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REGISTERED NUMBER: 12509967 (England and Wales)


Orgen Properties Limited

Abridged Unaudited Financial Statements

for the period

1 April 2023 to 30 September 2024






Orgen Properties Limited (Registered number: 12509967)






Contents of the Financial Statements
for the period 1 April 2023 to 30 September 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Orgen Properties Limited

Company Information
for the period 1 April 2023 to 30 September 2024







DIRECTOR: Mr A Orgen





REGISTERED OFFICE: 239-241 Kennington Lane
London
SE11 5QU





REGISTERED NUMBER: 12509967 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Orgen Properties Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Orgen Properties Limited for the period ended 30 September 2024 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Orgen Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Orgen Properties Limited and state those matters that we have agreed to state to the director of Orgen Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orgen Properties Limited and its director for our work or for this report.

It is your duty to ensure that Orgen Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Orgen Properties Limited. You consider that Orgen Properties Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Orgen Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


27 June 2025

Orgen Properties Limited (Registered number: 12509967)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 1,613,489 1,613,489

CURRENT ASSETS
Debtors 4 10,476 50,642
Cash at bank and in hand 38,905 19,123
49,381 69,765
CREDITORS
Amounts falling due within one year 5 324,523 684,100
NET CURRENT LIABILITIES (275,142 ) (614,335 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,338,347

999,154

CREDITORS
Amounts falling due after more than one
year

6

955,629

972,347
NET ASSETS 382,718 26,807

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 382,618 26,707
SHAREHOLDERS' FUNDS 382,718 26,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Orgen Properties Limited (Registered number: 12509967)

Statement of Financial Position - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the period ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:





Mr A Orgen - Director


Orgen Properties Limited (Registered number: 12509967)

Notes to the Financial Statements
for the period 1 April 2023 to 30 September 2024

1. 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from investments in properties. The revenue is recognised on an accrual basis in accordance with the tenancy agreement.

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.

No depreciation is charged on investment property and on the improvement cost under FRS102 standard.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 30 September 2024 1,613,489
NET BOOK VALUE
At 30 September 2024 1,613,489
At 31 March 2023 1,613,489

As required by FRS 102, company director undertook to remeasure the investment properties to fair value at each reporting date. The methods used include online tools and free market valuation from local agents. After the assessment, director concluded that there were no significant movements and that market prices were equal to net book values at the reporting date.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 10,476 50,642

Orgen Properties Limited (Registered number: 12509967)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 September 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,761 10,800
Taxation and social security 8,687 -
Other creditors 302,075 673,300
324,523 684,100

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 354,172 370,894
Other creditors 601,457 601,453
955,629 972,347

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage loan 601,457 601,453

Repayable by instalments
Bank loans more 5 yr by instal 299,127 327,693

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 367,933 381,694
Mortgage loan 601,457 601,453
969,390 983,147

All loans are secured by the company assets.

Orgen Properties Limited (Registered number: 12509967)

Notes to the Financial Statements - continued
for the period 1 April 2023 to 30 September 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 26,707
Profit for the period 408,911
Dividends (53,000 )
At 30 September 2024 382,618

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 September 2024 and the year ended 31 March 2023:

2024 2023
£    £   
Mr A Orgen
Balance outstanding at start of period 47,116 (13,658 )
Amounts advanced 65,729 60,774
Amounts repaid (113,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (155 ) 47,116

11. RELATED PARTY DISCLOSURES

Transactions with member of key management personnel:

The amount owed to related party on the balance sheet date is £155 (2023:The amount owed to company £47,116). An interest-free loan is payable on demand and presented within the creditors' note.


Transactions with entities under common and joint control:

The amount owed to related party on the balance sheet date is £300,000 (2023:£300,000). An interest -free loan is payable on demand and presented within the creditors' note.