Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08683074 Mrs Bryony Williams Mr Matthew Williams Little Orchard Properties Holdings Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08683074 2023-12-31 08683074 2024-12-31 08683074 2024-01-01 2024-12-31 08683074 frs-core:CurrentFinancialInstruments 2024-12-31 08683074 frs-core:Non-currentFinancialInstruments 2024-12-31 08683074 frs-core:FurnitureFittings 2024-12-31 08683074 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08683074 frs-core:FurnitureFittings 2023-12-31 08683074 frs-core:MotorVehicles 2024-12-31 08683074 frs-core:MotorVehicles 2024-01-01 2024-12-31 08683074 frs-core:MotorVehicles 2023-12-31 08683074 frs-core:RevaluationReserve 2023-12-31 08683074 frs-core:RevaluationReserve 2024-12-31 08683074 frs-core:ShareCapital 2024-12-31 08683074 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08683074 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08683074 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08683074 frs-bus:SmallEntities 2024-01-01 2024-12-31 08683074 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08683074 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08683074 1 2024-01-01 2024-12-31 08683074 frs-bus:Director1 2024-01-01 2024-12-31 08683074 frs-bus:Director2 2024-01-01 2024-12-31 08683074 frs-core:CurrentFinancialInstruments 1 2024-12-31 08683074 frs-countries:EnglandWales 2024-01-01 2024-12-31 08683074 2022-12-31 08683074 2023-12-31 08683074 2023-01-01 2023-12-31 08683074 frs-core:CurrentFinancialInstruments 2023-12-31 08683074 frs-core:Non-currentFinancialInstruments 2023-12-31 08683074 frs-core:RevaluationReserve 2023-12-31 08683074 frs-core:ShareCapital 2023-12-31 08683074 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08683074 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 08683074
Little Orchard Properties Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
The Accountancy People Manchester Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08683074
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,616 23,488
Investment Properties 5 2,409,195 2,409,195
2,426,811 2,432,683
CURRENT ASSETS
Debtors 6 511,140 454,739
Cash at bank and in hand 77,628 96,196
588,768 550,935
Creditors: Amounts Falling Due Within One Year 7 (344,319 ) (339,355 )
NET CURRENT ASSETS (LIABILITIES) 244,449 211,580
TOTAL ASSETS LESS CURRENT LIABILITIES 2,671,260 2,644,263
Creditors: Amounts Falling Due After More Than One Year 8 (1,375,822 ) (1,379,144 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (153,353 ) (153,353 )
NET ASSETS 1,142,085 1,111,766
CAPITAL AND RESERVES
Called up share capital 9 300 300
Revaluation reserve 10 912,306 912,306
Profit and Loss Account 229,479 199,160
SHAREHOLDERS' FUNDS 1,142,085 1,111,766
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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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Williams
Director
29 September 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Little Orchard Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08683074 . The registered office is 8 Tinners Way, New Polzeath, Wadebridge, Cornwall, PL27 6UH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 5
Fixtures & Fittings 4 years straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 29,360 1,058 30,418
As at 31 December 2024 29,360 1,058 30,418
Depreciation
As at 1 January 2024 5,872 1,058 6,930
Provided during the period 5,872 - 5,872
As at 31 December 2024 11,744 1,058 12,802
Net Book Value
As at 31 December 2024 17,616 - 17,616
As at 1 January 2024 23,488 - 23,488
5. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 2,409,195
6. Debtors
2024 2023
£ £
Due within one year
Corporation tax recoverable assets - 1,830
Due after more than one year
Other debtors 511,140 452,909
511,140 454,739
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Bank loans and overdrafts 4,081 4,081
Corporation tax 8,267 -
Other creditors 47,582 35,984
Other creditors (1) 42 -
Accruals and deferred income 618 191
Directors' loan accounts 283,729 299,100
344,319 339,355
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,375,822 1,379,144
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Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
10. Reserves
Revaluation Reserve
£
As at 1 January 2024 912,306
As at 31 December 2024 912,306
11. Related Party Transactions
Included in other debtors is £193,098.85 (2023 £206,848.85) owed from Little Orchard Properties 2 Limited, a company in which M Williams is also a director.
Included in other debtors is £218,000.00 (2023 £146,060.00) owed from Everett Road 2 Limited, a company in which M Williams is also a director.
12. Ultimate Controlling Party
The company's ultimate controlling party is Little Orchard Properties Holdings Limited by virtue of his ownership of 100% of the issued share capital in the company.
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