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REGISTERED NUMBER: OC325771 (England and Wales)








Unaudited Financial Statements

for the Year Ended

29 February 2024

for

Morley Flower LLP

Morley Flower LLP (Registered number: OC325771)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Morley Flower LLP

General Information
for the Year Ended 29 February 2024







DESIGNATED MEMBERS: A J F Morley
Mrs L J Morley





REGISTERED OFFICE: 22 The Tything
Worcester
WR1 1HD





REGISTERED NUMBER: OC325771 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Morley Flower LLP (Registered number: OC325771)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 247 329
Investment property 5 483,122 483,122
483,369 483,451

CURRENT ASSETS
Debtors 6 12,772 12,226
Cash at bank 3,804 2,759
16,576 14,985
CREDITORS
Amounts falling due within one year 7 105,464 102,346
NET CURRENT LIABILITIES (88,888 ) (87,361 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

394,481

396,090

CREDITORS
Amounts falling due after more than one year 8 187,672 206,477
NET ASSETS ATTRIBUTABLE TO
MEMBERS

206,809

189,613

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

206,809

189,613

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 206,809 189,613

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 29 February 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Morley Flower LLP (Registered number: OC325771)

Balance Sheet - continued
29 February 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 17 October 2024 and were signed by:





A J F Morley - Designated member

Morley Flower LLP (Registered number: OC325771)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Morley Flower LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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
Fixtures and fittings - 25% 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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 11,529 9,817 21,346
DEPRECIATION
At 1 March 2023 11,414 9,603 21,017
Charge for year 29 53 82
At 29 February 2024 11,443 9,656 21,099
NET BOOK VALUE
At 29 February 2024 86 161 247
At 28 February 2023 115 214 329

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 483,122
NET BOOK VALUE
At 29 February 2024 483,122
At 28 February 2023 483,122

Morley Flower LLP (Registered number: OC325771)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 12,772 12,226

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,044 19,839
Trade creditors 664 664
Other creditors 84,756 81,843
105,464 102,346

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 187,672 206,477

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 112,306 130,687

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 207,716 226,316

The above debts are secured by floating charges over the company's assets.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 206,809 189,613

Falling due within one year 206,809 189,613

The amounts in 'loans and other debts due to members' will be ranked after other creditors.