Orbital Property Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06060335

Orbital Property Limited

Filleted Unaudited Financial Statements

For the year ended

31 July 2025

Orbital Property Limited

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	3,100,000	2,793,171
Investments	6	100	100
		------------	------------
		3,100,100	2,793,271

Current assets

Debtors	7	177,434	133,931
Cash at bank and in hand		3,731	5,580
		---------	---------
		181,165	139,511

Creditors: amounts falling due within one year	8	96,374		181,597
		---------		---------
Net current assets/(liabilities)			84,791		( 42,086)
			------------		------------
Total assets less current liabilities			3,184,891		2,751,185

Creditors: amounts falling due after more than one year	9		951,601		978,447

Provisions

Taxation including deferred tax	135,849	–
	------------	------------
Net assets	2,097,441	1,772,738
	------------	------------

Capital and reserves

Called up share capital	200	200
Non-distributable reserve	550,847	266,696
Profit and loss account	1,546,394	1,505,842
	------------	------------
Shareholders funds	2,097,441	1,772,738
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 July 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 financial statements for the year in question in accordance with section 476 ;

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

Orbital Property Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 24 April 2026 , and are signed on behalf of the board by:

A Townsend

Director

Company registration number: 06060335

Orbital Property Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Chapel Pond Hill, Bury St Edmunds, Suffolk, IP32 7HT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through profit and loss.The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Revenue recognition

The turnover shown in the profit and loss account represents rental income receivable for the year, exclusive of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the 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.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure, and subsequently stated at fair value. The gain or loss arising from the annual revaluation is recognised through profit and loss, with any unrealised gains at the balance sheet date being subsequently transferred to a separate non-distributable revaluation reserve.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to nil (2024: nil).

5. Tangible assets

	Investment property
	£
Cost or valuation
At 1 August 2024	2,793,171
Revaluations	420,000
	------------
At 31 July 2025	3,213,171
	------------
Depreciation
At 1 August 2024	–
Impairment losses	113,171
	------------
At 31 July 2025	113,171
	------------
Carrying amount
At 31 July 2025	3,100,000
	------------
At 31 July 2024	2,793,171
	------------

Investment properties are held at a fair value of £3,100,000 (2024: £2,793,171) as based on the directors' best estimate after taking advice from local agents. The original cost of the properties was £2,527,150 (2024: £2,527,150).

6. Investments

	Shares in group undertakings
	£
Cost
At 1 August 2024 and 31 July 2025	100
	----
Impairment
At 1 August 2024 and 31 July 2025	–
	----

Carrying amount
At 31 July 2025	100
	----
At 31 July 2024	100
	----

During an earlier year the company acquired 100% of the share capital of Orbital Foods Limited in a share for share exchange with the directors of the company, including their family members.

The acquisition was accounted for using the merger accounting method and therefore the shares issued as part of the arrangement and the cost of the investment in the subsidiary have been recorded at the nominal value of the shares issued.

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	26,419	132,568
Other debtors	151,015	1,363
	---------	---------
	177,434	133,931
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loan	31,157	38,806
Trade creditors	287	–
Social security and other taxes	58,346	136,336
Other creditors	6,584	6,455
	--------	---------
	96,374	181,597
	--------	---------

The bank loan is secured on the company's freehold investment property and a fixed and floating charge over all of the company's assets .

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loan	12,851	39,697
Other creditors	938,750	938,750
	---------	---------
	951,601	978,447
	---------	---------

The bank loan is secured on the company's freehold investment property and a fixed and floating charge over all of the company's assets. Included within the other creditors due after more than one year is an amount of £650,000 (2024:£650,000) relating to deferred consideration which is secured on the company's freehold investment property.

10. Events after the end of the reporting period

Since the year end one of the investment properties held in the balance sheet was sold for £1,250,000 and the £650,000 deferred consideration held in Creditors: amounts falling due after more than one year under other creditors was settled from the sales proceeds. As at 31 July 2025 the investment property had been written down to the subsequent sales price.

11. Related party transactions

During the year ended 31 July 2025 the company made loans to its subsidiary amounting to £nil (2024: £132,568) and repayments made during the year totalled £106,063 (2024: £nil). The balance outstanding at the balance sheet date was £26,505 (2024: £132,568). During the previous year a loan was received from a company connected with the directors. As at the balance sheet date the company owed £288,750 (2024: £288,750). All interest due on the loans has been waived for the current and previous year.