Company registration number 03793980 (England and Wales)
ORMSKIRK DEVELOPMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
ORMSKIRK DEVELOPMENTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 10
ORMSKIRK DEVELOPMENTS LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
11,768
19,290
Investment property
4
4,341,518
3,383,962
4,353,286
3,403,252
Current assets
Debtors
5
8,386
75,837
Cash at bank and in hand
81,133
306,966
89,519
382,803
Creditors: amounts falling due within one year
6
(653,643)
(279,917)
Net current (liabilities)/assets
(564,124)
102,886
Total assets less current liabilities
3,789,162
3,506,138
Creditors: amounts falling due after more than one year
7
(897,504)
(926,707)
Provisions for liabilities
(215,329)
(178,325)
Net assets
2,676,329
2,401,106
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
2,676,325
2,401,102
Total equity
2,676,329
2,401,106

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ORMSKIRK DEVELOPMENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 18 March 2026 and are signed on its behalf by:
Mr N Dunn
Director
Company registration number 03793980 (England and Wales)
ORMSKIRK DEVELOPMENTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 July 2023
4
2,268,199
2,268,203
Year ended 30 June 2024:
Profit and total comprehensive income
-
134,903
134,903
Dividends
-
(2,000)
(2,000)
Balance at 30 June 2024
4
2,401,102
2,401,106
Year ended 30 June 2025:
Profit and total comprehensive income
-
276,223
276,223
Dividends
-
(1,000)
(1,000)
Balance at 30 June 2025
4
2,676,325
2,676,329
ORMSKIRK DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
1
Accounting policies
Company information

Ormskirk Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 97 Tulketh Street, Southport, Merseyside, PR8 1AW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for renting property and is shown net of VAT and voids.

Rental income is provided on the basis of the lease and is accrued on a straight line basis over the period of the lease.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% on cost
Fixtures and fittings
15/50% on cost
Motor vehicles

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

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 a t the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

ORMSKIRK DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -

Recoverable amount is the higher of fair value less costs to sell.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

ORMSKIRK DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 6 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

ORMSKIRK DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 July 2024
4,492
27,058
13,442
44,992
Additions
1,148
-
0
-
0
1,148
Disposals
-
0
(3,697)
-
0
(3,697)
At 30 June 2025
5,640
23,361
13,442
42,443
Depreciation and impairment
At 1 July 2024
4,220
13,417
8,065
25,702
Depreciation charged in the year
444
4,059
2,688
7,191
Eliminated in respect of disposals
-
0
(2,218)
-
0
(2,218)
At 30 June 2025
4,664
15,258
10,753
30,675
Carrying amount
At 30 June 2025
976
8,103
2,689
11,768
At 30 June 2024
272
13,641
5,377
19,290
4
Investment property
2025
£
Fair value
At 1 July 2024
3,383,962
Additions
807,556
Revaluations
150,000
At 30 June 2025
4,341,518

Investment property comprises residential flats, residential and commercial properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 June 2025 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

ORMSKIRK DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
4
Investment property
(Continued)
- 8 -
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
3,009,362
2,201,806
Accumulated depreciation
-
-
Carrying amount
3,009,362
2,201,806
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,224
1,826
Other debtors
805
70,000
Prepayments and accrued income
6,357
4,011
8,386
75,837
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
35,044
40,987
Corporation tax
56,982
47,160
Other taxation and social security
1,318
1,318
Other creditors
544,059
183,994
Accruals and deferred income
16,240
6,458
653,643
279,917

The bank loans £25,044 (2024-£30,810) in favour of Paragon Bank Plc are secured by a charge over the Companies Properties Orme House, 4 Malthouse Court. and 6 Malthouse Court

ORMSKIRK DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 9 -
7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
897,504
926,707

The bank loans of £897,504 (2024-£916,870) in favour of Paragon Bank Plc are secured by a charge over the Companies Properties Orme House, 4 Malthouse Court and 6 Malthouse Court.

Amounts included above which fall due after five years are as follows:
Payable by instalments
781,270
781,276
ORMSKIRK DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 10 -
8
Directors' transactions

Dividends totalling £1,000 (2024 - £2,000) were paid in the year in respect of shares held by the company's directors.

During the year the company purchased from N Dunn a director, a property at open market value of £295,000.

During the period the company provided an interest free loan of £nil (2024 £70,000) to Dunns Properties Limited a company beneficially owned by N and G Dunn directors.

During the period the company was provided with an interest free loan of £100,000 (2024 £nil) from Dunns Properties Limited a company beneficially owned by N and G Dunn directors.

During the period N Dunn a director, provided an interest free loan of £324,208 (2024 £83.558).

During the period G Dunn a director, provided an interest free loan of £73,338 (2024 £72,688).

During the period J R Dunn a director, provided an interest free loan of £6,990 (2024 £1,570).

During the period G M Dunn a director, provided an interest free loan of £6,990 (2024 £1,570).

During the period A Dunn, a son of G Dunn a director, provided an interest free loan of £5,000 (2024 £nil).

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