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REGISTERED NUMBER: 11057705 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MORLEY ESTATES LIMITED

MORLEY ESTATES LIMITED (REGISTERED NUMBER: 11057705)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORLEY ESTATES LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: J D Morley





REGISTERED OFFICE: 21 Orgreave Place
Sheffield
South Yorkshire
S13 9LU





REGISTERED NUMBER: 11057705 (England and Wales)

MORLEY ESTATES LIMITED (REGISTERED NUMBER: 11057705)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
CALLED UP SHARE CAPITAL NOT PAID 100 100

FIXED ASSETS
Investment property 5 446,000 587,780
446,100 587,880

CURRENT ASSETS
Debtors 6 1,077 2,324
Cash at bank 192 1,353
1,269 3,677
CREDITORS
Amounts falling due within one year 7 161,592 271,417
NET CURRENT LIABILITIES (160,323 ) (267,740 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,777

320,140

CREDITORS
Amounts falling due after more than one
year

8

(156,830

)

(298,280

)

PROVISIONS FOR LIABILITIES (28,102 ) -
NET ASSETS 100,845 21,860

MORLEY ESTATES LIMITED (REGISTERED NUMBER: 11057705)

BALANCE SHEET - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 84,306 -
Retained earnings 16,439 21,760
SHAREHOLDERS' FUNDS 100,845 21,860

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 director and authorised for issue on 17 April 2025 and were signed by:





J D Morley - Director


MORLEY ESTATES LIMITED (REGISTERED NUMBER: 11057705)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Morley Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


All monetary values stated within these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents rental income receivable which is recognised in the period to which it relates.

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.

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.


MORLEY ESTATES LIMITED (REGISTERED NUMBER: 11057705)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 587,780
Additions 500
Disposals (254,688 )
Revaluations 112,408
At 31 December 2024 446,000
NET BOOK VALUE
At 31 December 2024 446,000
At 31 December 2023 587,780

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 112,408
Cost 333,592
446,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 950 2,040
Other debtors 127 284
1,077 2,324

MORLEY ESTATES LIMITED (REGISTERED NUMBER: 11057705)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 1,123 -
Taxation and social security 306 1,772
Other creditors 160,163 269,645
161,592 271,417

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 156,830 298,280

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 156,830 298,280

The company's mortgage loan from Charter Court Financial Services Limited, trading as Paragon Bank PLC, is secured against the land & buildings to which this relates.

A loan of £156,830 that is secured against 96 Woodall Road, Rotherham is an interest only mortgage, Interest is currently charged at 3.80% per annum. The rate will be increased to 8.35% from 1st January onwards.

10. RESERVES
Fair
value
reserve
£   
Revaluation of investment prop 84,306

At 31 December 2024 84,306