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Registration number: 12205886

Orchard View Estates Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Orchard View Estates Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Orchard View Estates Limited

Company Information

Directors

Mr Greville Richard Henry Ball

Mr Howard William Ball

Registered office

8th Floor
1 Southampton Street
London
WC2R 0LR

Accountants

Charter Tax Consulting Limited 8th Floor
1 Southampton Street
London
WC2R 0LR

 

Orchard View Estates Limited

(Registration number: 12205886)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,557

3,409

Investment property

5

8,027,500

8,744,950

Investments

6

3,260,883

3,265,358

 

11,290,940

12,013,717

Current assets

 

Debtors

7

44,078

44,551

Cash at bank and in hand

 

22,335

252,212

 

66,413

296,763

Creditors: Amounts falling due within one year

8

(3,655,202)

(3,853,931)

Net current liabilities

 

(3,588,789)

(3,557,168)

Net assets

 

7,702,151

8,456,549

Capital and reserves

 

Called up share capital

9

3,351

3,351

Share premium reserve

7,509,743

7,509,743

Retained earnings

189,057

943,455

Shareholders' funds

 

7,702,151

8,456,549

 

Orchard View Estates Limited

(Registration number: 12205886)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 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.

Approved and authorised by the Board on 26 June 2025 and signed on its behalf by:
 


Mr Greville Richard Henry Ball
Director


Mr Howard William Ball
Director

 

Orchard View Estates Limited

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

1

General information

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

The address of its registered office is:
8th Floor
1 Southampton Street
London
WC2R 0LR
U.K.

These financial statements were authorised for issue by the Board on 26 June 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable through the letting of residential properties. Turnover is shown net of sales/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 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.

 

Orchard View Estates Limited

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

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

Plant and machinery

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Investments in subsidiaries are measured at fair value with changes in fair value recognised in the profit or loss

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.

Trade debtors

Trade debtors are amounts due from customers for services provided in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Orchard View Estates Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Orchard View Estates Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

6,060

6,060

At 30 September 2024

6,060

6,060

Depreciation

At 1 October 2023

2,651

2,651

Charge for the year

852

852

At 30 September 2024

3,503

3,503

Carrying amount

At 30 September 2024

2,557

2,557

At 30 September 2023

3,409

3,409

5

Investment properties

2024
£

At 1 October

8,744,950

Additions

181,256

Fair value adjustments

(898,706)

At 30 September

8,027,500

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors and independent valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

A valuation report for the investment properties held by the company was prepared by an independent valuer in February 2024. The directors have reviewed the fair value of the properties at the year end compared to the independent valuation report dated February 2024 and have deemed there to be no change between these dates.

 

Orchard View Estates Limited

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

6

Investments

2024
£

2023
£

Investments in subsidiaries

3,260,883

3,265,358

Subsidiaries

£

Cost or valuation

At 1 October 2023

3,265,358

Revaluation

(4,475)

At 30 September 2024

3,260,883

Carrying amount

At 30 September 2024

3,260,883

At 30 September 2023

3,265,358

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Teign Estates Ltd

Grant Thornton Ltd
St James's Place
St. James Street
St. Peter Port
GY1 2NZ
Guernsey

Ordinary shares

99.92%

99.92%

7

Debtors

Current

2024
£

2023
£

Trade debtors

13,989

13,054

Prepayments

23,685

24,607

Other debtors

6,404

6,890

 

44,078

44,551

 

Orchard View Estates Limited

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

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

50,494

57,082

Accruals and deferred income

3,965

3,376

Other creditors

3,600,743

3,793,473

3,655,202

3,853,931

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

3,351

3,351

3,351

3,351

       

10

Related party transactions

Summary of transactions with subsidiaries

Teign Estates Limited (Subsidiary Company) Teign Estates Ltd loaned the company a further £160,009 (2023: Nil) in the year. The company paid expenses on behalf of Teign Estates Ltd of £8,250 (2023: £1,500) in the year. At the balance sheet date the amount due to Teign Estates Ltd was £3,260,884 (2023: £3,109,125).

The loan is interest free and repayable on demand.

11

Parent and ultimate parent undertaking

The company's immediate parent is Orchard View Investments Ltd, incorporated in England & Wales.