Orion Estates and Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC477283

Orion Estates and Investments Limited

Filleted Unaudited Financial Statements

31 December 2024

Orion Estates and Investments Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Orion Estates and Investments Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Orion Estates and Investments Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Orion Estates and Investments Limited for the year ended 31 December 2024, which comprise the 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Orion Estates and Investments Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Orion Estates and Investments Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orion Estates and Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Orion Estates and Investments 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 Orion Estates and Investments Limited. You consider that Orion Estates and Investments Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Orion Estates and Investments 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.

GILLILAND & COMPANY Chartered Accountants

216 West George Street Glasgow G2 2PQ

18 September 2025

Orion Estates and Investments Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	4	350,000	350,000
Investments	5	200	200
		---------	---------
		350,200	350,200

Current assets

Debtors	6	836,247	836,383
Cash at bank and in hand		49,912	34,150
		---------	---------
		886,159	870,533

Creditors: amounts falling due within one year	7	617,942		617,599
		---------		---------
Net current assets			268,217	252,934
			---------	---------
Total assets less current liabilities			618,417	603,134

Creditors: amounts falling due after more than one year	8	62,701	64,991
		---------	---------
Net assets		555,716	538,143
		---------	---------

Capital and reserves

Called up share capital	217	217
Share premium account	49,978	49,978
Revaluation reserve	( 28,064)	( 28,064)
Capital redemption reserve	200,005	200,005
Profit and loss account	333,580	316,007
	---------	---------
Shareholders funds	555,716	538,143
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;

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

Orion Estates and Investments Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

Mr C M Taylor

Director

Company registration number: SC477283

Orion Estates and Investments Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 160 West George Street, Glasgow, G2 2HQ, Scotland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

4. Tangible assets

	Freehold property
	£
Cost
At 1 January 2024 and 31 December 2024	350,000
	---------
Depreciation
At 1 January 2024 and 31 December 2024	–
	---------
Carrying amount
At 31 December 2024	350,000
	---------
At 31 December 2023	350,000
	---------

The company's investment property was transferred from its subsidiary Holland House Property Investments Limited for a value of £378,064 in November 2019. The property was valued to £350,000 and is considered to be the valuation at the year end.

5. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	200
	----
Impairment
At 1 January 2024 and 31 December 2024	–
	----

Carrying amount
At 31 December 2024	200
	----
At 31 December 2023	200
	----

6. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	835,828	835,828
Other debtors	419	555
	---------	---------
	836,247	836,383
	---------	---------

Amounts owed by group undertakings are unsecured, interest free and have no fixed repayment date.

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	1,505	1,505
Amounts owed to group undertakings and undertakings in which the company has a participating interest	607,394	607,394
Corporation tax	4,122	3,779
Other creditors	4,921	4,921
	---------	---------
	617,942	617,599
	---------	---------

Amounts owed to group undertakings are unsecured, interest free and have no fixed repayment date.

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	62,701	64,991
	--------	--------

The company has granted a 1st standard security and a bond and floating charge in favour of its bankers over its bank loan.

9. Related party transactions

The company provided loan funds to its subsidiary, Orion Developments and Investments Limited. As at 31 December 2024 the company was owed £835,828 (2023: £835,828). The company was provided with loan funds from its subsidiary, Holland House Property Investments Limited. As at 31 December 2024 the company owed £607,394 to its subsidiary (2023: £607,394).

10. Controlling party

The company is under the control of the directors.