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Registered number: 12942239









MORPETH COURT HOUSE LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
MORPETH COURT HOUSE LTD
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MORPETH COURT HOUSE LTD
FOR THE YEAR ENDED 31 OCTOBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mortpeth Court House Limited  for the year ended 31 October 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of Mortpeth Court House Limited  in accordance with the terms of our engagement letter dated 24 July 2025Our work has been undertaken solely to prepare for your approval the financial statements of Mortpeth Court House Limited  and state those matters that we have agreed to state to the director of Morpeth Court House Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mortpeth Court House Limited  and its director for our work or for this report. 

It is your duty to ensure that Mortpeth Court House Limited  has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mortpeth Court House Limited . You consider that Mortpeth Court House Limited  is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Mortpeth Court House Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Fraser Russell Limited
 
77 Francis Road
Edgbaston
Birmingham
B16 8SP
24 July 2025
Page 1

 
MORPETH COURT HOUSE LTD
REGISTERED NUMBER: 12942239

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
39,243
-

Cash at bank and in hand
 5 
33,831
68,785

  
73,074
68,785

Creditors: amounts falling due within one year
 6 
(61,085)
(62,230)

Net current assets
  
 
 
11,989
 
 
6,555

Total assets less current liabilities
  
11,989
6,555

  

Net assets
  
11,989
6,555


Capital and reserves
  

Share premium account
  
1
1

Profit and loss account
  
11,988
6,554

  
11,989
6,555


Page 2

 
MORPETH COURT HOUSE LTD
REGISTERED NUMBER: 12942239
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 24 July 2025.




Shaban Suleman
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
MORPETH COURT HOUSE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Morpeth Court House Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration number of 12942239. The address of the registered office is 77 Francis Road, Edgbaston, Birmingham, England, B16 8SP. The principal activity of the company in the year under review was that of residents property management.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

Page 4

 
MORPETH COURT HOUSE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
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.


Page 5

 
MORPETH COURT HOUSE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Avg. number of employees
1
1


4.


Debtors

2024
2023
£
£


Other debtors
39,243
-

39,243
-



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
33,831
68,785

33,831
68,785


Page 6

 
MORPETH COURT HOUSE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
2,985
1,569

Other creditors
58,100
59,461

Accruals and deferred income
-
1,200

61,085
62,230



7.


Related party transactions

Mr S Suleman is the sole director and shareholder of the company. 
During the year the director recieved loans of £7,772 from the company. As at the balance sheet date, the director owed the company £ 6,411 (2023: £1,361),  which is shown in Other debtors due within one year.  
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.

 
Mr S Suleman is also trade as Shaban Properties.  
                                                                                                                                                        
During the year the company transacted with  Shaban Properties for good and services for a net amount of £68,732. As at the balance sheet date, the company owed £Nil (2023: £Nil) to Shaban Properties.      

The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet                     
                                                                                                                                                                      Mr S Suleman is also a director and shareholder of Ballentine Properties Limited.  
During the year the company transacted with Ballentine Properties Limited for good and services for a net amount of £20,625. As at the balance sheet date, the company owed Ballentine Properties Limited £30,000 (2023: £30,000) from Ballentine Properties  Limited which shown in other creditors due within one year.

The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet                         
Mr S Suleman is also a director and shareholder of Peckvale  Limited.  
During the year the company transacted with Peck House Development Limited for good and services for a net amount of £26,800. As at the balance sheet date, the Peck House Development Ltd owed the company  £26,800 (2023: £Nil) which shown in other debtors due within one year.
   
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.

Page 7

 
MORPETH COURT HOUSE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Controlling party

During the year the company was under the control of its sole shareholder and director, Mr S Suleman.

 
Page 8