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Company Registration No. 09559555 (England and Wales)
Morel Intl Solutions Ltd Unaudited accounts for the year ended 31 December 2024
Morel Intl Solutions Ltd Unaudited accounts Contents
Page
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Morel Intl Solutions Ltd Company Information for the year ended 31 December 2024
Director
Michele Tegon
Company Number
09559555 (England and Wales)
Registered Office
20 Fitzroy Square London W1T 6EJ England
Accountants
WellTax Limited 20 Fitzroy Square London W1T 6EJ
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Morel Intl Solutions Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
724,322 
519,436 
Tangible assets
2,594 
196 
726,916 
519,632 
Current assets
Debtors
146,517 
60,704 
Cash at bank and in hand
7,922 
83,108 
154,439 
143,812 
Creditors: amounts falling due within one year
(201,967)
(234,905)
Net current liabilities
(47,528)
(91,093)
Total assets less current liabilities
679,388 
428,539 
Creditors: amounts falling due after more than one year
(268,638)
(227,629)
Net assets
410,750 
200,910 
Capital and reserves
Called up share capital
103 
103 
Share premium
399,997 
399,997 
Profit and loss account
10,650 
(199,190)
Shareholders' funds
410,750 
200,910 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 July 2025 and were signed on its behalf by
Michele Tegon Director Company Registration No. 09559555
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Morel Intl Solutions Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Morel Intl Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 09559555. The registered office is 20 Fitzroy Square, London, W1T 6EJ, England. The principal place of business is 7 Manchester Square, London, W1U 3PQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Research and development
Expenditure on research and development is capitalized in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Morel Intl Solutions Ltd Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
519,436 
Additions
204,886 
At 31 December 2024
724,322 
Amortisation
At 1 January 2024
- 
At 31 December 2024
- 
Net book value
At 31 December 2024
724,322 
At 31 December 2023
519,436 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
1,908 
Additions
3,192 
At 31 December 2024
5,100 
Depreciation
At 1 January 2024
1,712 
Charge for the year
794 
At 31 December 2024
2,506 
Net book value
At 31 December 2024
2,594 
At 31 December 2023
196 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
21,026 
16,201 
Trade debtors
88,000 
- 
Accrued income and prepayments
4,795 
843 
Other debtors
32,696 
43,660 
146,517 
60,704 
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Morel Intl Solutions Ltd Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
8,422 
36,153 
Taxes and social security
3,010 
2,411 
Other creditors
20,111 
1,259 
Loans from directors
164,558 
175,960 
Accruals
5,866 
19,122 
201,967 
234,905 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
268,638 
227,629 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,025,000 Ordinary shares of £0.0001 each
102.50 
102.50 
10
Controlling party
The company's parent and ultimate parent undertaking is Ephelia Capital Gmbh, a company registered in Switzerland whose registered office address is Via Nassa 3A, 6900 Lugano, Switzerland.
11
Average number of employees
During the year the average number of employees was 1 (2023: 0).
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