REGISTERED NUMBER: 13111212 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

ORCHARD PROPERTIES (MIDDLESBROUGH)

LIMITED

PREVIOUSLY KNOWN AS

ORCHARD PROPERTIES HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C A Wermerling

Ms K Roast

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

13111212 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

2,805

3,678

Investment property

5

430,000

500,000

432,805

503,678

CURRENT ASSETS

Debtors

6

13,016

10,755

Cash at bank and in hand

38,058

34,267

51,074

45,022

CREDITORS

Amounts falling due within one year

7

409,450

421,336

NET CURRENT LIABILITIES

(358,376

)

(376,314

)

TOTAL ASSETS LESS CURRENT LIABILITIES

74,429

127,364

PROVISIONS FOR LIABILITIES

7,808

19,234

NET ASSETS

66,621

108,130

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

23,425

81,999

Retained earnings

43,096

26,031

SHAREHOLDERS' FUNDS

66,621

108,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 27 October 2025 and were signed on its behalf by:

C A Wermerling - Director

Ms K Roast - Director

1.	STATUTORY INFORMATION

Orchard Properties (Middlesbrough) 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss and then transferred to a revaluation reserve.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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.

Turnover

Turnover represents the following types of income

- Rental income

- Income from the sale of properties

All income is recognised on a receivable basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 February 2024

6,863

Additions

1,024

At 31 January 2025

7,887

DEPRECIATION

At 1 February 2024

3,185

Charge for year

1,897

At 31 January 2025

5,082

NET BOOK VALUE

At 31 January 2025

2,805

At 31 January 2024

3,678

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

500,000

Revaluations

(70,000

)

At 31 January 2025

430,000

NET BOOK VALUE

At 31 January 2025

430,000

At 31 January 2024

500,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2023

101,233

Valuation in 2025

(70,000

)

Cost

398,767

430,000

The fair value of the company's investment property at 31 January 2025 has been arrived at on the basis of a valuation carried out at that date by the directors. The valuation was arrived at by reference to market evidence of transaction prices for similar properties.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,881

1,403

Other debtors

8,000

8,000

Prepayments

1,135

1,352

13,016

10,755

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

3,147

3,405

Amounts owed to associates

22,334

18,173

Tax

4,208

5,435

Other creditors

5,108

4,675

Directors' loan accounts

372,026

386,326

Deferred income

1,109

1,942

Accrued expenses

1,518

1,380

409,450

421,336

8.

RESERVES

Revaluation

reserve

£

At 1 February 2024

81,999

Non-distributable reserves

(58,574

)

At 31 January 2025

23,425

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, C Wermerling decreased his loan to the company. As at 31 January 2025, the company owed him £186,463 (2024: £193,362). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

During the year, Ms K Roast decreased her loan to the company. As at 31 January 2025, the company owed her £185,563 (2024: £192,963). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms K Roast.

This was by virtue of her 100% holding of the issued share capital.