Company Registration No. 04363231 (England and Wales)
Orbit Portsmouth Limited
Unaudited accounts
for the year ended 31 March 2025
Orbit Portsmouth Limited
Unaudited accounts
Contents
Orbit Portsmouth Limited
Company Information
for the year ended 31 March 2025
Director
Richard Michael Britten Long
Company Number
04363231 (England and Wales)
Registered Office
THE WICHENFORD ESTATE OFFICE,
THE HILL FARM
WICHENFORD
WORCESTER
WR6 6YY
United Kingdom
Orbit Portsmouth Limited
Statement of financial position
as at 31 March 2025
Tangible assets
2,000,000
2,001,363
Cash at bank and in hand
27,528
35,363
Creditors: amounts falling due within one year
(433,872)
(401,371)
Net current assets
309,648
313,226
Total assets less current liabilities
2,309,648
2,314,589
Creditors: amounts falling due after more than one year
(765,000)
(765,000)
Provisions for liabilities
Deferred tax
(104,500)
(104,500)
Net assets
1,440,148
1,445,089
Called up share capital
4
4
Revaluation reserve
593,766
593,766
Fair value reserve
445,500
445,500
Profit and loss account
400,878
405,819
Shareholders' funds
1,440,148
1,445,089
For the year ending 31 March 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 December 2025 and were signed on its behalf by
Richard Michael Britten Long
Director
Company Registration No. 04363231
Orbit Portsmouth Limited
Notes to the Accounts
for the year ended 31 March 2025
Orbit Portsmouth Limited is a private company, limited by shares, registered in England and Wales, registration number 04363231. The registered office is THE WICHENFORD ESTATE OFFICE,, THE HILL FARM, WICHENFORD, WORCESTER, WR6 6YY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value as at the reporting end date. The surplus of deficit on revaluation is recognised in profit or loss and subsequently transferred to a separate non-distributable reserve, net of deferred tax.
On disposal any profit or loss on the disposal proceeds received less the valuation held are recognised in the profit and loss account. A transfer is created between the non-distributable reserves and the profit and loss reserve for the element that relates to the property disposed of.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
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.
Orbit Portsmouth Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2024
2,000,000
159,746
2,159,746
At 31 March 2025
2,000,000
159,746
2,159,746
At 1 April 2024
-
158,383
158,383
Charge for the year
-
1,363
1,363
At 31 March 2025
-
159,746
159,746
At 31 March 2025
2,000,000
-
2,000,000
At 31 March 2024
2,000,000
1,363
2,001,363
Amounts falling due within one year
Trade debtors
96,581
66,618
Accrued income and prepayments
590
16,495
Other debtors
618,821
596,121
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
60,202
41,842
Taxes and social security
5,025
11,191
Other creditors
298,135
298,135
Deferred income
42,714
42,714
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
765,000
765,000
The ultimate controlling party is Elementiata Securities Limited.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).