Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-312021-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity22truetrue 01229817 2021-04-01 2022-03-31 01229817 2020-04-01 2021-03-31 01229817 2022-03-31 01229817 2021-03-31 01229817 c:Director1 2021-04-01 2022-03-31 01229817 d:FreeholdInvestmentProperty 2022-03-31 01229817 d:FreeholdInvestmentProperty 2021-03-31 01229817 d:CurrentFinancialInstruments 2022-03-31 01229817 d:CurrentFinancialInstruments 2021-03-31 01229817 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01229817 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 01229817 d:ShareCapital 2022-03-31 01229817 d:ShareCapital 2021-03-31 01229817 d:InvestmentPropertiesRevaluationReserve 2022-03-31 01229817 d:InvestmentPropertiesRevaluationReserve 2021-03-31 01229817 d:RetainedEarningsAccumulatedLosses 2022-03-31 01229817 d:RetainedEarningsAccumulatedLosses 2021-03-31 01229817 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 01229817 d:AcceleratedTaxDepreciationDeferredTax 2021-03-31 01229817 c:OrdinaryShareClass1 2021-04-01 2022-03-31 01229817 c:OrdinaryShareClass1 2022-03-31 01229817 c:OrdinaryShareClass1 2021-03-31 01229817 c:FRS102 2021-04-01 2022-03-31 01229817 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 01229817 c:FullAccounts 2021-04-01 2022-03-31 01229817 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 01229817 2 2021-04-01 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01229817









T. LL. MORRISON (WREXHAM) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

 
T. LL. MORRISON (WREXHAM) LIMITED
REGISTERED NUMBER: 01229817

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Investment property
 4 
250,000
250,000

  
250,000
250,000

Current assets
  

Cash at bank and in hand
  
38,300
30,970

  
38,300
30,970

Creditors: amounts falling due within one year
 5 
(32,401)
(8,179)

Net current assets
  
 
 
5,899
 
 
22,791

Total assets less current liabilities
  
255,899
272,791

Provisions for liabilities
  

Deferred tax
 6 
(23,311)
(23,311)

  
 
 
(23,311)
 
 
(23,311)

Net assets
  
232,588
249,480


Capital and reserves
  

Called up share capital 
 7 
10,000
10,000

Investment property reserve
  
175,786
175,786

Profit and loss account
  
46,802
63,694

  
232,588
249,480


Page 1

 
T. LL. MORRISON (WREXHAM) LIMITED
REGISTERED NUMBER: 01229817
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr S G K Morrison
Director

Date: 10 July 2022

The notes on pages pages 3 to 7 form part of these financial statements.

Page 2

 
T. LL. MORRISON (WREXHAM) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

T. LL. Morrison (Wrexham) Limited is a private limited company, limited by shares, incorporated in England and Wales, with its registered office at 1 Edison Court, Ellice Way, Wrexham Technology Park, Wrexham, LL13 7YT and its principal place of business at 37 Mount Street, Wrexham, Clwyd, LL13 8DW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. No depreciation is provided.
The investment property fair value included in the profit for the year was determined by the director by reference to other similar property values, adjusted for any differences in nature, location and condition.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
T. LL. MORRISON (WREXHAM) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 4

 
T. LL. MORRISON (WREXHAM) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 5

 
T. LL. MORRISON (WREXHAM) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2021
250,000



At 31 March 2022
250,000

The 2022 valuations were made by Mr S G K Morrison, a director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2022
2021
£
£


Historic cost
50,903
50,903

50,903
50,903


5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Corporation tax
3,919
4,147

Other creditors
26,322
1,322

Accruals and deferred income
2,160
2,710

32,401
8,179


Page 6

 
T. LL. MORRISON (WREXHAM) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

6.


Deferred taxation




2022


£






At beginning of year
(23,311)



At end of year
(23,311)

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Revaluation of investment property
(23,311)
(23,311)

(23,311)
(23,311)


7.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



10,000 (2021 - 10,000) Ordinary shares shares of £1 each
10,000
10,000


 
Page 7