1 February 2023 false No description of principal activity Taxfiler 2024.5 11680224business:PrivateLimitedCompanyLtd2023-02-012024-01-31 116802242023-01-31 116802242023-02-012024-01-31 11680224business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 11680224business:FilletedAccounts2023-02-012024-01-31 116802242024-01-31 11680224business:Director12023-02-012024-01-31 11680224business:Director22023-02-012024-01-31 11680224business:RegisteredOffice2023-02-012024-01-31 116802242023-01-31 11680224core:WithinOneYear2024-01-31 11680224core:WithinOneYear2023-01-31 11680224core:AfterOneYear2024-01-31 11680224core:AfterOneYear2023-01-31 11680224core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 11680224core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 11680224core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 11680224core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 11680224core:PreviouslyStatedAmount2024-01-31 11680224core:PreviouslyStatedAmount2023-01-31 11680224business:SmallEntities2023-02-012024-01-31 11680224countries:EnglandWales2023-02-012024-01-31 11680224core:LandBuildings2023-02-012024-01-31 11680224core:LandBuildings2023-01-31 11680224core:LandBuildings2024-01-31 11680224business:Director122023-02-012024-01-31 11680224business:Director122023-01-31 11680224business:Director122024-01-31 11680224business:Director212023-02-012024-01-31 11680224business:Director212023-01-31 11680224business:Director212024-01-31 116802242022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 11680224 (England and Wales)
G & S Morgan Properties Limited Unaudited accounts for the year ended 31 January 2024
G & S Morgan Properties Limited Unaudited accounts Contents
Page
- 2 -
G & S Morgan Properties Limited Company Information for the year ended 31 January 2024
Directors
Greg Morgan Sheena Morgan
Company Number
11680224 (England and Wales)
Registered Office
8 Farndon Avenue Wallasey Merseyside CH45 3JX UK
- 3 -
G & S Morgan Properties Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
177,500 
177,500 
Current assets
Debtors
750 
750 
Cash at bank and in hand
7,451 
1,862 
8,201 
2,612 
Creditors: amounts falling due within one year
(81,992)
(88,838)
Net current liabilities
(73,791)
(86,226)
Total assets less current liabilities
103,709 
91,274 
Creditors: amounts falling due after more than one year
(102,370)
(110,610)
Net assets/(liabilities)
1,339 
(19,336)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,337 
(19,338)
Shareholders' funds
1,339 
(19,336)
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 5 October 2024 and were signed on its behalf by
Greg Morgan Director Company Registration No. 11680224
- 4 -
G & S Morgan Properties Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
G & S Morgan Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11680224. The registered office is 8 Farndon Avenue, Wallasey, Merseyside, CH45 3JX, UK.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
n/a
The company started to trade on 11/03/2019.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2023
177,500 
At 31 January 2024
177,500 
Depreciation
At 31 January 2024
- 
Net book value
At 31 January 2024
177,500 
At 31 January 2023
177,500 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
750 
750 
- 5 -
G & S Morgan Properties Limited Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
16,766 
16,667 
Taxes and social security
314 
- 
Loans from directors
64,312 
71,971 
Accruals
600 
200 
81,992 
88,838 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
102,370 
110,610 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Greg Morgan
loan from Greg Morgan
26,980 
- 
- 
26,980 
Sheena Morgan
loan from Sheena Morgan
44,991 
- 
- 
44,991 
71,971 
- 
- 
71,971 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -