STEPHEN ALEXANDER MORRIS LIMITED

Company Registration Number:
03645478 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

STEPHEN ALEXANDER MORRIS LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

STEPHEN ALEXANDER MORRIS LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Investments: 3 827,053 827,053
Total fixed assets: 827,053 827,053
Current assets
Debtors:   430,234 415,926
Cash at bank and in hand: 7,378 21,986
Total current assets: 437,612 437,912
Creditors: amounts falling due within one year: 4 (3,776) (7,623)
Net current assets (liabilities): 433,836 430,289
Total assets less current liabilities: 1,260,889 1,257,342
Creditors: amounts falling due after more than one year: 5 (357,762) (355,587)
Total net assets (liabilities): 903,127 901,755
Capital and reserves
Called up share capital: 2 2
Revaluation reserve:6465,720465,720
Profit and loss account: 437,405 436,033
Shareholders funds: 903,127 901,755

The notes form part of these financial statements

STEPHEN ALEXANDER MORRIS LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 August 2024
and signed on behalf of the board by:

Name: Dr Ljuba Morris
Status: Director

The notes form part of these financial statements

STEPHEN ALEXANDER MORRIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc -25% on reducing balance

Valuation and information policy

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

Other accounting policies

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.

STEPHEN ALEXANDER MORRIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

STEPHEN ALEXANDER MORRIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Fixed investments

Investment properties are included in the balance sheet at their open market value. Depreciation is not provided on investment properties. This treatment may be a departure from the requirements of the Companies Act 2006 covering depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be appropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown can not be separately identified or qualified.

STEPHEN ALEXANDER MORRIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

Bank loans and overdrafts £ 261 Taxation and social security £ 833 Other creditors £2,682

STEPHEN ALEXANDER MORRIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due after more than one year note

Bank loans £353,587 Other creditors £ 4,175

STEPHEN ALEXANDER MORRIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Revaluation reserve

2023
£
Balance at 01 November 2022 465,720
Surplus or deficit after revaluation 0
Balance at 31 October 2023 465,720

STEPHEN ALEXANDER MORRIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

7. Related party transactions

Name of the related party: Stephen Morris (Investments) Ltd
Relationship:
subsidiary company
Description of the Transaction: The transaction was the loan to a fellow subsidiary company of Stephen Morris Holdings Limited.
£
Balance at 01 November 2022 404,891
Balance at 31 October 2023 423,703
Name of the related party:
Relationship:
Director
Description of the Transaction: The transaction was the loan, which is interest free and directors have confirmed that they will not require repayable within twelve months of the year end.
£
Balance at 01 November 2022 2,000
Balance at 31 October 2023 4,175