Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07285996 2023-01-01 2023-12-31 07285996 2022-01-01 2022-12-31 07285996 2023-12-31 07285996 2022-12-31 07285996 c:Director1 2023-01-01 2023-12-31 07285996 d:Goodwill 2023-12-31 07285996 d:Goodwill 2022-12-31 07285996 d:FreeholdInvestmentProperty 2023-12-31 07285996 d:FreeholdInvestmentProperty 2022-12-31 07285996 d:CurrentFinancialInstruments 2023-12-31 07285996 d:CurrentFinancialInstruments 2022-12-31 07285996 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07285996 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07285996 d:ShareCapital 2023-12-31 07285996 d:ShareCapital 2022-12-31 07285996 d:RetainedEarningsAccumulatedLosses 2023-12-31 07285996 d:RetainedEarningsAccumulatedLosses 2022-12-31 07285996 c:OrdinaryShareClass1 2023-01-01 2023-12-31 07285996 c:OrdinaryShareClass1 2023-12-31 07285996 c:OrdinaryShareClass1 2022-12-31 07285996 c:FRS102 2023-01-01 2023-12-31 07285996 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07285996 c:FullAccounts 2023-01-01 2023-12-31 07285996 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07285996 6 2023-01-01 2023-12-31 07285996 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07285996










JOHN MORRISH LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
JOHN MORRISH LIMITED
REGISTERED NUMBER: 07285996

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
3,128,828
2,829,719

Investment property
 6 
71,091
71,091

  
3,199,919
2,900,810

Current assets
  

Cash at bank and in hand
 7 
2,331
-

  
2,331
-

Creditors: amounts falling due within one year
 8 
(235,514)
(273,883)

Net current liabilities
  
 
 
(233,183)
 
 
(273,883)

Total assets less current liabilities
  
2,966,736
2,626,927

  

Net assets
  
2,966,736
2,626,927


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
2,966,636
2,626,827

  
2,966,736
2,626,927


Page 1

 
JOHN MORRISH LIMITED
REGISTERED NUMBER: 07285996
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 director acknowledges his 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 J Morrish
Director

Date: 22 August 2024

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

Page 2

 
JOHN MORRISH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

John Morrish Limited, 07285996, is a private limited company, limited by shares, incorporated in England and Wales, with a registered office address and principal place of business at Unit 83 Mochdre Industrial Estate, Newtown, Powys, SY16 4LE

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.

The following principal accounting policies have been applied:

 
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:

Turnover comprises revenue recognised by the company in respect of its share of profits and losses from its investment in Innova Mill.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

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.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
JOHN MORRISH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

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.

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
JOHN MORRISH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
400,000



At 31 December 2023

400,000



Amortisation


At 1 January 2023
400,000



At 31 December 2023

400,000



Net book value



At 31 December 2023
-



At 31 December 2022
-




5.


Fixed asset investments





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 January 2023
219,500
2,610,219
2,829,719


Additions
-
612,274
612,274


Disposals
-
(313,165)
(313,165)



At 31 December 2023
219,500
2,909,328
3,128,828




Page 5

 
JOHN MORRISH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
71,091



At 31 December 2023
71,091

The 2023 valuations were made by the director, on an open market value for existing use basis.



At 31 December 2023



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

2023
2022
£
£


Historic cost
71,091
71,091

71,091
71,091


7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,331
-

2,331
-


Page 6

 
JOHN MORRISH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
100
100

Taxation and social security
78,646
48,150

Other creditors
156,768
225,633

235,514
273,883


HSBC Bank Plc hold a general pledge, including a fixed and floating charge, over the entity and its undertaking.
HSBC Invoice Finance (UK) Ltd hold a floating charge over all the property and the undertaking of the company.


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of £1.00 each
100
100


 
Page 7