ORProperty Limited - Accounts to registrar (filleted) - small 18.2
ORProperty Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| ORProperty Limited |
| Audited Financial Statements for the Year Ended 30 April 2019 |
| ORProperty Limited (Registered number: 03820915) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2019 |
| Page |
| Company Information | 1 |
| Abridged Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| ORProperty Limited |
| Company Information |
| for the Year Ended 30 April 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SENIOR STATUTORY AUDITOR: |
| AUDITORS: |
| Chartered Accountants |
| and Statutory Auditor |
| 4 King Square |
| Bridgwater |
| Somerset |
| TA6 3YF |
| BANKERS: |
| Bath Street |
| Cheddar |
| Somerset |
| BS27 3AD |
| ORProperty Limited (Registered number: 03820915) |
| Abridged Statement of Financial Position |
| 30 April 2019 |
| 30.4.19 | 30.4.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 6 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| ORProperty Limited (Registered number: 03820915) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2019 |
| 1. | STATUTORY INFORMATION |
| ORProperty Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared in accordance with applicable accounting standards and estimation |
| techniques. |
| Turnover |
| Turnover consists wholly of rental income. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Freehold investment properties are included at their open market value. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| ORProperty Limited (Registered number: 03820915) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST OR VALUATION |
| At 1 May 2018 |
| Additions |
| Disposals | ( |
) |
| At 30 April 2019 |
| DEPRECIATION |
| At 1 May 2018 |
| Charge for year |
| At 30 April 2019 |
| NET BOOK VALUE |
| At 30 April 2019 |
| At 30 April 2018 |
| Cost or valuation at 30 April 2019 is represented by: |
| Totals |
| £ |
| Valuation in 2013 | 244,491 |
| Cost | 6,246,251 |
| 6,490,742 |
| If freehold property had not been revalued it would have been included at the following historical cost: |
| 30.4.19 | 30.4.18 |
| £ | £ |
| Cost | 6,508,191 | 6,508,191 |
| Freehold property was valued on an open market value basis on 30 April 2018 by the Directors . |
| 5. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.4.19 | 30.4.18 |
| £ | £ |
| Bank loans |
| The bank loan is secured by a fixed charge over the property of the company. |
| ORProperty Limited (Registered number: 03820915) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2019 |
| 6. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 May 2018 |
| Property revaluation | (27,442 | ) |
| At 30 April 2019 |
| 7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 8. | RELATED PARTY DISCLOSURES |
| The company received rent of £107,400 (2018: £127,835) from Organisation Resource Limited during the year, |
| a company controlled by M W Hamlin. At the year end the company owed Organisation Resource Limited |
| £2,562,344 (2018: £2,071,816). |
| 9. | ULTIMATE CONTROLLING PARTY |
| The company was controlled during the current and previous period by its directors M W and M A Hamlin, and |
| members of their close family, who own all of the issued ordinary share capital. |