ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: NI683393

Orby Capital Ltd

Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 August 2025

Orby Capital Ltd

Registered number: NI683393

Balance Sheet

As at 31 August 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		27,065,509		26,825,630
			27,065,509		26,825,630
Current assets
Debtors: amounts falling due after more than one year	5	14,855,625		15,761,296
Debtors: amounts falling due within one year	5	1,096,221		1,145,857
Cash at bank and in hand	6	293,660		610,731
		16,245,506		17,517,884
Creditors: amounts falling due within one year	7	(365,311)		(381,633)
Net current assets			15,880,195		17,136,251
Total assets less current liabilities			42,945,704		43,961,881
Creditors: amounts falling due after more than one year	8		(6,648,000)		(8,944,000)

Net assets			36,297,704		35,017,881

Capital and reserves
Called up share capital	11	1,044	1,044
Share premium account	12	23,722,622	23,722,622
Profit and loss account	12	12,574,038	11,294,215
		36,297,704	35,017,881

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Orby Capital Ltd

Registered number: NI683393

Balance Sheet (continued)

As at 31 August 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 March 2026.

Mr D Calvert

Director

The notes on pages 3 to 8 form part of these financial statements.

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Orby Capital Ltd

Notes to the Financial Statements

For the Year Ended 31 August 2025

1.	General information

The company is a private limited company and is domiciled in the United Kingdom. The address of its registered office is 20 Orby Link, Belfast, Antrim, United Kingdom, BT5 5HU. The Company's principal activity during the financial year was that of an investment company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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Orby Capital Ltd

Notes to the Financial Statements

For the Year Ended 31 August 2025

2.Accounting policies (continued)

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.8

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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Orby Capital Ltd

Notes to the Financial Statements

For the Year Ended 31 August 2025

2.Accounting policies (continued)

2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

4.	Fixed asset investments

	Investments in subsidiary companies	Investments in associates	Total
	£	£	£
Cost or valuation
At 1 September 2024	2,662,454	24,163,176	26,825,630
Additions	79,913	159,966	239,879
At 31 August 2025	2,742,367	24,323,142	27,065,509

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Orby Capital Ltd

Notes to the Financial Statements

For the Year Ended 31 August 2025

5.	Debtors
		2025	2024
		£	£

Due after more than one year
Amounts owed by group undertakings	14,635,806	15,761,296
Deferred tax asset	219,819	-
	14,855,625	15,761,296

					2025	2024
					£	£

Due within one year
Amounts owed by group undertakings	1,095,213	1,064,936
Other debtors	1,008	1,008
Prepayments and accrued income	-	79,913
	1,096,221	1,145,857

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	293,660	610,731
	293,660	610,731

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	336,000	336,000
Trade creditors	1,050	-
Other creditors	741	-
Accruals and deferred income	27,520	45,633
	365,311	381,633

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Orby Capital Ltd

Notes to the Financial Statements

For the Year Ended 31 August 2025

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	6,648,000	8,944,000
	6,648,000	8,944,000

Bank loans are secured upon a charge over the shares and assets a subsidiary company.

Amounts falling due within one year
Bank loans	336,000	336,000
Amounts falling due 1-2 years
Bank loans	336,000	336,000
Amounts falling due 2-5 years
Bank loans	6,312,000	8,608,000

	6,984,000	9,280,000

10.	Deferred taxation

		2025
		£

	Charged to profit or loss	219,819
	At end of year	219,819

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Orby Capital Ltd

Notes to the Financial Statements

For the Year Ended 31 August 2025

10.Deferred taxation (continued)

The deferred tax asset is made up as follows:
	2025	2024
	£	£

	Accelerated capital allowances	219,819	-
		219,819	-

11.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1,044 (2024 - 1,044) Ordinary shares of £1.00 each	1,044	1,044

12.

Reserves

Share premium account

Share premium represents the excess of the issue price over the par value on shares issued less any transaction costs arising on issue.

Profit and loss account

Includes all current and prior year retained profits and losses.

13.	Related party transactions
	There are no related party transactions that require disclosure.

14.	Controlling party

The director is deemed to be the ultimate controlling party by virtue of their shareholding.

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