REGISTERED NUMBER: 05853080 (England and Wales)

ORTON PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr S J Smart

Mr J A Smart

REGISTERED OFFICE:

162 Narborough Road

Leicester

Leicestershire

LE3 0BW

REGISTERED NUMBER:

05853080 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Orton Properties Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Orton Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Orton Properties Limited and state those matters that we have agreed to state to the Board of Directors of Orton Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Orton Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Orton Properties 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 Orton Properties Limited. You consider that Orton Properties 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 Orton Properties 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.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

29 October 2025

FIXED ASSETS

Intangible assets

4

263,125

99,375

Tangible assets

5

39,262

42,147

Investments

6

32,449

157,820

334,836

299,342

CURRENT ASSETS

Debtors

7

10,038

15,638

Cash at bank and in hand

268,239

182,846

278,277

198,484

CREDITORS

Amounts falling due within one year

8

430,865

408,169

NET CURRENT LIABILITIES

(152,588

)

(209,685

)

TOTAL ASSETS LESS CURRENT LIABILITIES

182,248

89,657

CREDITORS

Amounts falling due after more than one year

9

(7,937

)

(34,140

)

PROVISIONS FOR LIABILITIES

(4,980

)

(2,996

)

NET ASSETS

169,331

52,521

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

169,231

52,421

SHAREHOLDERS' FUNDS

169,331

52,521

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 29 October 2025 and were signed on its behalf by:

Mr S J Smart - Director

1.	STATUTORY INFORMATION

Orton Properties 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.

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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business and is shown net of value added tax.

Revenue from the supply of services is recognised when:

- the amount of the revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the entity; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill

Goodwill is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences have been fully amortised.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 April 2024

368,629

1,375

370,004

Additions

262,500

-

262,500

At 31 March 2025

631,129

1,375

632,504

AMORTISATION

At 1 April 2024

269,254

1,375

270,629

Amortisation for year

98,750

-

98,750

At 31 March 2025

368,004

1,375

369,379

NET BOOK VALUE

At 31 March 2025

263,125

-

263,125

At 31 March 2024

99,375

-

99,375

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

9,319

48,962

63,857

27,575

149,713

Additions

-

-

-

5,945

5,945

At 31 March 2025

9,319

48,962

63,857

33,520

155,658

DEPRECIATION

At 1 April 2024

9,319

41,726

33,711

22,810

107,566

Charge for year

-

724

5,428

2,678

8,830

At 31 March 2025

9,319

42,450

39,139

25,488

116,396

NET BOOK VALUE

At 31 March 2025

-

6,512

24,718

8,032

39,262

At 31 March 2024

-

7,236

30,146

4,765

42,147

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

63,857

DEPRECIATION

At 1 April 2024

33,711

Charge for year

5,428

At 31 March 2025

39,139

NET BOOK VALUE

At 31 March 2025

24,718

At 31 March 2024

30,146

6.	FIXED ASSET INVESTMENTS

Other

loans

£

At 1 April 2024

157,820

Other movement

(125,371

)

At 31 March 2025

32,449

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,025

4,548

Other debtors

8,013

11,090

10,038

15,638

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

28,826

8,186

Trade creditors

5,154

15,309

Taxation and social security

67,044

77,592

Other creditors

329,841

307,082

430,865

408,169

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

7,937

34,140

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr S J Smart

Balance outstanding at start of year

332

-

Amounts advanced

-

332

Amounts repaid

(332

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

332

Mr J A Smart

Balance outstanding at start of year

35

35

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

35

35