Company Registration No. 11400339 (England and Wales)
MORTON PROPERTIES LIMITED
Unaudited accounts
for the year ended 31 March 2024
MORTON PROPERTIES LIMITED
Unaudited accounts
Contents
MORTON PROPERTIES LIMITED
Company Information
for the year ended 31 March 2024
Company Number
11400339 (England and Wales)
Registered Office
PLUM BUNGALOW DRAIN LANE
HOLME-ON-SPALDING-MOOR
YORK
EAST YORKSHIRE
YO43 4DG
ENGLAND
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors
Crown House, York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PF
MORTON PROPERTIES LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
212,248
217,602
Cash at bank and in hand
43,980
12,314
Creditors: amounts falling due within one year
(178,238)
(169,945)
Net current liabilities
(118,068)
(143,023)
Total assets less current liabilities
94,180
74,579
Provisions for liabilities
Deferred tax
(3,904)
(4,921)
Called up share capital
100
100
Profit and loss account
90,176
69,558
Shareholders' funds
90,276
69,658
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 September 2024 and were signed on its behalf by
A Morton
Director
Company Registration No. 11400339
MORTON PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
MORTON PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11400339. The registered office is PLUM BUNGALOW DRAIN LANE, HOLME-ON-SPALDING-MOOR, YORK, EAST YORKSHIRE, YO43 4DG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Plant & machinery
15% on a reducing balance
Motor vehicles
25% on a reducing balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
191,701
22,911
15,000
229,612
At 31 March 2024
191,701
22,911
15,000
229,612
At 1 April 2023
-
11,698
312
12,010
Charge for the year
-
1,682
3,672
5,354
At 31 March 2024
-
13,380
3,984
17,364
At 31 March 2024
191,701
9,531
11,016
212,248
At 31 March 2023
191,701
11,213
14,688
217,602
MORTON PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
15,990
14,400
Accrued income and prepayments
200
208
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,557
3,247
Other creditors
23,170
22,670
Loans from directors
144,088
142,707
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).