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Registration number: 00537701

Morris Builders (Aylesbury) Limited

Filleted Financial Statements

for the Year Ended 31 August 2024

 

Morris Builders (Aylesbury) Limited

Contents

Statement of Directors' Responsibilities

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Morris Builders (Aylesbury) Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Morris Builders (Aylesbury) Limited

(Registration number: 00537701)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

5

2,257,057

2,162,419

Current assets

 

Debtors

6

800

8,139

Cash at bank and in hand

 

119,129

111,002

 

119,929

119,141

Creditors: Amounts falling due within one year

7

(43,108)

(9,584)

Net current assets

 

76,821

109,557

Net assets

 

2,333,878

2,271,976

Capital and reserves

 

Called up share capital

8

19,850

19,850

Share premium reserve

8,710

8,710

Capital redemption reserve

150

150

Retained earnings

2,305,168

2,243,266

Shareholders' funds

 

2,333,878

2,271,976

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 June 2025 and signed on its behalf by:
 

.........................................
W Morris
Director

 

Morris Builders (Aylesbury) Limited

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

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
30 St Giles'
Oxford
OX1 3LE

These financial statements were authorised for issue by the Board on 24 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 24 June 2025 was Anthony Haines Bsc FCA, who signed for and on behalf of Wenn Townsend.

Revenue recognition

Turnover represents dividends receivable during the year. Turnover is shown net of sales/value added tax, credits, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Morris Builders (Aylesbury) Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Morris Builders (Aylesbury) Limited

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Directors remuneration

The amounts paid to directors by the company (including any benefits) during the year, was £nil (2023 - £nil).

 

Morris Builders (Aylesbury) Limited

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

5

Fixed asset investments

Investments
£

Total
£

Non-current financial assets

Cost or valuation

At 1 September 2023

2,162,419

2,162,419

Fair value adjustments

169,889

169,889

Additions

4,181,706

4,181,706

Disposals

(4,256,957)

(4,256,957)

At 31 August 2024

2,257,057

2,257,057

Carrying amount

At 31 August 2024

2,257,057

2,257,057

6

Debtors

2024
£

2023
£

Prepayments

800

800

Other debtors

-

7,339

800

8,139

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

-

3,835

Taxation and social security

 

34,546

-

Accruals and deferred income

 

8,562

5,749

 

43,108

9,584

 

Morris Builders (Aylesbury) Limited

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

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of of £1 each

19,850

19,850

19,850

19,850

       

9

Dividends

2024

2023

£

£

Final dividend of £1.00 (2023 - £2.00) per ordinary share

19,850

39,700

Interim dividend of £3.50 (2023 - £3.25) per ordinary share

89,325

64,513

109,175

104,213

 

 

10

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

-

3,835