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REGISTERED NUMBER: 09399929 (England and Wales)











Financial Statements

for the Year Ended 31 January 2024

for

MORGAN LEWIS DEVELOPMENTS LIMITED

MORGAN LEWIS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09399929)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORGAN LEWIS DEVELOPMENTS LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTOR: D F Morgan





SECRETARY: Mrs A Morgan





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 09399929 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

MORGAN LEWIS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09399929)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,991 2,895
Investment property 5 430,000 1,745,000
431,991 1,747,895

CURRENT ASSETS
Stocks 429,282 807,089
Debtors 6 26,600 -
Cash at bank 1,009,276 11
1,465,158 807,100
CREDITORS
Amounts falling due within one year 7 1,251,098 1,854,744
NET CURRENT ASSETS/(LIABILITIES) 214,060 (1,047,644 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

646,051

700,251

CREDITORS
Amounts falling due after more than one year 8 (18,334 ) (28,333 )

PROVISIONS FOR LIABILITIES (478 ) (19,869 )
NET ASSETS 627,239 652,049

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 - 82,361
Retained earnings 627,139 569,588
SHAREHOLDERS' FUNDS 627,239 652,049

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

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

The director acknowledges his 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 LEWIS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09399929)

Balance Sheet - continued
31 January 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 Accounts has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





D F Morgan - Director


MORGAN LEWIS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09399929)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Morgan Lewis Developments Limited 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.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Accounts, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MORGAN LEWIS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09399929)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 1,511 5,822 7,333
DEPRECIATION
At 1 February 2023 874 3,564 4,438
Charge for year 159 745 904
At 31 January 2024 1,033 4,309 5,342
NET BOOK VALUE
At 31 January 2024 478 1,513 1,991
At 31 January 2023 637 2,258 2,895

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 1,745,000
Disposals (1,315,000 )
At 31 January 2024 430,000
NET BOOK VALUE
At 31 January 2024 430,000
At 31 January 2023 1,745,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 26,600 -

All debtors are due within one year and have therefore not been discounted.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 35,283 56,665
Other creditors 1,205,815 1,788,079
1,251,098 1,854,744

MORGAN LEWIS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09399929)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

All creditors are payable within one year and have therefore not been discounted.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 18,334 28,333

9. RESERVES
Fair
value
reserve
£   
At 1 February 2023 82,361
Transfer to fair value 19,319
Realised gains (101,680 )

At 31 January 2024 -