN43 5RH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings Straight line over 3 years
Computer Equipment Straight line over 3 years
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 198 915 1,113
As at 28 February 2025 198 915 1,113
Depreciation
As at 1 March 2024 132 876 1,008
Provided during the period 66 39 105
As at 28 February 2025 198 915 1,113
Net Book Value
As at 28 February 2025 - - -
As at 1 March 2024 66 39 105
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 1,138 1,083
Directors' loan accounts 12,854 15,276
13,992 16,359
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 6,158 7,320
Other taxes and social security - 182
Accruals and deferred income 851 846
7,009 8,348
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
Page 4
Page 5
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Ms Paola Fleming 7,638 26,570 27,781 - 6,427
Mr Jonnie Selby 7,638 26,570 27,781 - 6,427
The above loan is unsecured, interest free and repayable on demand.
Since the balance sheet date, dividends amounting to £13,000 have been paid to the directors.
9. Ultimate Controlling Party
Thje company is under the control of the directors.
Page 5