Orion Properties (Midlands) Ltd

Orion Properties (Midlands) Ltd
Contents Page
For the year ended 31 January 2025

Statement of financial position	1
Notes to the financial statements	2

Registered Number: 13878960 Orion Properties (Midlands) Ltd
Statement of Financial Position
As at 31 January 2025

	Notes	2025 £	2024 £
Fixed assets
Investments	3	2,136,000	2,240,000
		2,136,000	2,240,000
Current assets
Debtors		96	96
Cash at bank and in hand		58,588	3,832
		58,684	3,928
Creditors: amount falling due within one year		(1,242,726)	(1,328,391)
Net current assets		(1,184,042)	(1,324,463)

Total assets less current liabilities		951,958	915,537
Provisions for liabilities		(79,504)	(45,209)
Net assets		872,454	870,328

Capital and reserves
Called up share capital	4	300	300
Share premium account		640,900	640,900
Revaluation Reserve		319,883	192,733
Profit and loss account		(88,629)	36,395
Shareholders' funds		872,454	870,328

For the year ended 31 January 2025 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The directors of the company have elected not to include the Income Statement within the financial statements.

The financial statements were approved by the board of directors on 08 December 2025 and were signed on its behalf by:

-------------------------------
A S Parmar
Director

1

Orion Properties (Midlands) Ltd
Notes to the Abridged Financial Statements
For the year ended 31 January 2025

General Information

Orion Properties (Midlands) Ltd is a private company limited by shares and is incorporated in England and Wales. The address of the registered office is 31 Constance Avenue, West Bromwich, West Midlands, B70 6ED. The nature of the company's operations and its principal activity was that of property investment.

1.

Accounting policies

Significant accounting policies

The company's financial statements have been prepared in compliance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements comprise the unaudited financial statements of the company up to 31 January each year, and are stated in pound sterling, the company's functional and presentational currency.

The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the years presented, unless otherwise stated.

Turnover

Turnover comprises rental income receivable during the period.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Deferred tax is measured using 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. 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. Current and deferred tax assets and liabilities are not discounted.

Investment properties

Investment properties are measured at fair value annually with any change recognised in the profit and loss account. Unrealised gains or losses (net of related deferred tax) are transferred from retained earnings to a separate revaluation reserve.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Employees and Directors' Average number of employees during the year was 2 (2024 : 2).

3.

Investments

Cost	Investments in group undertakings	Other investments other than loans	Total
	£	£	£
At 01 February 2024	180,000	2,060,000	2,240,000
Additions	-	132,291	132,291
Disposals	-	(420,251)	(420,251)
Revaluations	-	183,960	183,960
At 31 January 2025	180,000	1,956,000	2,136,000

4.

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
10,000 Ordinary shares of £0.01 each	100	100
10,000 Class A shares of £0.01 each	100	100
10,000 Class B shares of £0.01 each	100	100
	300	300

2

Registered Number: 13878960
England and Wales
Abridged Accounts

for the year ended 31 January 2025
for
ORION PROPERTIES (MIDLANDS) LTD