IRIS Accounts Production v25.1.3.33 08088398 Board of Directors Board of Directors 1.9.23 31.8.24 31.8.24 29.5.25 false true false false true false Auditors Opinion Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080883982023-08-31080883982024-08-31080883982023-09-012024-08-31080883982022-08-31080883982022-09-012023-08-31080883982023-08-3108088398ns15:EnglandWales2023-09-012024-08-3108088398ns14:PoundSterling2023-09-012024-08-3108088398ns10:Director12023-09-012024-08-3108088398ns10:Director22023-09-012024-08-3108088398ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3108088398ns10:SmallEntities2023-09-012024-08-3108088398ns10:Audited2023-09-012024-08-3108088398ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3108088398ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3108088398ns10:FullAccounts2023-09-012024-08-3108088398ns10:RegisteredOffice2023-09-012024-08-3108088398ns5:CurrentFinancialInstruments2024-08-3108088398ns5:CurrentFinancialInstruments2023-08-3108088398ns5:Non-currentFinancialInstruments2024-08-3108088398ns5:Non-currentFinancialInstruments2023-08-3108088398ns5:ShareCapital2024-08-3108088398ns5:ShareCapital2023-08-3108088398ns5:FurtherSpecificReserve1ComponentTotalEquity2024-08-3108088398ns5:FurtherSpecificReserve1ComponentTotalEquity2023-08-3108088398ns5:RetainedEarningsAccumulatedLosses2024-08-3108088398ns5:RetainedEarningsAccumulatedLosses2023-08-3108088398ns5:PlantMachinery2023-09-012024-08-3108088398ns5:PlantMachinery2023-08-3108088398ns5:PlantMachinery2024-08-3108088398ns5:PlantMachinery2023-08-3108088398ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3108088398ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3108088398ns5:Secured2024-08-3108088398ns5:Secured2023-08-31
REGISTERED NUMBER: 08088398 (England and Wales)














Financial Statements for the Year Ended 31 August 2024

for

Oregon & Ratcliffe Ltd

Oregon & Ratcliffe Ltd (Registered number: 08088398)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Oregon & Ratcliffe Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A J Beer
D C Brewitt





REGISTERED OFFICE: Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW





REGISTERED NUMBER: 08088398 (England and Wales)





AUDITORS: Douglas Fairless Partnership
Chartered Certified Accountants
and Statutory Auditors
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

Oregon & Ratcliffe Ltd (Registered number: 08088398)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 17,955 21,124
Investment property 5 14,310,450 13,629,000
14,328,405 13,650,124

CURRENT ASSETS
Debtors 6 422,930 382,424
Cash at bank 10,389 5,686
433,319 388,110
CREDITORS
Amounts falling due within one year 7 693,818 658,993
NET CURRENT LIABILITIES (260,499 ) (270,883 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,067,906

13,379,241

CREDITORS
Amounts falling due after more than one year 8 (7,091,000 ) (7,091,000 )

PROVISIONS FOR LIABILITIES (1,699,021 ) (1,523,847 )
NET ASSETS 5,277,885 4,764,394

CAPITAL AND RESERVES
Called up share capital 2 2
Non-Dist Retained Earnings 5,267,282 4,756,195
Retained earnings 10,601 8,197
SHAREHOLDERS' FUNDS 5,277,885 4,764,394

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 Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:




A J Beer - Director



D C Brewitt - Director


Oregon & Ratcliffe Ltd (Registered number: 08088398)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Oregon & Ratcliffe 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 as modified by the revaluation of certain assets.

Turnover
The turnover in the profit & loss account represents revenue recognised on accrued rental contracts in place during the period exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The Investment Property is initially recognised at cost; cost includes the purchase cost, costs of development to bring the site into use and any other directly attributable expenditure. Subsequently, it is measured at fair value at the reporting date. The surplus or deficit on revaluation is recognised in the profit & loss account.

The fair value surplus and deficits recognised in the profit loss account are non-distributable reserves and are shown separately on the face of the balance sheet as non-distributable retained earnings. The amounts held in non-distributable reserves for the fair value adjustments are shown after providing for deferred taxation.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from third parties and loans to and from related parties.

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.

Oregon & Ratcliffe Ltd (Registered number: 08088398)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 56,010
DEPRECIATION
At 1 September 2023 34,886
Charge for year 3,169
At 31 August 2024 38,055
NET BOOK VALUE
At 31 August 2024 17,955
At 31 August 2023 21,124

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 13,629,000
Revaluations 681,450
At 31 August 2024 14,310,450
NET BOOK VALUE
At 31 August 2024 14,310,450
At 31 August 2023 13,629,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2017 1,742,593
Valuation in 2020 3,075,000
Valuation in 2022 875,000
Valuation in 2023 649,000
Valuation in 2024 681,450
Cost 7,287,407
14,310,450

Oregon & Ratcliffe Ltd (Registered number: 08088398)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. INVESTMENT PROPERTY - continued

If Investment property had not been revalued it would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 7,287,407 7,287,407

Investment property was valued on an open market basis on 31 August 2024 by the directors. .

The directors have assessed the market value of the investment property at the end of the reporting period and compared it to the market value at the previous professional valuation. The market value of the investment property has been adjusted to reflect the directors assessment of the change in the fair value . The directors have extensive knowledge and experience in the local property market to enable them to be able to make this assessment.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 356,422 314,496
Other debtors 66,508 67,928
422,930 382,424

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 8,163 9,085
Taxation and social security 1,423 345
Other creditors 684,232 649,563
693,818 658,993

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 7,091,000 7,091,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 7,091,000 7,091,000

Svenska Handelsbanken Ab (Publ) have a charge over the property known as the freehold land being on the north-east side of caryl street, liverpool and registered at land registry under title number MS623611.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Gregory Newton (Senior Statutory Auditor)
for and on behalf of Douglas Fairless Partnership

Oregon & Ratcliffe Ltd (Registered number: 08088398)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

11. ULTIMATE PARENT COMPANY

The ultimate parent company is Carpenter Investments Ltd.

The registered office of the parent is as follows.

Seymour Chambers
92 London Road
Liverpool
L3 5NW