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REGISTERED NUMBER: 08986968 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Pip Morrison Limited

Pip Morrison Limited (Registered number: 08986968)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pip Morrison Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: Mr P Morrison





REGISTERED OFFICE: Franklin Farm
Dean Lane
Bishops Waltham
Southampton
Hampshire
SO32 1FX





REGISTERED NUMBER: 08986968 (England and Wales)





ACCOUNTANTS: Green Fields Accounting
Gravel Hill Nursery
Gravel Hill
Shirell Heath
Southampton
Hampshire
SO32 2JQ

Pip Morrison Limited (Registered number: 08986968)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 463,263 437,185

CURRENT ASSETS
Cash at bank and in hand 275,736 164,650

CREDITORS
Amounts falling due within one year 5 145,919 149,503
NET CURRENT ASSETS 129,817 15,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

593,080

452,332

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 592,980 452,232
SHAREHOLDERS' FUNDS 593,080 452,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pip Morrison Limited (Registered number: 08986968)

Balance Sheet - continued
30 April 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





Mr P Morrison - Director


Pip Morrison Limited (Registered number: 08986968)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Pip Morrison Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Pip Morrison Limited (Registered number: 08986968)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Computer
property property equipment Totals
£    £    £    £   
COST
At 1 May 2022 230,006 206,415 5,600 442,021
Additions - 24,686 2,172 26,858
At 30 April 2023 230,006 231,101 7,772 468,879
DEPRECIATION
At 1 May 2022 - - 4,836 4,836
Charge for year - - 780 780
At 30 April 2023 - - 5,616 5,616
NET BOOK VALUE
At 30 April 2023 230,006 231,101 2,156 463,263
At 30 April 2022 230,006 206,415 764 437,185

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other loans 90,000 90,000
Corporation tax 39,565 42,776
VAT 6,424 6,454
Directors' current accounts 8,929 9,273
Accrued expenses 1,001 1,000
145,919 149,503

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 Ordinary 1 100 100

Pip Morrison Limited (Registered number: 08986968)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. RESERVES
Retained
earnings
£   

At 1 May 2022 452,232
Profit for the year 165,748
Dividends (25,000 )
At 30 April 2023 592,980

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
Mr P Morrison
Balance outstanding at start of year (9,273 ) (6,687 )
Amounts advanced 11,349 5,977
Amounts repaid (11,005 ) (8,563 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,929 ) (9,273 )

9. RELATED PARTY DISCLOSURES

The company was under the control of Mr P Morrison throughout the current financial year. Mr l P Morrison is the managing directors and majority shareholder.

There is a unsecured loan of £90,000 which has been lent by a Mr K E K Wilkie to the company.