2 2 Ormerod House Limited 09511915 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is marketing consultancy Digita Accounts Production Advanced 6.30.9574.0 true 09511915 2024-04-01 2025-03-31 09511915 2025-03-31 09511915 core:RetainedEarningsAccumulatedLosses 2025-03-31 09511915 core:ShareCapital 2025-03-31 09511915 core:CurrentFinancialInstruments 2025-03-31 09511915 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09511915 core:FurnitureFittings 2025-03-31 09511915 core:PlantMachinery 2025-03-31 09511915 bus:SmallEntities 2024-04-01 2025-03-31 09511915 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09511915 bus:FilletedAccounts 2024-04-01 2025-03-31 09511915 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09511915 bus:RegisteredOffice 2024-04-01 2025-03-31 09511915 bus:Director1 2024-04-01 2025-03-31 09511915 bus:Director2 2024-04-01 2025-03-31 09511915 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 09511915 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 09511915 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09511915 bus:Agent1 2024-04-01 2025-03-31 09511915 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 09511915 core:ShareCapital 2024-04-01 2025-03-31 09511915 core:FurnitureFittings 2024-04-01 2025-03-31 09511915 core:OfficeEquipment 2024-04-01 2025-03-31 09511915 core:PlantMachinery 2024-04-01 2025-03-31 09511915 countries:England 2024-04-01 2025-03-31 09511915 2024-03-31 09511915 core:RetainedEarningsAccumulatedLosses 2024-03-31 09511915 core:ShareCapital 2024-03-31 09511915 core:FurnitureFittings 2024-03-31 09511915 core:PlantMachinery 2024-03-31 09511915 2023-04-01 2024-03-31 09511915 2024-03-31 09511915 core:CurrentFinancialInstruments 2024-03-31 09511915 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09511915 core:FurnitureFittings 2024-03-31 09511915 core:PlantMachinery 2024-03-31 09511915 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09511915 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 09511915 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09511915 core:ShareCapital 2023-04-01 2024-03-31 09511915 2023-03-31 09511915 core:RetainedEarningsAccumulatedLosses 2023-03-31 09511915 core:ShareCapital 2023-03-31 xbrli:pure iso4217:GBP

Registration number: 09511915

Ormerod House Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Ormerod House Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 9

 

Ormerod House Limited

Company Information

Directors

Mrs J G King

Mr S A King

Registered office

Ormerod House
Blackpool Old Road
Little Eccleston
Preston
PR3 0YQ

Accountants

Rotherham Taylor Limited
Chartered Accountants21 Navigation Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

 

Ormerod House Limited

(Registration number: 09511915)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

3,771

4,172

Current assets

 

Debtors

5

215

167

Cash at bank and in hand

 

28,914

16,315

 

29,129

16,482

Creditors: Amounts falling due within one year

6

(11,845)

(13,415)

Net current assets

 

17,284

3,067

Total assets less current liabilities

 

21,055

7,239

Provisions for liabilities

(716)

(793)

Net assets

 

20,339

6,446

Capital and reserves

 

Called up share capital

30

30

Retained earnings

20,309

6,416

Shareholders' funds

 

20,339

6,446

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Ormerod House Limited

(Registration number: 09511915)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 3 June 2025 and signed on its behalf by:
 

.........................................
Mr S A King
Director

   
     
 

Ormerod House Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

Share capital
£

Profit and loss account
£

Total
£

At 1 April 2024

30

6,416

6,446

Profit for the year

-

26,393

26,393

Total comprehensive income

-

26,393

26,393

Dividends

-

(12,500)

(12,500)

At 31 March 2025

30

20,309

20,339

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

30

2,702

2,732

Profit for the year

-

33,214

33,214

Dividends

-

(29,500)

(29,500)

At 31 March 2024

30

6,416

6,446

 

Ormerod House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Ormerod House
Blackpool Old Road
Little Eccleston
Preston
PR3 0YQ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of consultancy services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ormerod House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% straight line

Plant and machinery

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Ormerod House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Ormerod House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Office equipment
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2024

10,605

5,883

16,488

Additions

1,422

-

1,422

Disposals

(244)

-

(244)

At 31 March 2025

11,783

5,883

17,666

Depreciation

At 1 April 2024

9,602

2,714

12,316

Charge for the year

956

769

1,725

Eliminated on disposal

(146)

-

(146)

At 31 March 2025

10,412

3,483

13,895

Carrying amount

At 31 March 2025

1,371

2,400

3,771

At 31 March 2024

1,003

3,169

4,172

5

Debtors

Current

2025
£

2024
£

Prepayments

215

167

 

215

167

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

194

1,908

Taxation and social security

 

10,132

10,077

Accruals and deferred income

 

1,519

1,430

 

11,845

13,415

 

Ormerod House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Loans and borrowings

2025
£

2024
£

Current loans and borrowings

Director's current account

194

1,908

The director’s current account is non-interest bearing and has no formal repayment terms.

8

Dividends

Interim dividends paid

2025
£

2024
£

Interim dividend of £100.00 (2024 - £200.00) per each Ordinary share

2,000

4,000

Interim dividend of £1,050.00 (2024 - £2,550.00) per each Ordinary A share

10,500

25,500

12,500

29,500