Company registration number 11389512 (England and Wales)
ORENDA LIVING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
ORENDA LIVING LIMITED
COMPANY INFORMATION
Directors
Mrs V S Miller
Mr A J Miller
Company number
11389512
Registered office
3 Connaught House
Riverside Business Park
Benarth Road
Conwy
LL32 8UB
Accountants
Property Tax People Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Starling Bank Limited
7th Floor
Norfolk House
St James's Square
London
SW1Y 4JR
ORENDA LIVING LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
ORENDA LIVING LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ORENDA LIVING LIMITED FOR THE YEAR ENDED 31 JULY 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Orenda Living Limited for the year ended 31 July 2024 which comprise, 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 firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Orenda Living Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Orenda Living Limited and state those matters that we have agreed to state to the board of directors of Orenda Living Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orenda Living Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Orenda Living Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Orenda Living Limited. You consider that Orenda Living 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 financial statements of Orenda Living 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 statutory financial statements.

Property Tax People Limited
29 April 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
ORENDA LIVING LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
9,518
11,894
Investment property
4
730,000
730,000
Investments
5
100
100
739,618
741,994
Current assets
Debtors
6
70,891
109,221
Cash at bank and in hand
13,102
4,944
83,993
114,165
Creditors: amounts falling due within one year
7
(102,994)
(155,043)
Net current liabilities
(19,001)
(40,878)
Total assets less current liabilities
720,617
701,116
Creditors: amounts falling due after more than one year
8
(487,154)
(487,154)
Provisions for liabilities
10
(46,792)
(42,629)
Net assets
186,671
171,333
Capital and reserves
Called up share capital
11
2
2
Non-distributable profits reserve
14
259,411
259,411
Distributable profit and loss reserves
(72,742)
(88,080)
Total equity
186,671
171,333

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

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their 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 year 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.

ORENDA LIVING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 29 April 2025 and are signed on its behalf by:
Mrs V S Miller
Director
Company registration number 11389512 (England and Wales)
ORENDA LIVING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
1
Accounting policies
Company information

Orenda Living Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Connaught House, Riverside Business Park, Benarth Road, Conwy, Wales, LL32 8UB.

1.1
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 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.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services and rents provided in the normal course of business. The fair value of consideration takes into account any lease premiums or rent free periods, which are recognised on a straight line basis over the lease term.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

Revenue from the provision of property rental is recognised by reference to the period of its occupancy and where the amount of rent can be measured reliably.

1.4
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 and fittings
20% on reducing balance
1.5
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. The surplus or deficit on revaluation is recognised in profit or loss.

ORENDA LIVING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.7
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

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

2024
2023
Number
Number
Total
2
2
ORENDA LIVING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 6 -
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 August 2023 and 31 July 2024
18,931
Depreciation and impairment
At 1 August 2023
7,037
Depreciation charged in the year
2,376
At 31 July 2024
9,413
Carrying amount
At 31 July 2024
9,518
At 31 July 2023
11,894
4
Investment property
2024
£
Fair value
At 1 August 2023 and 31 July 2024
730,000

The directors have assessed the market value of the property and consider that there has been no significant change in the market value at the year end.

5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
100
100
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
634
-
0
Other debtors
70,257
109,221
70,891
109,221
ORENDA LIVING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 7 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
1,193
Amounts owed to group undertakings
-
0
62
Taxation and social security
1
436
Other creditors
102,993
153,352
102,994
155,043
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
447,154
447,154
Other creditors
40,000
40,000
487,154
487,154
9
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Bank loans
447,154
447,154
Bank loans are secured by way of a fixed and floating charge over all assets of the company.
10
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
46,792
42,629
11
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
2
2
2
2
12
Related party transactions

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.

ORENDA LIVING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 8 -
13
Ultimate controlling party

The ultimate controlling party is Mr A J Miller and Mrs V S Miller.

14
Non-distributable profits reserve
2024
2023
£
£
At the beginning of the year
259,411
-
Non distributable profits in the year
-
259,411
At the end of the year
259,411
259,411
2024-07-312023-08-01falsefalsefalse29 April 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMrs V S MillerMr A J Miller113895122023-08-012024-07-3111389512bus:Director12023-08-012024-07-3111389512bus:Director22023-08-012024-07-3111389512bus:RegisteredOffice2023-08-012024-07-3111389512bus:Agent12023-08-012024-07-31113895122024-07-31113895122023-07-3111389512core:FurnitureFittings2024-07-3111389512core:FurnitureFittings2023-07-3111389512core:CurrentFinancialInstrumentscore:WithinOneYear2024-07-3111389512core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3111389512core:Non-currentFinancialInstrumentscore:AfterOneYear2024-07-3111389512core:Non-currentFinancialInstrumentscore:AfterOneYear2023-07-3111389512core:CurrentFinancialInstruments2024-07-3111389512core:CurrentFinancialInstruments2023-07-3111389512core:Non-currentFinancialInstruments2024-07-3111389512core:Non-currentFinancialInstruments2023-07-3111389512core:ShareCapital2024-07-3111389512core:ShareCapital2023-07-3111389512core:FurtherSpecificReserve1ComponentTotalEquity2024-07-3111389512core:FurtherSpecificReserve1ComponentTotalEquity2023-07-3111389512core:RetainedEarningsAccumulatedLosses2024-07-3111389512core:RetainedEarningsAccumulatedLosses2023-07-3111389512core:FurnitureFittings2023-08-012024-07-31113895122022-08-012023-07-3111389512core:FurnitureFittings2023-07-31113895122023-07-3111389512core:WithinOneYear2024-07-3111389512core:WithinOneYear2023-07-3111389512bus:PrivateLimitedCompanyLtd2023-08-012024-07-3111389512bus:FRS1022023-08-012024-07-3111389512bus:AuditExemptWithAccountantsReport2023-08-012024-07-3111389512bus:SmallCompaniesRegimeForAccounts2023-08-012024-07-3111389512bus:FullAccounts2023-08-012024-07-31xbrli:purexbrli:sharesiso4217:GBP