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REGISTERED NUMBER: 01858132 (England and Wales)















A.E. Morris Limited

Unaudited Financial Statements For The Year Ended 30 November 2023






A.E. Morris Limited (Registered number: 01858132)






Contents of the Financial Statements
For The Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A.E. Morris Limited

Company Information
For The Year Ended 30 November 2023







DIRECTORS: A E Morris
B Morris



SECRETARY: B Morris



REGISTERED OFFICE: The Water Tower J3 Business Park
Carr Hill
Doncaster
DN4 8DE



REGISTERED NUMBER: 01858132 (England and Wales)



ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU



SOLICITORS: Knights PLC
14 Commercial Street
Sheffield
S1 2AT

A.E. Morris Limited (Registered number: 01858132)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,791 49,129
Investments 5 2,523,825 2,720,335
Investment property 6 351,168 351,168
2,885,784 3,120,632

CURRENT ASSETS
Debtors 7 655,589 502,227
Cash at bank 14,858 4,988
670,447 507,215
CREDITORS
Amounts falling due within one year 8 266,202 472,604
NET CURRENT ASSETS 404,245 34,611
TOTAL ASSETS LESS CURRENT LIABILITIES 3,290,029 3,155,243

PROVISIONS FOR LIABILITIES 2,698 10,563
NET ASSETS 3,287,331 3,144,680

CAPITAL AND RESERVES
Called up share capital 10 11,500 11,500
Revaluation reserve 11 10,000 10,000
Retained earnings 3,265,831 3,123,180
SHAREHOLDERS' FUNDS 3,287,331 3,144,680

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

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

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 19 August 2024 and were signed on its behalf by:





A E Morris - Director


A.E. Morris Limited (Registered number: 01858132)

Notes to the Financial Statements
For The Year Ended 30 November 2023

1. STATUTORY INFORMATION

A.E. Morris 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises revenue recognised by the company in respect of rents and services supplied during the year, exclusive of Value Added Tax and discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant, fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Investment properties
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.

Investments
Investments in associates held as fixed assets are shown at cost less provision for impairment.

Investments in LLP held as fixed assets are shown at the total of the capital account and member account balances held in the LLP.

3. EMPLOYEES AND DIRECTORS

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

A.E. Morris Limited (Registered number: 01858132)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant,
fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 December 2022 38,311 141,659 179,970
Disposals (13,313 ) (119,383 ) (132,696 )
At 30 November 2023 24,998 22,276 47,274
DEPRECIATION
At 1 December 2022 23,770 107,071 130,841
Charge for year 3,750 9,103 12,853
Eliminated on disposal (13,313 ) (93,898 ) (107,211 )
At 30 November 2023 14,207 22,276 36,483
NET BOOK VALUE
At 30 November 2023 10,791 - 10,791
At 30 November 2022 14,541 34,588 49,129

5. FIXED ASSET INVESTMENTS




Interest in
other
participating
interests


Other
investments



Totals
£ £ £
COST
At 1 December 2022 2,719,785 550 2,720,335
Additions - 33 33
Share of profit/(loss) 66,333 - 66,333
Distributions received (262,876 ) - (262,876 )
At 30 November 2023 2,523,242 583 2,523,825
NET BOOK VALUE
At 30 November 2023 2,523,242 583 2,523,825
At 30 november 2022 2,719,785 550 2,720,335

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 351,168
NET BOOK VALUE
At 30 November 2023 351,168
At 30 November 2022 351,168

A.E. Morris Limited (Registered number: 01858132)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

6. INVESTMENT PROPERTY - continued

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2018 255,000
Cost 96,168
351,168

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 341,168 341,168

Investment properties were valued on an open market basis on 30 November 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,116 7,565
Other debtors 527,742 471,343
Directors' current accounts 104,565 -
s455 tax recoverable 10,166 23,319
655,589 502,227

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 18,501
Trade creditors 1,015 2,728
Taxation 44,846 27,929
Social security and other taxes 4,363 -
Other creditors 213,285 420,344
Directors' current accounts - 976
Accruals and deferred income 2,693 2,126
266,202 472,604

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 18,501

Hire purchase liabilities were secured on the assets to which they related.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
11,500 Ordinary £1 11,500 11,500

A.E. Morris Limited (Registered number: 01858132)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

11. RESERVES
Revaluation
reserve
£   
At 1 December 2022
and 30 November 2023 10,000

12. RELATED PARTY DISCLOSURES

During the year, the company made payments of £110,000 (2022: £Nil) to companies in which it has a participating interest. At the year end, the company was owed £323,500 (2022: £213,500) by companies in which it has a participating interest. These amounts are interest free.

During the year, the company paid expenses on behalf of directors of £104,507 (2022: £46,753), charged interest of £1,034 (2022: £Nil) and declared dividends to directors totalling £Nil (2022: £80,000). At the year end, directors owed the company £104,566 (2022: company was owed £976). These amounts were paid off within 9 months of the year end. These amounts are unsecured, repayable on demand and are subject to interest at the prevailing HMRC benefit-in-kind rate.

Turnover includes £109,200 (2022: £109,200) for services provided to an LLP in which A E Morris Limited is a member.