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 2018 |
ORProperty Limited (Registered number: 03820915) |
Contents of the Financial Statements |
for the Year Ended 30 April 2018 |
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 2018 |
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 2018 |
30.4.18 | 30.4.17 |
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 2018 |
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 2018 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST OR VALUATION |
At 1 May 2017 |
Additions |
At 30 April 2018 |
DEPRECIATION |
At 1 May 2017 |
Charge for year |
At 30 April 2018 |
NET BOOK VALUE |
At 30 April 2018 |
At 30 April 2017 |
Cost or valuation at 30 April 2018 is represented by: |
Totals |
£ |
Valuation in 2013 | 271,933 |
Cost | 6,674,669 |
6,946,602 |
If freehold property had not been revalued it would have been included at the following historical cost: |
30.4.18 | 30.4.17 |
£ | £ |
Cost | 6,508,191 | 6,206,983 |
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: |
30.4.18 | 30.4.17 |
£ | £ |
Bank loans |
The bank loan is secured by a fixed charge over the property of the company. |
6. | RESERVES |
Revaluation |
reserve |
£ |
At 1 May 2017 |
and 30 April 2018 |
ORProperty Limited (Registered number: 03820915) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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 £127,835 (2017: £176,364) from Organisation Resource Limited during the year, |
a company controlled by M W Hamlin. At the year end the company owed Organisation Resource Limited |
£2,071,816 (2017: £1,881,039). |
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. |