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REGISTERED NUMBER: 09888904 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Orchards Homes Limited

Orchards Homes Limited (Registered number: 09888904)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Orchards Homes Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mrs L J Robinson
Mr S T Robinson





REGISTERED OFFICE: The Orchards
Church Lane
Attenborough
Nottingham
NG9 6AS





REGISTERED NUMBER: 09888904 (England and Wales)





ACCOUNTANTS: Mellor Oxland LLP
Hine House
25 Regent Street
Nottingham
Nottinghamshire
NG1 5BS

Orchards Homes Limited (Registered number: 09888904)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,132 1,239
Investment property 5 560,000 540,000
561,132 541,239

CURRENT ASSETS
Debtors 6 5,800 6,058
Cash at bank 13,790 11,160
19,590 17,218
CREDITORS
Amounts falling due within one year 7 82,536 91,293
NET CURRENT LIABILITIES (62,946 ) (74,075 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,186

467,164

CREDITORS
Amounts falling due after more than one
year

8

(215,588

)

(215,588

)

PROVISIONS FOR LIABILITIES (41,487 ) (37,707 )
NET ASSETS 241,111 213,869

CAPITAL AND RESERVES
Called up share capital 2 2
Property revaluation reserve 10 196,843 180,643
Retained earnings 10 44,266 33,224
SHAREHOLDERS' FUNDS 241,111 213,869

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

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

The directors acknowledge their 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.

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 4 August 2025 and were signed on its behalf by:



Mr S T Robinson - Director


Orchards Homes Limited (Registered number: 09888904)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Orchards Homes Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover represents rental income arising from the management of freehold property.

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 - 25% on cost

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date, with changes in fair value recognised in the profit and loss. The fair value of the investment properties was determined by the directors reference to reports from their managing agents who use current market prices for comparable property, adjusted for any differences in nature, location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Orchards Homes Limited (Registered number: 09888904)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 3,884
DEPRECIATION
At 1 December 2023 2,645
Charge for year 107
At 30 November 2024 2,752
NET BOOK VALUE
At 30 November 2024 1,132
At 30 November 2023 1,239

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 540,000
Revaluations 20,000
At 30 November 2024 560,000
NET BOOK VALUE
At 30 November 2024 560,000
At 30 November 2023 540,000

Historic cost of investment properties: 2024 £321,858 (2023 £321,858 ).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,800 6,058

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,750 1,900
Taxation and social security 3,080 2,181
Other creditors 77,706 87,212
82,536 91,293

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 215,588 215,588

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgages 215,588 215,588

Orchards Homes Limited (Registered number: 09888904)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
One Savings Bank 109,754 109,754
One Savings Bank 105,834 105,834
215,588 215,588

The investment properties, 2 Hart Street, Lenton, Nottingham and 4 Brailsford Road, Dunkirk, Nottingham are secured by charges in favour of One Savings Bank.

10. RESERVES
Property
Retained revaluation
earnings reserve Totals
£    £    £   

At 1 December 2023 33,224 180,643 213,867
Profit for the year 29,242 29,242
Dividends (2,000 ) (2,000 )
Transfer (16,200 ) 16,200 -
At 30 November 2024 44,266 196,843 241,109

Profit and loss reserves include undistributable reserves of £196,843 relating to the revaluation of investment property.