Caseware UK (AP4) 2023.0.135 2023.0.135 false12023-09-01Buying and selling of own real estate1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13591759 2023-09-01 2024-08-31 13591759 2022-09-01 2023-08-31 13591759 2024-08-31 13591759 2023-08-31 13591759 c:Director1 2023-09-01 2024-08-31 13591759 d:FreeholdInvestmentProperty 2024-08-31 13591759 d:FreeholdInvestmentProperty 2023-08-31 13591759 d:CurrentFinancialInstruments 2024-08-31 13591759 d:CurrentFinancialInstruments 2023-08-31 13591759 d:Non-currentFinancialInstruments 2024-08-31 13591759 d:Non-currentFinancialInstruments 2023-08-31 13591759 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 13591759 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13591759 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 13591759 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 13591759 d:ShareCapital 2024-08-31 13591759 d:ShareCapital 2023-08-31 13591759 d:RetainedEarningsAccumulatedLosses 2024-08-31 13591759 d:RetainedEarningsAccumulatedLosses 2023-08-31 13591759 c:OrdinaryShareClass1 2023-09-01 2024-08-31 13591759 c:OrdinaryShareClass1 2024-08-31 13591759 c:OrdinaryShareClass2 2023-09-01 2024-08-31 13591759 c:OrdinaryShareClass2 2024-08-31 13591759 c:FRS102 2023-09-01 2024-08-31 13591759 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13591759 c:FullAccounts 2023-09-01 2024-08-31 13591759 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13591759 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13591759










Morley Hill Investments Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 August 2024

 
Morley Hill Investments Limited
Registered number: 13591759

Balance Sheet
As at 31 August 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
2,689,638
2,689,638

  
2,689,638
2,689,638

Current assets
  

Debtors: amounts falling due within one year
 5 
21,914
29,116

Cash at bank and in hand
 6 
125,710
127,096

  
147,624
156,212

Creditors: amounts falling due within one year
 7 
(84,865)
(84,143)

Net current assets
  
 
 
62,759
 
 
72,069

Total assets less current liabilities
  
2,752,397
2,761,707

Creditors: amounts falling due after more than one year
 8 
(2,750,000)
(2,750,000)

  

Net assets
  
2,397
11,707


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
2,297
11,607

Total equity
  
2,397
11,707


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Morley Hill Investments Limited
Registered number: 13591759

Balance Sheet (continued)
As at 31 August 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 December 2024.




Fergus Robert Edward Bailie
Director

The notes on pages 3 to 6 form part of these financial statements.

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Morley Hill Investments Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2024

1.


General information

Morley Hill Investments Limited is a private company limited by shares incorporated in England. The registration number and address of the registered office are given in the company information section of these financial statements.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Director of Morley Hill Investments Limited, has viewed the resources available and believes that the company has adequate resources to continue in operational existence for the foreseeable future.
Accordingly, Morley Hill Investments Limited continues to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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Morley Hill Investments Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The number of employees including directors, during the year was 1 (2023 - 1).

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Morley Hill Investments Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2024

4.


Investment property


Investment property

£



Valuation


At 1 September 2023
2,689,638



At 31 August 2024
2,689,638



The Director has reviewed the value as at 31 August 2024 and believes this is still appropriate on the open market value for existing use basis.





5.


Debtors: amounts falling due within one year

2024
2023
£
£


Trade debtors
21,750
28,000

Prepayments and accrued income
164
1,116

21,914
29,116



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
125,710
127,096



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
-
1,500

Corporation tax
13,564
14,424

Other taxation and social security
7,147
6,248

Accruals and deferred income
64,154
61,971

84,865
84,143


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Morley Hill Investments Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 August 2024

8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Other creditors
2,750,000
2,750,000


Other creditors relates to the total outstanding amount due to the Bailie Group Limited (note 9).


9.


Related party transactions

During the year Morley Hill Investments Limited entered into transactions with Bailie Group Limited and Bailie Group Business Services Limited, companies deemed related parties due to common control.  
The total transactions in the year totalled £137,500 and £5,833 to Bailie Group Limited and Bailie Group Business Services Limited respectively. 
The total outstanding amount due to the Bailie Group Limited is shown in note 8.


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



75  Ordinary shares of £1.00 each
75
75
25  Ordinary shares of £1.00 each
25
25

100

100



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