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Company registration number: 03839040
David Ormerod Limited
Unaudited filleted financial statements
30 October 2025
David Ormerod Limited
Contents
Statement of financial position
Notes to the financial statements
David Ormerod Limited
Statement of financial position
30 October 2025
30/10/25 31/10/24
Note £ £ £ £
Fixed assets
Tangible assets 4 237,459 238,299
_______ _______
237,459 238,299
Current assets
Cash at bank and in hand 2,706 5,723
_______ _______
2,706 5,723
Creditors: amounts falling due
within one year 5 ( 4,856) ( 5,143)
_______ _______
Net current (liabilities)/assets ( 2,150) 580
_______ _______
Total assets less current liabilities 235,309 238,879
Provisions for liabilities ( 905) ( 1,065)
_______ _______
Net assets 234,404 237,814
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 234,402 237,812
_______ _______
Shareholders funds 234,404 237,814
_______ _______
For the period ending 30 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 October 2026 , and are signed on behalf of the board by:
Mrs G Ormerod
Director
Company registration number: 03839040
David Ormerod Limited
Notes to the financial statements
Period ended 30 October 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Streets JPH, 112/114 Whitegate Drive, Blackpool, Lancashire, FY3 9XH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102 section 1A, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared on the historical cost basis, as modified by investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover comprises rent received by the company.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 are 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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:
Plant and machinery - 15 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
Impairment
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
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 in finance costs in profit or loss in the period it arises.
Financial instruments
No additional disclosure is required in respect of financial instruments.
4. Tangible assets
Freehold property Plant and machinery Total
£ £ £
Cost
At 1 November 2024 and 30 October 2025 232,696 33,481 266,177
_______ _______ _______
Depreciation
At 1 November 2024 - 27,878 27,878
Charge for the year - 840 840
_______ _______ _______
At 30 October 2025 - 28,718 28,718
_______ _______ _______
Carrying amount
At 30 October 2025 232,696 4,763 237,459
_______ _______ _______
At 31 October 2024 232,696 5,603 238,299
_______ _______ _______
Investment property
Included within the above is investment property measured at fair value as follows:
£
At 1 November 2024 and 30 October 2025 232,696
_______
The fair value of the property is based upon the directors calculation of fair value.There has been no valuation of investment property by an independent valuer.
5. Creditors: amounts falling due within one year
30/10/25 31/10/24
£ £
Corporation tax 2,878 4,287
Other creditors 1,978 856
_______ _______
4,856 5,143
_______ _______
6. Directors advances, credits and guarantees
There are no advances to the director at the dates of these accounts.