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REGISTERED NUMBER: 09992420 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MORRIS INVESTMENTS (CAMBRIDGE) LTD.

MORRIS INVESTMENTS (CAMBRIDGE) LTD. (REGISTERED NUMBER: 09992420)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORRIS INVESTMENTS (CAMBRIDGE) LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: T T Morris
G J Morris





REGISTERED OFFICE: Bramley Barn
69A Station Road
Over
Cambridge
Cambridgeshire
CB24 5NL





REGISTERED NUMBER: 09992420 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

MORRIS INVESTMENTS (CAMBRIDGE) LTD. (REGISTERED NUMBER: 09992420)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 5 9,465,000 9,460,000

CURRENT ASSETS
Debtors 6 6,555 2,237
Cash at bank and in hand 48,130 13,475
54,685 15,712
CREDITORS
Amounts falling due within one year 7 (1,136,752 ) (1,670,520 )
NET CURRENT LIABILITIES (1,082,067 ) (1,654,808 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,382,933 7,805,192

CREDITORS
Amounts falling due after more than one
year

8

(2,535,874

)

(2,092,500

)

PROVISIONS FOR LIABILITIES 11 (240,477 ) (181,813 )
NET ASSETS 5,606,582 5,530,879

CAPITAL AND RESERVES
Called up share capital 12 4,220,453 4,220,453
Retained earnings 1,386,129 1,310,426
SHAREHOLDERS' FUNDS 5,606,582 5,530,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MORRIS INVESTMENTS (CAMBRIDGE) LTD. (REGISTERED NUMBER: 09992420)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





G J Morris - Director


MORRIS INVESTMENTS (CAMBRIDGE) LTD. (REGISTERED NUMBER: 09992420)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Morris Investments (Cambridge) Ltd. 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 (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is derived from the provision of residential accomodation and represents rental income receivable. This company is not registered for value added tax.

Investment property
Investment property is measured at cost on initial recognition and then fair value at each reporting date. Fair value gains and losses are recognised in profit and loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Deferred tax is recognised in respect of all material 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


MORRIS INVESTMENTS (CAMBRIDGE) LTD. (REGISTERED NUMBER: 09992420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 9,460,000
Revaluations 5,000
At 31 March 2024 9,465,000
NET BOOK VALUE
At 31 March 2024 9,465,000
At 31 March 2023 9,460,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 215,077
Valuation in 2019 462,329
Valuation in 2020 (60,000 )
Valuation in 2021 269,504
Valuation in 2022 70,000
Valuation in 2024 5,000
Cost 8,503,090
9,465,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 8,503,090 8,503,090

Investment property was valued on a fair value basis on 31 March 2024 by the director .

MORRIS INVESTMENTS (CAMBRIDGE) LTD. (REGISTERED NUMBER: 09992420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 261 -
Other debtors 6,294 2,237
6,555 2,237

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 49,721 -
Trade creditors 1,749 5,183
Taxation and social security 80,747 18,374
Other creditors 1,004,535 1,646,963
1,136,752 1,670,520

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 1,280,874 837,500
Other creditors 1,255,000 1,255,000
2,535,874 2,092,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgages more 5 yrs non-inst 1,032,226 437,500

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 49,721 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 248,648 400,000

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Mortgages more 5 yrs non-inst 1,032,226 437,500

MORRIS INVESTMENTS (CAMBRIDGE) LTD. (REGISTERED NUMBER: 09992420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,330,595 837,500

Mortgages are secured by a fixed charge over the investment properties specified within the Registration of Charge.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 240,477 181,813

Deferred
tax
£   
Balance at 1 April 2023 181,813
Charge to Profit and loss account during year 1,250
Effect of change in tax rate 57,414
Balance at 31 March 2024 240,477

Deferred tax is recognised in respect of the fair value gains on investment property shown within note 4 of the financial statements.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
405,163,200 Ordinary A 1p 4,051,633 4,051,633
4,220,450 Ordinary B 1p 42,205 42,205
4,220,450 Ordinary C 1p 42,205 42,205
4,220,450 Ordinary D 1p 42,205 42,205
4,220,450 Ordinary E 1p 42,205 42,205
4,220,453 4,220,453

13. RELATED PARTY DISCLOSURES

A director loaned the company £1,255,000 (2023 : £1,255,000) on an interest free basis. This balance is repayable on a rolling 53 week basis and is disclosed within creditors due in more than one year.

A further £919,610 (2023: £1,475,013) is due to the directors which is interest free and repayable on demand.