ORANGE WAY LTD - Accounts

ORANGE WAY LTD - Accounts

ORANGE WAY LTD - Company Information

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Registered Number: 09840577
England and Wales

 

 

 

ORANGE WAY LTD


Abridged Accounts
 


Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

ORANGE WAY LTD
Contents Page
For the year ended 31 December 2020
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 December 2020 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
PGP INTERNATIONAL ACCOUNTANTS Ltd
31 December 2020



....................................................
PGP INTERNATIONAL ACCOUNTANTS Ltd
207 REGENT STREET

London
W1B 3HH
15 July 2021
1
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Investments 50,445    50,445 
50,445    50,445 
Current assets      
Cash at bank and in hand (1,342)   (1,276)
Creditors: amount falling due within one year (55,882)   (55,882)
Net current liabilities (57,224)   (57,158)
 
Total assets less current liabilities (6,779)   (6,713)
Net liabilities (6,779)   (6,713)
 

Capital and reserves 		     
Called up share capital 3 1    1 
Profit and loss account (6,780)   (6,714)
Shareholders funds (6,779)   (6,713)
 


For the year ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 15 July 2021 and were signed by:


--------------------------------
Pier Porretti
Director
2
General Information
ORANGE WAY LTD is a private company, limited by shares, registered in England and Wales, registration number 09840577, registration address 16 Whitehall, Flat 2, London, England, SW1A 2DY

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Directors' Emoluments

     

3.

Staff Costs

2020   2019
 
Average number of employees during the year Number   Number
Administration 1    1 
1    1 

4.

Average number of employees

No.. of employees curret year 0
No. of employees previous year 0.
Average number of employees during the year was 0 (2019 : 0).
5.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 January 2020 50,445    50,445 
Additions -    - 
Disposals -    - 
At 31 December 2020 50,445    50,445 

6.

Share Capital

Allotted, called up and fully paid
2020
£		   2019
£
1 Class A share of £1.00 each 1    1 
1    1 

3