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REGISTERED NUMBER: 08225578 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

The Ordnance Depot Ltd

The Ordnance Depot Ltd (Registered number: 08225578)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


The Ordnance Depot Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: M Chittenden





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 08225578 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
The Ordnance Depot Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Ordnance Depot Ltd for the year ended 30 September 2024 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Ordnance Depot Ltd in accordance with the terms of our engagement letter dated 19 May 2014. Our work has been undertaken solely to prepare for your approval the financial statements of The Ordnance Depot Ltd and state those matters that we have agreed to state to the director of The Ordnance Depot Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Ordnance Depot Ltd and its director for our work or for this report.

It is your duty to ensure that The Ordnance Depot Ltd 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 The Ordnance Depot Ltd. You consider that The Ordnance Depot Ltd 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 The Ordnance Depot Ltd. 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.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


23 April 2025

The Ordnance Depot Ltd (Registered number: 08225578)

Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 91,851 73,630

CURRENT ASSETS
Stocks 2,039,580 2,016,513
Debtors 5 635,710 628,661
Cash at bank and in hand 16,502 21,490
2,691,792 2,666,664
CREDITORS
Amounts falling due within one year 6 1,238,328 1,074,623
NET CURRENT ASSETS 1,453,464 1,592,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,545,315

1,665,671

CREDITORS
Amounts falling due after more than one year 7 (1,455,737 ) (1,573,295 )

PROVISIONS FOR LIABILITIES (4,303 ) (8,624 )
NET ASSETS 85,275 83,752

CAPITAL AND RESERVES
Called up share capital 10 500 500
Retained earnings 84,775 83,252
SHAREHOLDERS' FUNDS 85,275 83,752

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

The Ordnance Depot Ltd (Registered number: 08225578)

Balance Sheet - continued
30 September 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 23 April 2025 and were signed by:





M Chittenden - Director


The Ordnance Depot Ltd (Registered number: 08225578)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

The Ordnance Depot Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

The Ordnance Depot Ltd (Registered number: 08225578)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 294,956
Additions 64,025
Disposals (4,741 )
At 30 September 2024 354,240
DEPRECIATION
At 1 October 2023 221,326
Charge for year 41,063
At 30 September 2024 262,389
NET BOOK VALUE
At 30 September 2024 91,851
At 30 September 2023 73,630

The Ordnance Depot Ltd (Registered number: 08225578)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 138,400
DEPRECIATION
At 1 October 2023 137,525
Charge for year 875
At 30 September 2024 138,400
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 19,371 26,617
Other debtors 616,339 602,044
635,710 628,661

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts (see note 8) 128,006 123,042
Hire purchase contracts 10,080 9,356
Trade creditors 64,253 38,530
Taxation and social security 21,636 24,674
Other creditors 1,014,353 879,021
1,238,328 1,074,623

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Bank loans (see note 8) 1,455,737 1,573,295

The Ordnance Depot Ltd (Registered number: 08225578)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30/9/24 30/9/23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,455,737 1,573,295

8. LOANS

An analysis of the maturity of loans is given below:

30/9/24 30/9/23
£    £   
Amounts falling due within one year or on demand:
Bank loans 128,006 123,042

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,455,737 1,573,295

9. SECURED DEBTS

The company created a debenture dated 21 December 2015 in favour of Aldermore Bank PLC to secure all monies due or to become due from the company to the chargee by a fixed and floating charge over the freehold property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/24 30/9/23
value: £    £   
500 Ordinary £1 500 500

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet, the amount of £81,077 (2023: £128) was owed to the director by the company.

The Ordnance Depot Ltd (Registered number: 08225578)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

12. RELATED PARTY DISCLOSURES

At the balance sheet date, the following amounts within other debtors were due to the company:

2024 2023
£    £   
Manor Studios Ltd 519,585 512,285
Magna Assets Ltd 8,050 8,050
Accounts Realtime Ltd 40,000 40,000
Great Northern Hotel (UK) Ltd 34,603 34,603


At the balance sheet date, the following amounts within other creditors were owed by the company

2024 2023
£    £   
Heritage Rocks Ltd 310,000 310,000
MRM47 Ltd 174,827 166,532
DBC Stores Ltd 132,325 110,825
The Royal Hotel (Essex) Ltd 88,000 88,000
Seckford Hall Hotel Ltd 30,000 30,000

During the year MRM47 Ltd charged management fees of £72,000 (2023: £72,000).

Mr M Chittenden is a director and shareholder of each of these companies.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is MRM Investment Management Limited by virtue of it's 100% shareholdings in the company. Mr Chittenden is the director and shareholder of this company.