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REGISTERED NUMBER: 11057705 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MORLEY ESTATES LIMITED

MORLEY ESTATES LIMITED (REGISTERED NUMBER: 11057705)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORLEY ESTATES LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: J D Morley





REGISTERED OFFICE: 21 Orgreave Place
Sheffield
South Yorkshire
S13 9LU





REGISTERED NUMBER: 11057705 (England and Wales)

MORLEY ESTATES LIMITED (REGISTERED NUMBER: 11057705)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CALLED UP SHARE CAPITAL NOT PAID 100 100

FIXED ASSETS
Investment property 5 587,780 852,103
587,880 852,203

CURRENT ASSETS
Debtors 6 2,324 1,740
Cash at bank 1,353 11,447
3,677 13,187
CREDITORS
Amounts falling due within one year 7 271,417 203,903
NET CURRENT LIABILITIES (267,740 ) (190,716 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

320,140

661,487

CREDITORS
Amounts falling due after more than one
year

8

298,280

647,183
NET ASSETS 21,860 14,304

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,760 14,204
SHAREHOLDERS' FUNDS 21,860 14,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MORLEY ESTATES LIMITED (REGISTERED NUMBER: 11057705)

BALANCE SHEET - continued
31 December 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 30 August 2024 and were signed by:





J D Morley - Director


MORLEY ESTATES LIMITED (REGISTERED NUMBER: 11057705)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Morley Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


All monetary values stated within these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rental income receivable which is recognised in the period to which it relates.

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 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.

MORLEY ESTATES LIMITED (REGISTERED NUMBER: 11057705)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 852,103
Disposals (264,323 )
At 31 December 2023 587,780
NET BOOK VALUE
At 31 December 2023 587,780
At 31 December 2022 852,103

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 2,040 1,100
Other debtors 284 640
2,324 1,740

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 1,772 827
Other creditors 269,645 203,076
271,417 203,903

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 298,280 647,183

MORLEY ESTATES LIMITED (REGISTERED NUMBER: 11057705)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 298,280 647,183

The company's mortgage loans from Charter Court Financial Services Limited trading as Precise Mortgages and Paragon Bank PLC are secured against the land & buildings to which they relate.

A loan of £141,450 that is secured against 119 Hungerhill Road, Rotherham is an interest only mortgage, Interest is currently charged at 3.70% per annum.

A loan of £156,830 that is secured against 96 Woodall Road, Rotherham is an interest only mortgage, Interest is currently charged at 3.80% per annum.