IRIS Accounts Production v23.3.1.45 05482947 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054829472022-06-30054829472023-06-30054829472022-07-012023-06-30054829472021-06-30054829472021-07-012022-06-30054829472022-06-3005482947ns10:Originalns15:EnglandWales2022-07-012023-06-3005482947ns14:PoundSterlingns10:Original2022-07-012023-06-3005482947ns10:Originalns10:Director12022-07-012023-06-3005482947ns10:Original2022-07-012023-06-3005482947ns10:Original2023-06-3005482947ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3005482947ns10:Originalns10:SmallEntities2022-07-012023-06-3005482947ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3005482947ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3005482947ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3005482947ns10:Originalns10:FullAccounts2022-07-012023-06-3005482947ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3005482947ns10:Originalns10:Director22022-07-012023-06-3005482947ns10:Originalns10:Director32022-07-012023-06-3005482947ns10:Originalns10:RegisteredOffice2022-07-012023-06-3005482947ns10:Original2022-06-3005482947ns10:Originalns5:CurrentFinancialInstruments2023-06-3005482947ns10:Originalns5:CurrentFinancialInstruments2022-06-3005482947ns10:Originalns5:Non-currentFinancialInstruments2023-06-3005482947ns10:Originalns5:Non-currentFinancialInstruments2022-06-3005482947ns5:ShareCapitalns10:Original2023-06-3005482947ns5:ShareCapitalns10:Original2022-06-3005482947ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2023-06-3005482947ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2022-06-3005482947ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3005482947ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3005482947ns10:Original2021-07-012022-06-3005482947ns10:Originalns5:PlantMachinery2022-06-3005482947ns10:Originalns5:ComputerEquipment2022-06-3005482947ns10:Original2022-06-3005482947ns10:Originalns5:PlantMachinery2022-07-012023-06-3005482947ns10:Originalns5:ComputerEquipment2022-07-012023-06-3005482947ns10:Originalns5:PlantMachinery2023-06-3005482947ns10:Originalns5:ComputerEquipment2023-06-3005482947ns10:Originalns5:PlantMachinery2022-06-3005482947ns10:Originalns5:ComputerEquipment2022-06-3005482947ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3005482947ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-3005482947ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3005482947ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-06-3005482947ns5:Securedns10:Original2023-06-3005482947ns5:Securedns10:Original2022-06-3005482947ns10:Originalns10:OrdinaryShareClass12023-06-3005482947ns10:Originalns10:Director332022-06-3005482947ns10:Originalns10:Director332021-06-3005482947ns10:Originalns10:Director332022-07-012023-06-3005482947ns10:Originalns10:Director332021-07-012022-06-3005482947ns10:Originalns10:Director332023-06-3005482947ns10:Originalns10:Director332022-06-3005482947ns10:Original1ns10:Director12022-06-3005482947ns10:Original1ns10:Director12021-06-3005482947ns10:Original1ns10:Director12022-07-012023-06-3005482947ns10:Original1ns10:Director12021-07-012022-06-3005482947ns10:Original1ns10:Director12023-06-3005482947ns10:Original1ns10:Director12022-06-3005482947ns10:Originalns10:Director222022-06-3005482947ns10:Originalns10:Director222021-06-3005482947ns10:Originalns10:Director222022-07-012023-06-3005482947ns10:Originalns10:Director222021-07-012022-06-3005482947ns10:Originalns10:Director222023-06-3005482947ns10:Originalns10:Director222022-06-30
REGISTERED NUMBER: 05482947 (England and Wales)















Morgan And Mumford Property Services
Limited

Unaudited Financial Statements for the Year Ended 30 June 2023






Morgan And Mumford Property Services
Limited (Registered number: 05482947)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Morgan And Mumford Property Services
Limited

Company Information
for the Year Ended 30 June 2023







Directors: Mr R C Morgan
Mrs F L Mumford
Mrs Y Morgan





Registered office: 7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ





Registered number: 05482947 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Morgan And Mumford Property Services
Limited (Registered number: 05482947)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 4 5,702 602
Investment property 5 1,355,723 1,355,723
1,361,425 1,356,325

Current assets
Debtors 6 - 36
Cash at bank 21,886 20,012
21,886 20,048
Creditors
Amounts falling due within one year 7 (29,299 ) (28,080 )
Net current liabilities (7,413 ) (8,032 )
Total assets less current liabilities 1,354,012 1,348,293

Creditors
Amounts falling due after more than one year 8 (1,122,605 ) (1,130,644 )

Provisions for liabilities (1,083 ) -
Net assets 230,324 217,649

Capital and reserves
Called up share capital 10 100 100
Other reserves 10,279 10,279
Retained earnings 219,945 207,270
Shareholders' funds 230,324 217,649

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Morgan And Mumford Property Services
Limited (Registered number: 05482947)

Balance Sheet - continued
30 June 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 2 February 2024 and were signed on its behalf by:





Mrs F L Mumford - Director


Morgan And Mumford Property Services
Limited (Registered number: 05482947)

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

1. Statutory information

Morgan And Mumford Property Services 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 represents net amounts invoiced for property rental services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Investment property
Investment property carrying values are reviewed each year by the Directors. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

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.

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.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

Morgan And Mumford Property Services
Limited (Registered number: 05482947)

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

4. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 July 2022 - 803 803
Additions 7,000 - 7,000
At 30 June 2023 7,000 803 7,803
Depreciation
At 1 July 2022 - 201 201
Charge for year 1,750 150 1,900
At 30 June 2023 1,750 351 2,101
Net book value
At 30 June 2023 5,250 452 5,702
At 30 June 2022 - 602 602

5. Investment property
Total
£   
Fair value
At 1 July 2022
and 30 June 2023 1,355,723
Net book value
At 30 June 2023 1,355,723
At 30 June 2022 1,355,723

No revaluations have been conducted on these as the Directors feel there would be insignificant change to the carrying value between the date of purchase and the current year end date.

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors - 36

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 13,307 13,225
Tax 5,694 12,706
Other creditors 8,540 550
Accrued expenses 1,758 1,599
29,299 28,080

Morgan And Mumford Property Services
Limited (Registered number: 05482947)

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

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 2-5 years 57,149 58,246
Bank loans more 5 yr by instal 99,158 110,141
Directors' loan accounts 966,298 962,257
1,122,605 1,130,644

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 99,158 110,141

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 169,614 181,612

The loans are secured against the freehold properties to which they relate.

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. Directors' advances, credits and guarantees

The following advances and credits to/(from) directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mrs Y Morgan
Balance outstanding at start of year (575,536 ) (601,664 )
Amounts advanced 38,231 28,866
Amounts repaid (4,547 ) (2,738 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (541,852 ) (575,536 )

Mrs F L Mumford
Balance outstanding at start of year (197,260 ) (262,901 )
Amounts advanced 29,745 118,391
Amounts repaid (45,547 ) (52,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (213,062 ) (197,260 )

Morgan And Mumford Property Services
Limited (Registered number: 05482947)

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

11. Directors' advances, credits and guarantees - continued

Mr R C Morgan
Balance outstanding at start of year (189,461 ) (252,460 )
Amounts advanced 23,624 124,392
Amounts repaid (45,547 ) (61,393 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (211,384 ) (189,461 )