Company Registration No. 14336884 (England and Wales)
ORRELL PROPERTY INVESTMENTS LIMITED
Unaudited accounts
for the year ended 31 March 2025
ORRELL PROPERTY INVESTMENTS LIMITED
Statement of financial position
as at 31 March 2025
Investment property
140,000
140,000
Cash at bank and in hand
7,987
5,201
Creditors: amounts falling due within one year
(49,824)
(49,800)
Net current liabilities
(41,035)
(43,797)
Total assets less current liabilities
98,965
96,203
Creditors: amounts falling due after more than one year
(81,398)
(81,407)
Provisions for liabilities
Deferred tax
(4,691)
(4,691)
Called up share capital
2
2
Fair value reserve
24,689
24,689
Profit and loss account
(11,815)
(14,586)
Shareholders' funds
12,876
10,105
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by
Chelsea Leanne Orrell
Director
Company Registration No. 14336884
ORRELL PROPERTY INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
ORRELL PROPERTY INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14336884. The registered office is 5 FAIRFIELD AVENUE, ROSSENDALE, BB4 9TG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2024
140,000
The Directors have considered and sought professional valuations on the current market value of the investment property and deem this is inline with the carrying value shown in the accounts.
Amounts falling due within one year
ORRELL PROPERTY INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
4,272
4,272
Loans from directors
44,250
44,226
7
Creditors: amounts falling due after more than one year
2025
2024
8
Transactions with related parties
Included within Creditors : amounts due within one year are amounts of £22,125 (2024 : £22,113) owing to Mrs. Chelsea Orrell and £22,125 (2024 : £22,113) owing to Mr. Anthony Orrell both Director's of the Company.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).