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REGISTERED NUMBER: 13997824 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MORGAN PROPERTY SERVICES (SUSSEX)
LIMITED

MORGAN PROPERTY SERVICES (SUSSEX)
LIMITED (REGISTERED NUMBER: 13997824)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MORGAN PROPERTY SERVICES (SUSSEX)
LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: L M Hopkins
Ms S Babre





REGISTERED OFFICE: 4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU





REGISTERED NUMBER: 13997824 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

MORGAN PROPERTY SERVICES (SUSSEX)
LIMITED (REGISTERED NUMBER: 13997824)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 197 262

CURRENT ASSETS
Debtors 5 18,949 -
Cash at bank 49,463 32,031
68,412 32,031
CREDITORS
Amounts falling due within one year 6 15,184 11,373
NET CURRENT ASSETS 53,228 20,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,425

20,920

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 53,325 20,820
SHAREHOLDERS' FUNDS 53,425 20,920

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





L M Hopkins - Director


MORGAN PROPERTY SERVICES (SUSSEX)
LIMITED (REGISTERED NUMBER: 13997824)

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

1. STATUTORY INFORMATION

Morgan Property Services (Sussex) 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.
Fixtures and fittings - 25% on reducing balance

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 ) .

MORGAN PROPERTY SERVICES (SUSSEX)
LIMITED (REGISTERED NUMBER: 13997824)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 349
DEPRECIATION
At 1 April 2023 87
Charge for year 65
At 31 March 2024 152
NET BOOK VALUE
At 31 March 2024 197
At 31 March 2023 262

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 18,949 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,291 2,400
Taxation and social security 12,893 8,973
15,184 11,373

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
100 100

8. RESERVES
Retained
earnings
£   

At 1 April 2023 20,820
Profit for the year 49,505
Dividends (17,000 )
At 31 March 2024 53,325