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REGISTERED NUMBER: 06816919 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

Stephen Morris (Investments) Ltd

Stephen Morris (Investments) Ltd (Registered number: 06816919)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stephen Morris (Investments) Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs L Morris
S Morris





SECRETARY: Mrs L Morris





REGISTERED OFFICE: 103 Old South Lambeth Road
London
SW8 1XU





REGISTERED NUMBER: 06816919 (England and Wales)





ACCOUNTANTS: AS Associates
Chartered Certified Accountants
11A Empire Parade
Empire Way
Wembley
Middlesex
HA9 0RQ

Stephen Morris (Investments) Ltd (Registered number: 06816919)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,005,220 3,765,220

CURRENT ASSETS
Debtors 5 2 2
Cash at bank 11,199 6,995
11,201 6,997
CREDITORS
Amounts falling due within one year 6 433,120 397,111
NET CURRENT LIABILITIES (421,919 ) (390,114 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,583,301

3,375,106

CREDITORS
Amounts falling due after more than one
year

7

1,218,372

2,055,655
NET ASSETS 1,364,929 1,319,451

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 1,364,927 1,319,449
SHAREHOLDERS' FUNDS 1,364,929 1,319,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Stephen Morris (Investments) Ltd (Registered number: 06816919)

Balance Sheet - continued
28 February 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 Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





Mrs L Morris - Director


Stephen Morris (Investments) Ltd (Registered number: 06816919)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Stephen Morris (Investments) Ltd 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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Stephen Morris (Investments) Ltd (Registered number: 06816919)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 3,765,220
Disposals (760,000 )
At 28 February 2023 3,005,220
NET BOOK VALUE
At 28 February 2023 3,005,220
At 28 February 2022 3,765,220

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2019 9,191
Valuation in 2017 600,000
Valuation in 2013 115,000
Valuation in 2021 490,000
Valuation in 2023 1,791,029
3,005,220

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 2 2

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Amounts owed to group undertakings 414,531 378,957
Other creditors 18,589 18,154
433,120 397,111

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Other creditors 1,218,372 2,055,655

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,211,408 2,055,000

Stephen Morris (Investments) Ltd (Registered number: 06816919)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary share 1 2 2

9. RESERVES
Retained
earnings
£   

At 1 March 2022 1,319,449
Profit for the year 60,478
Dividends (15,000 )
At 28 February 2023 1,364,927

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £5,654 (2022: £2,131) to the directors. The balance is interest free and repayable on demand.
At the balance sheet date, the company was owed £2 by Stephen Morris Holdings Limited, the parent company.
At the balance sheet date, the company owed £ 394,867 (2022: £378,957) to Stephen Alexander Morris Limited Limited, a fellow subsidiary company of Stephen Morris Holdings Limited. On 15 September 2009 the company purchased its investment properties at a market value of £3,400,000.00; in addition, on 20 November 2013 the company purchased its investment properties at a market value of £200,000.00 and on 28 January 2016 the company purchased its investment properties at a market value of £2,320,000.00 from Stephen Alexander Morris Limited, a fellow subsidiary company of Stephen Morris Holdings Limited.

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Stephen Morris Holdings Limited, a company incorporated in England and Wales. Stephen Morris Holdings Limited is controlled by Mrs L Morris and Mr S A Morris, directors of the company.