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Registration number: 10891567

ORB Innovations Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

ORB Innovations Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

2

 

ORB Innovations Ltd

Company Information

Directors

Mr R Paterson

Mr G S Sasaki

Ms S A Goddard

Registered office

c/o Robert Paterson
5 Cranwood Street
London
EC1V 9GR

Accountants

Vale & West Accountancy Services Limited
Chartered AccountantsVictoria House
26 Queen Victoria Street
Reading
Berkshire
RG1 1TG

 

ORB Innovations Ltd

(Registration number: 10891567)
Balance Sheet as at 31 December 2024

2024
£

2023
£

Fixed assets

27,054

36,867

Current assets

81,866

167,489

Creditors: Amounts falling due within one year

(3,265,903)

(997,595)

Net current liabilities

(3,184,037)

(830,106)

 

(3,156,983)

(793,239)

Capital and reserves

(3,156,983)

(793,239)

1

General information

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

The address of its registered office is:
c/o Robert Paterson
5 Cranwood Street
London
EC1V 9GR

These financial statements were authorised for issue by the Board on 17 September 2025.

Going concern

In adopting the going concern basis for preparing the financial statements, the Directors have considered the Company's current financial position along with the trading forecast to 31 December 2024.

The Parent company has committed to provide continuing financial support for a period of at least 12 months from the date of approval of the financial statements.

As a result, the Directors believe the Company will continue to have adequate resources to meet its liabilities as they fall due and retain sufficient working capital to remain in operation. The Directors therefore consider it appropriate for the company to adopt the going concern basis in preparing its financial statements.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 4).

For the financial 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 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.

 

ORB Innovations Ltd

(Registration number: 10891567)
Balance Sheet as at 31 December 2024 (continued)

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the micro entities regime 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 17 September 2025 and signed on its behalf by:
 

.........................................
Mr R Paterson
Director