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Registered number: NI683393
Orby Capital Ltd
Unaudited
Financial statements
Information for filing with the registrar
For the Period Ended 31 August 2024
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Orby Capital Ltd
Registered number: NI683393
Balance Sheet
As at 31 August 2024
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Debtors: amounts falling due after more than one year
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Page 1
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Orby Capital Ltd
Registered number: NI683393
Balance Sheet (continued)
As at 31 August 2024
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 April 2025.
The notes on pages 3 to 7 form part of these financial statements.
Page 2
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Orby Capital Ltd
Notes to the Financial Statements
For the Period Ended 31 August 2024
The company is a private limited company and is domiciled in the United Kingdom. The address of its registered office is 20 Orby Link, Belfast, Antrim, United Kingdom, BT5 5HU. The Company's principal activity during the financial year was that of an investment company.
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Period of financial statements
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The financial statements are for the 10 month period ended 31 August 2024.
3.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
The directors have assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
Investments in subsidiaries are measured at cost less accumulated impairment.
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Associates and joint ventures
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Associates and Joint Ventures are held at cost less impairment.
Page 3
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Orby Capital Ltd
Notes to the Financial Statements
For the Period Ended 31 August 2024
3.Accounting policies (continued)
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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The average monthly number of employees, including directors, during the period was 1 (2023 - 1).
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Investments in subsidiary companies
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Investments in associates
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Page 4
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Orby Capital Ltd
Notes to the Financial Statements
For the Period Ended 31 August 2024
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Due after more than one year
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Amounts owed by group undertakings
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Amounts owed by group undertakings
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Prepayments and accrued income
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Page 5
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Orby Capital Ltd
Notes to the Financial Statements
For the Period Ended 31 August 2024
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Creditors: Amounts falling due after more than one year
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Bank loans are secured upon a charge over the shares and assets a subsidiary company.
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 1-2 years
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Amounts falling due 2-5 years
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Allotted, called up and fully paid
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1,044 (2023 - 1,044) Ordinary shares of £1.00 each
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Page 6
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Orby Capital Ltd
Notes to the Financial Statements
For the Period Ended 31 August 2024
Share premium account
Share premium represents the excess of the issue price over the par value on shares issued less any transaction costs arising on issue.
Profit and loss account
Includes all current and prior year retained profits and losses.
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Related party transactions
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There are no related party transactions that require disclosure.
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The director is deemed to be the ultimate controlling party by virtue of their shareholding.
Page 7
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