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REGISTERED NUMBER: 13536337 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

MORGAN DEI LTD

MORGAN DEI LTD (REGISTERED NUMBER: 13536337)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORGAN DEI LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs T Morgan
Mr P Morgan





REGISTERED OFFICE: 56 Cranborne Avenue
Westcroft
Milton Keynes
MK4 4ET





REGISTERED NUMBER: 13536337 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

MORGAN DEI LTD (REGISTERED NUMBER: 13536337)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 410,500 263,000

CURRENT ASSETS
Debtors 5 9,539 3,324
Cash at bank 3,303 1,794
12,842 5,118
CREDITORS
Amounts falling due within one year 6 (233,892 ) (154,671 )
NET CURRENT LIABILITIES (221,050 ) (149,553 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,450

113,447

CREDITORS
Amounts falling due after more than one
year

7

(224,991

)

(121,866

)
NET LIABILITIES (35,541 ) (8,419 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 1,272 4,983
Retained earnings (36,913 ) (13,502 )
SHAREHOLDERS' FUNDS (35,541 ) (8,419 )

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

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

MORGAN DEI LTD (REGISTERED NUMBER: 13536337)

BALANCE SHEET - continued
31 JULY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





Mr P Morgan - Director


MORGAN DEI LTD (REGISTERED NUMBER: 13536337)

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

1. STATUTORY INFORMATION

Morgan Dei 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable on investment properties for the accounting period.

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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY


Cost or valuation at 31 July 2024 is represented by:
£   
Valuation in 2023 6,152
Valuation in 2024 (4,581 )
Cost 408,929
410,500

MORGAN DEI LTD (REGISTERED NUMBER: 13536337)

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

4. INVESTMENT PROPERTY - continued

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

2024 2023
£    £   
Cost 408,929 256,848

Investment property was valued on an open market basis on 31 July 2024 by the directors .

The company owns 4 investment properties and combined value of the properties are £410,500 at the financial year end July 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 950 550
Other debtors 8,589 2,774
9,539 3,324

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 233,892 154,671

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 224,991 121,866

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 224,991 121,866

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 224,991 121,866

The mortgage is secured by a fixed charge over the assets in the company including the investment properties.

MORGAN DEI LTD (REGISTERED NUMBER: 13536337)

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

9. RESERVES
Fair
value
reserve
£   
At 1 August 2023 4,983
Non-distributable reserve (3,711 )

At 31 July 2024 1,272