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REGISTERED NUMBER: 02751837 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

MORNINGDALE LIMITED

MORNINGDALE LIMITED (REGISTERED NUMBER: 02751837)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


MORNINGDALE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: A J Hackford





REGISTERED OFFICE: 'Heatherfield'
10 Styles Croft
Swanland
Hull
East Yorkshire
HU14 3NU





REGISTERED NUMBER: 02751837 (England and Wales)





ACCOUNTANTS: Cheetham Allen
Chartered Accountants
17 Wright Street
Hull
East Yorkshire
HU2 8HU

MORNINGDALE LIMITED (REGISTERED NUMBER: 02751837)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 655,283 631,319
Investment property 5 455,773 417,559
1,111,056 1,048,878

CURRENT ASSETS
Stocks 6 413,571 651,839
Debtors 7 89,407 76,548
Cash at bank 350,091 201,847
853,069 930,234
CREDITORS
Amounts falling due within one year 8 58,691 67,244
NET CURRENT ASSETS 794,378 862,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,905,434

1,911,868

PROVISIONS FOR LIABILITIES 9 2,769 2,236
NET ASSETS 1,902,665 1,909,632

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 1,902,465 1,909,432
SHAREHOLDERS' FUNDS 1,902,665 1,909,632

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

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

MORNINGDALE LIMITED (REGISTERED NUMBER: 02751837)

BALANCE SHEET - continued
30TH NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30th August 2024 and were signed by:





A J Hackford - Director


MORNINGDALE LIMITED (REGISTERED NUMBER: 02751837)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Morningdale 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 invoiced sales of property and services, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to leasehold property - 2% on cost
Plant and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

No depreciation has been provided on the freehold property and the improvements to leasehold property as the director is of the opinion that the residual value of them is at least equal to the original cost.

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.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

MORNINGDALE LIMITED (REGISTERED NUMBER: 02751837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements
to
Freehold leasehold Plant and
property property equipment
£    £    £   
COST
At 1st December 2022 619,550 - 12,172
Additions - 22,939 5,304
At 30th November 2023 619,550 22,939 17,476
DEPRECIATION
At 1st December 2022 - - 3,043
Charge for year - - 3,608
At 30th November 2023 - - 6,651
NET BOOK VALUE
At 30th November 2023 619,550 22,939 10,825
At 30th November 2022 619,550 - 9,129

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st December 2022 3,500 1,478 636,700
Additions - - 28,243
At 30th November 2023 3,500 1,478 664,943
DEPRECIATION
At 1st December 2022 875 1,463 5,381
Charge for year 656 15 4,279
At 30th November 2023 1,531 1,478 9,660
NET BOOK VALUE
At 30th November 2023 1,969 - 655,283
At 30th November 2022 2,625 15 631,319

MORNINGDALE LIMITED (REGISTERED NUMBER: 02751837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2022 417,559
Additions 38,214
At 30th November 2023 455,773
NET BOOK VALUE
At 30th November 2023 455,773
At 30th November 2022 417,559

6. STOCKS
2023 2022
£    £   
Development land and property 413,571 651,839

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 89,407 76,548

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,993 9,425
Taxation and social security 24,396 30,763
Other creditors 26,302 27,056
58,691 67,244

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,769 2,236

Deferred
tax
£   
Balance at 1st December 2022 2,236
Accelerated capital allowances 533
Balance at 30th November 2023 2,769

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200

MORNINGDALE LIMITED (REGISTERED NUMBER: 02751837)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
A J Hackford
Balance outstanding at start of year 9,198 -
Amounts advanced 81,491 9,198
Amounts repaid (9,198 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 81,491 9,198