Orchard Way Property Group Ltd Company accounts

COMPANY REGISTRATION NUMBER: 07375021

ORCHARD WAY PROPERTY GROUP LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2025

ORCHARD WAY PROPERTY GROUP LTD

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

Contents	Page

Officers and professional advisers	1

Strategic report	2

Directors' report	4

Independent auditor's report to the member	6

Statement of comprehensive income	10

Statement of financial position	11

Statement of changes in equity	12

Notes to the financial statements	13

ORCHARD WAY PROPERTY GROUP LTD

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	P Ainley
	M Clarridge
	A Kitchen
	D Oscroft
	I Oscroft

Registered office	Orchard Way
	Calladine Business Park
	Sutton In Ashfield
	Nottinghamshire
	NG17 IJU

Auditor	Streets Audit LLP
	Chartered accountants & statutory auditor
	Windsor House
	A1 Business Park at
	Long Bennington
	Notts
	NG23 5JR

ORCHARD WAY PROPERTY GROUP LTD

STRATEGIC REPORT

YEAR ENDED 31 DECEMBER 2025

The directors present the strategic report for the year ended 31 December 2025. Principal activities The principal activity of the company during the period was the ownership and management of property and related assets. The company discontinued its trading operations during the previous financial year. As part of a restructuring of the Group's activities, the two trading businesses previously operated within the wider group were separated and transferred into two separate companies with different ownership structures. Following the restructuring, the company no longer undertakes the trading activities previously carried out by those businesses. Its activities are now focused on the ownership and management of its remaining property interests and other assets. Business review During the previous financial year, the company completed a restructuring of its activities which resulted in the discontinuation of its trading operations and the separation of the two former businesses into separate corporate entities. The restructuring was undertaken to establish separate ownership and operating structures for the businesses and to provide greater clarity over the ownership and management of the respective activities. During the current financial year, the company has concentrated on managing its remaining property interests, financial resources and liabilities. There has been no material trading activity undertaken by the company during the year. The directors are satisfied with the progress made following the restructuring and continue to monitor the company's financial position and the performance of its remaining assets. Financial review The financial results for the year reflect the company's changed activities following the discontinuation of its trading operations and the restructuring completed in the previous financial year. The company's financial position is primarily influenced by the value and performance of its property interests, together with its cash resources, financing arrangements and other liabilities. The directors continue to monitor cash flow and the company's ability to meet its liabilities as they fall due. Principal risks and uncertainties The principal risks and uncertainties facing the company arise from its property holdings and its financial position. These include: - fluctuations in property values and rental demand, where applicable; - changes in economic conditions and the wider property market; - costs associated with maintaining, managing or disposing of property assets; - interest rate movements and financing costs, where applicable; - the Company's ability to maintain sufficient cash resources to meet its obligations. The directors regularly review the Company's financial position and the risks associated with its remaining assets and take appropriate action where necessary. Future Outlook Following the discontinuation of the company's trading operations and the separation of the two former businesses into separately owned companies, the company does not currently anticipate recommencing those trading activities. The directors intend to continue to manage the company's property interests and other remaining assets and liabilities in accordance with the company's objectives. The directors will continue to review the company's structure and activities and will consider opportunities for the efficient management or realisation of its assets as appropriate.

This report was approved by the board of directors on 23 September 2026 and signed on behalf of the board by:

M Clarridge

Director

Registered office:

Orchard Way

Calladine Business Park

Sutton In Ashfield

Nottinghamshire

NG17 IJU

ORCHARD WAY PROPERTY GROUP LTD

DIRECTORS' REPORT

YEAR ENDED 31 DECEMBER 2025

The directors present their report and the financial statements of the company for the year ended 31 December 2025 .

Directors

The directors who served the company during the year were as follows:

P Ainley
M Clarridge
A Kitchen
D Oscroft
I Oscroft

Dividends

Particulars of recommended dividends are detailed in note 10 to the financial statements.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 23 September 2026 and signed on behalf of the board by:

M Clarridge

Director

Registered office:

Orchard Way

Calladine Business Park

Sutton In Ashfield

Nottinghamshire

NG17 IJU

ORCHARD WAY PROPERTY GROUP LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBER OF ORCHARD WAY PROPERTY GROUP LTD

YEAR ENDED 31 DECEMBER 2025

Opinion

We have audited the financial statements of Orchard Way Property Group Ltd (the 'company') for the year ended 31 December 2025 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was that we identified the material laws and regulations applicable to the company through discussions with management, and from our commercial knowledge and experience of the company. We then assessed the extent of compliance with these laws and regulations through making enquiries of management. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls we tested journal entries to identify unusual transactions, we assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 3 were indicative of potential bias; and we investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to agreeing financial statement disclosures to underlying supporting documentation and reviewing correspondence with relevant regulators. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. Use of our report

This report is made solely to the company's member, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's member those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's member as a body, for our audit work, for this report, or for the opinions we have formed.

MARK BRADSHAW

(Senior Statutory Auditor)

For and on behalf of

Streets Audit LLP

Chartered accountants & statutory auditor

Windsor House

A1 Business Park at

Long Bennington

Notts

NG23 5JR

24 September 2026

ORCHARD WAY PROPERTY GROUP LTD

STATEMENT OF COMPREHENSIVE INCOME

YEAR ENDED 31 DECEMBER 2025

		2025	2024
			(restated)
Note		£	£
Turnover	4	386,406	338,132

	---------	---------
Gross profit	386,406	338,132

Administrative expenses		( 361)	2,989,502
		---------	------------
Operating profit	5	386,045	3,327,634

Income from shares in group undertakings	6	–	1,675,000
Other interest receivable and similar income	7	–	45
Interest payable and similar expenses	8	( 7,642)	–
		---------	------------
Profit before taxation		378,403	5,002,679

Tax on profit	9	( 92,483)	( 512,019)
		---------	------------
Profit for the financial year and total comprehensive income		285,920	4,490,660
		---------	------------

All the activities of the company are from continuing operations.

ORCHARD WAY PROPERTY GROUP LTD

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
			(restated)
Note	£	£	£

Fixed assets

Tangible assets	11		5,500,000	5,500,000

Current assets

Cash at bank and in hand	6,198		8,707

Creditors: amounts falling due within one year	12	( 68,353)		( 104,042)
		--------		---------
Net current liabilities			( 62,155)	( 95,335)
			------------	------------
Total assets less current liabilities			5,437,845	5,404,665

Provisions	13	( 459,856)	( 460,996)
		------------	------------
Net assets		4,977,989	4,943,669
		------------	------------

Capital and reserves

Called up share capital	16	28,873	28,873
Revaluation reserve	17	2,697,130	2,697,130
Profit and loss account	17	2,251,986	2,217,666
		------------	------------
Shareholder funds		4,977,989	4,943,669
		------------	------------

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

These financial statements were approved by the board of directors and authorised for issue on 23 September 2026 , and are signed on behalf of the board by:

M Clarridge

Director

Company registration number: 07375021

ORCHARD WAY PROPERTY GROUP LTD

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 DECEMBER 2025

			Called up share capital	Revaluation reserve	Profit and loss account	Total
			£	£	£	£
At 1 January 2024			28,873	–	4,235,757	4,264,630

Profit for the year					4,490,660	4,490,660
Other comprehensive income for the year:
	Reclassification from revaluation reserve to profit and loss account		–	2,697,130	( 2,697,130)	–
			--------	------------	------------	------------
Total comprehensive income for the year			–	2,697,130	1,793,530	4,490,660

Dividends paid and payable		10	–	–	( 3,811,621)	( 3,811,621)
			--------	------------	------------	------------
Total investments by and distributions to owners			–	–	( 3,811,621)	( 3,811,621)

At 31 December 2024			28,873	2,697,130	2,217,666	4,943,669

Profit for the year					285,920	285,920
			--------	------------	------------	------------
Total comprehensive income for the year			–	–	285,920	285,920

Dividends paid and payable		10	–	–	( 251,600)	( 251,600)
			----	----	---------	---------
Total investments by and distributions to owners			–	–	( 251,600)	( 251,600)

			--------	------------	------------	------------
At 31 December 2025			28,873	2,697,130	2,251,986	4,977,989
			--------	------------	------------	------------

ORCHARD WAY PROPERTY GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 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 Orchard Way, Calladine Business Park, Sutton In Ashfield, Nottinghamshire, NG17 IJU.

2. Statement of compliance

These financial statements have been prepared in compliance with 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 and in sterling, which is the functional currency of the entity. Disclosure exemptions The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Whitemeadow Investments Limited which can be obtained from their registered office at Orchard Way, Calladine Business Park, Sutton in Ashfield, Notts, NG17 1JU. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. Significant judgements We do not consider there to be any significant judgements in the financial statements for disclosure. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: - Valuation of Investment Properties The fair value of the company's investment properties is determined with reference to valuations performed by independent professionally qualified valuers with recent experience in the location and category of the properties being valued. The valuations are based on market evidence of transaction prices for similar properties, adjusted where necessary for differences in location, condition and other relevant factors. Whilst the directors consider these valuations to be the best estimate of fair value, actual market values may differ from those estimates. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. 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. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Investment property	-	Not Depreciated

Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

4. Turnover

Turnover arises from:

	2025	2024
		(restated)
	£	£
Rents receivable	386,406	338,132
	---------	---------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Operating profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
		(restated)
	£	£
Depreciation of tangible assets	–	137,274
Fair value adjustments to investment property	–	( 3,126,960)
	----	------------

6. Income from shares in group undertakings

	2025	2024
		(restated)
	£	£
Income from group undertakings	–	1,675,000
	----	------------

7. Other interest receivable and similar income

	2025	2024
		(restated)
	£	£
Interest on cash and cash equivalents	–	45
	----	----

8. Interest payable and similar expenses

	2025	2024
		(restated)
	£	£
Other interest payable and similar charges	7,642	–
	-------	----

9. Tax on profit

Major components of tax expense

	2025	2024
		(restated)
	£	£

Current tax:

UK current tax expense	93,623	83,306
Adjustments in respect of prior periods	–	( 193)
	--------	--------
Total current tax	93,623	83,113
	--------	--------

Deferred tax:

Origination and reversal of timing differences	( 1,140)	428,906
	--------	---------
Tax on profit	92,483	512,019
	--------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
		(restated)
	£	£
Profit on ordinary activities before taxation	378,403	5,002,679
	---------	------------
Profit on ordinary activities by rate of tax	60,281	486,430
Adjustment to tax charge in respect of prior periods	–	( 193)
Effect of capital allowances and depreciation	32,202	32,202
Effect of revenue exempt from tax	–	( 436,250)
Revaluation of investment properties	–	429,830
	---------	------------
Tax on profit	92,483	512,019
	---------	------------

10. Dividends

	2025	2024
		(restated)
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	251,600	3,811,621
	---------	------------

11. Tangible assets

	Investment property
	£
Cost
At 1 January 2025 (as restated) and 31 December 2025	5,500,000
	------------
Depreciation
At 1 January 2025 and 31 December 2025	–
	------------
Carrying amount
At 31 December 2025	5,500,000
	------------
At 31 December 2024	5,500,000
	------------

12. Creditors: amounts falling due within one year

	2025	2024
		(restated)
	£	£
Accruals and deferred income	5,330	3,736
Corporation tax	43,623	83,306
Social security and other taxes	19,400	17,000
	--------	---------
	68,353	104,042
	--------	---------

13. Provisions

	Deferred tax (note 14)
	£
At 1 January 2025 (as restated)	460,996
Additions	( 1,140)
	---------
At 31 December 2025	459,856
	---------

14. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
		(restated)
	£	£
Included in provisions (note 13)	459,856	460,996
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
		(restated)
	£	£
Accelerated capital allowances	30,026	31,166
Fair value adjustment of investment property	429,830	429,830
	---------	---------
	459,856	460,996
	---------	---------

15. Prior period errors

During the year, the directors identified that certain freehold properties had not been classified as investment properties in the financial statements for the year ended 31 December 2024. In accordance with Section 10 Accounting Policies, Estimates and Errors of FRS 102, this has been treated as a prior period error and the comparative information has been restated accordingly. The correction reflects the measurement of the properties at fair value and the recognition of the related deferred taxation liability. The effect of the restatement on the comparative figures for the year ended 31 December 2024 is to increase the reserves by £2,697,130 of which the deferred tax effect was £429,830. There is no impact on cash flows arising from this adjustment. The Directors also reclassified rental income from other operating income to turnover. The comparative figures for the year ended 31 December 2024 have been restated to reflect the corrections.

16. Called up share capital

Issued, called up and fully paid

	2025		2024
			(restated)
	No.	£	No.	£
Ordinary shares of £ 1 each	28,572	28,572	28,572	28,572
A Ordinary shares of £ 1 each	301	301	301	301
	--------	--------	--------	--------
	28,873	28,873	28,873	28,873
	--------	--------	--------	--------

17. Reserves

Revaluation reserve - This reserve records the value of fair value movements on investment properties. Profit and loss account - This reserve records retained earnings and accumulated losses.

18. Charges on assets

The banking facilities of Orchard Way Property Group Ltd are secured by a debenture in favour of HSBC UK Bank plc. The debenture creates fixed charges over specified present and future assets and a floating charge over the remainder of the company’s assets and undertaking. The security includes land, plant and machinery, debts, bank balances, investments, goodwill, insurance rights and intellectual property and contains a negative pledge.

19. Related party transactions

The Directors consider Whitemeadow Furniture Ltd to be a related party following the demerger in 2024. All of the rents received by this company are from leases with Whitemeadow Furniture Ltd. No amounts were unpaid at the year end.

20. Controlling party

The company's results are incorporated into the consolidated financial statements of Whitemeadow Investments Limited which are publicly available. Whitemeadow Investments Limited is the largest group for which consolidated accounts are prepared. In the opinion of the directors the ultimate controlling party of Orchard Way Property Group Ltd is I R Oscroft.