4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,068,321 89,679 1,158,000 1,158,000 1,068,321 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 10917780 2023-04-01 2024-03-31 10917780 2024-03-31 10917780 2023-03-31 10917780 2022-04-01 2023-03-31 10917780 2023-03-31 10917780 2022-03-31 10917780 bus:Director1 2023-04-01 2024-03-31 10917780 bus:Director2 2023-04-01 2024-03-31 10917780 bus:Director3 2023-04-01 2024-03-31 10917780 core:AfterOneYear 2024-03-31 10917780 core:AfterOneYear 2023-03-31 10917780 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 10917780 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 10917780 core:WithinOneYear 2024-03-31 10917780 core:WithinOneYear 2023-03-31 10917780 core:ShareCapital 2024-03-31 10917780 core:ShareCapital 2023-03-31 10917780 core:RevaluationReserve 2024-03-31 10917780 core:RevaluationReserve 2023-03-31 10917780 core:RetainedEarningsAccumulatedLosses 2024-03-31 10917780 core:RetainedEarningsAccumulatedLosses 2023-03-31 10917780 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 10917780 core:Non-currentFinancialInstruments 2024-03-31 10917780 core:Non-currentFinancialInstruments 2023-03-31 10917780 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 10917780 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10917780 bus:SmallEntities 2023-04-01 2024-03-31 10917780 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10917780 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10917780 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10917780 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 10917780
MORRPH Limited
Unaudited financial statements
31 March 2024
MORRPH Limited
Statement of financial position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,158,000
1,068,321
Investments
6
100
100
-----------
-----------
1,158,100
1,068,421
Current assets
Debtors
7
94,715
48,523
Cash at bank and in hand
46,358
87,575
---------
---------
141,073
136,098
Creditors: Amounts falling due within one year
8
( 425,499)
( 464,789)
---------
---------
Net current liabilities
( 284,426)
( 328,691)
-----------
-----------
Total assets less current liabilities
873,674
739,730
Creditors: Amounts falling due after more than one year
9
( 163,415)
( 163,415)
Provisions
Taxation including deferred tax
( 32,849)
( 15,810)
---------
---------
Net assets
677,410
560,505
---------
---------
Capital and reserves
Called up share capital
100
100
Revaluation reserve
140,041
67,401
Profit and loss account
537,269
493,004
---------
---------
Shareholders funds
677,410
560,505
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MORRPH Limited
Statement of financial position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 14 November 2024 , and are signed on behalf of the board by:
B G Morrish
C E Morrish
Director
Director
D K M Morrish
Director
Company registration number: 10917780
MORRPH Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA. The trading address of the company during the year was London Road, Brandon, Suffolk, IP27 0NE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. Employee numbers
The average number of employees during the year was 4 (2023: 4 ).
5. Tangible assets
Investment property
£
Cost or valuation
At 1 April 2023
1,068,321
Revaluations
89,679
-----------
At 31 March 2024
1,158,000
-----------
Depreciation
At 1 April 2023 and 31 March 2024
-----------
Carrying amount
At 31 March 2024
1,158,000
-----------
At 31 March 2023
1,068,321
-----------
Included within the above is investment property as follows:
£
At 1 April 2023
1,068,321
Fair value adjustments
89,679
-----------
At 31 March 2024
1,158,000
-----------
The investment properties were revalued on 31 March 2024 by the directors of the company.
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
Investment property
£
At 31 March 2024
Aggregate cost
985,110
Aggregate depreciation
---------
Carrying value
985,110
---------
At 31 March 2023
Aggregate cost
985,110
Aggregate depreciation
---------
Carrying value
985,110
---------
6. Investments
Shares in group undertakings
£
Cost
At 1 April 2023 and 31 March 2024
100
----
Impairment
At 1 April 2023 and 31 March 2024
----
Carrying amount
At 31 March 2024
100
----
At 31 March 2023
100
----
7. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
94,715
48,523
-------
-------
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Social security and other taxes
4,917
3,976
Other creditors
420,582
460,813
---------
---------
425,499
464,789
---------
---------
9. Creditors: Amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
163,415
163,415
---------
---------