Orchard Holdings Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Orchard Holdings Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 04281939 . The registered office is Orchard House, Threshelfords Business Park, Inworth Road, Feering, Essex, CO5 9SE.

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:

Freehold	Nil
Plant & Machinery	10% straight line
Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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 year 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.

...CONTINUED

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Orchard Holdings Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

2.5. Taxation - continued

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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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 (2024: 2)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 June 2024	3,560,774	353,808	644,497	12,886	4,571,965
Additions	1,459,685	278,155	258,112	-	1,995,952
Disposals	-	-	(232,628 )	-	(232,628 )

As at 31 May 2025	5,020,459	631,963	669,981	12,886	6,335,289

Depreciation
As at 1 June 2024	-	41,328	302,504	12,886	356,718
Provided during the period	-	56,624	121,668	-	178,292
Disposals	-	-	(119,194 )	-	(119,194 )

As at 31 May 2025	-	97,952	304,978	12,886	415,816

Net Book Value
As at 31 May 2025	5,020,459	534,011	365,003	-	5,919,473

As at 1 June 2024	3,560,774	312,480	341,993	-	4,215,247

5. Investments

	Unlisted
	£
Cost
As at 1 June 2024	441
Disposals	(100 )

As at 31 May 2025	341

Provision
As at 1 June 2024	-

As at 31 May 2025	-

Net Book Value
As at 31 May 2025	341

As at 1 June 2024	441

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Orchard Holdings Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	179,663	44,038
Prepayments and accrued income	16,321	16,321
Other debtors	15,200	200
Amounts owed by group undertakings	161,031	161,031

	372,215	221,590

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	125,465	100,058
Trade creditors	47,205	19,839
Bank loans and overdrafts	280,000	114,081
Corporation tax	69,137	-
Other taxes and social security	51,685	24,224
VAT	18,489	5,980
Other creditors	635	635
Accruals and deferred income	650	650
Directors' loan accounts	9,947	154,384
Amounts owed to group undertakings	353,534	206,920

	956,747	626,771

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	81,945	78,533
Bank loans	910,000	1,215,919

	991,945	1,294,452

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	125,465	100,058
Later than one year and not later than five years	81,945	78,533

	207,410	178,591

	207,410	178,591

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

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Orchard Holdings Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

11. Reserves

	Revaluation Reserve
	£
As at 1 June 2024	351,688
Surplus on revaluation	50,000

As at 31 May 2025	401,688

12. Related Party Transactions

During the year the company made sales of £208,263 (2024: £113,259) in respect of shared rent and management resources to Orchard Interior Project Management Limited.

Sales of £17,977 (2024: £Nil) were made to Orchard Construct Limited in respect of shared office rent and management resources.

Further sales of £100,025 (2024: £98,760) in respect of shared office rent and management resources were made to Orchard Cladding Specialists Limited.

All of the above companies were under the control of S C Fordham during the period by virtue of their majority shareholding.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		5,919,473		4,215,247
Investments	5		341		441

			5,919,814		4,215,688
CURRENT ASSETS
Debtors	6	372,215		221,590
Cash at bank and in hand		1,089,544		1,589,254

		1,461,759		1,810,844
Creditors: Amounts Falling Due Within One Year	7	(956,747 )		(626,771 )

NET CURRENT ASSETS (LIABILITIES)			505,012		1,184,073

TOTAL ASSETS LESS CURRENT LIABILITIES			6,424,826		5,399,761

Creditors: Amounts Falling Due After More Than One Year	8		(991,945 )		(1,294,452 )

NET ASSETS			5,432,881		4,105,309

CAPITAL AND RESERVES
Called up share capital	10		200		200
Revaluation reserve	11		401,688		351,688
Profit and Loss Account			5,030,993		3,753,421

SHAREHOLDERS' FUNDS			5,432,881		4,105,309