REGISTERED NUMBER: 14453427 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

MORRIS&SON PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr L M Morris

REGISTERED OFFICE:

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

REGISTERED NUMBER:

14453427 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

4

583

874

Investment property

5

832,605

324,742

833,188

325,616

CURRENT ASSETS

Debtors

6

1,658

1,250

Cash at bank

12,809

987

14,467

2,237

CREDITORS

Amounts falling due within one year

7

429,906

150,052

NET CURRENT LIABILITIES

(415,439

)

(147,815

)

TOTAL ASSETS LESS CURRENT LIABILITIES

417,749

177,801

CREDITORS

Amounts falling due after more than one year

8

(285,367

)

(149,625

)

PROVISIONS FOR LIABILITIES

9

(9,477

)

(9,477

)

NET ASSETS

122,905

18,699

CAPITAL AND RESERVES

Called up share capital

10

10

10

Revaluation reserve

11

158,934

49,876

Retained earnings

(36,039

)

(31,187

)

SHAREHOLDERS' FUNDS

122,905

18,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 28 August 2025 and were signed by:

Mr L M Morris - Director

1.	STATUTORY INFORMATION

Morris&Son Property Ltd 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.

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 Companies Act 2006. 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.

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 etc

-

33% on cost

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

874

DEPRECIATION

Charge for year

291

At 28 February 2025

291

NET BOOK VALUE

At 28 February 2025

583

At 29 February 2024

874

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

324,742

Additions

398,806

Revaluations

109,057

At 28 February 2025

832,605

NET BOOK VALUE

At 28 February 2025

832,605

At 29 February 2024

324,742

In the opinion of the director the current carrying value of the company's investment properties are equal to their fair value as at the 29/02/2024.

Fair value at 28 February 2025 is represented by:

£

Valuation in 2024

49,877

Valuation in 2025

109,057

Cost

673,671

832,605

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Other debtors

1,658

1,250

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Other creditors

429,906

150,052

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28/2/25

29/2/24

£

£

Bank loans

285,367

149,625

9.	PROVISIONS FOR LIABILITIES

28/2/25

29/2/24

£

£

Deferred tax

9,477

9,477

Deferred

tax

£

Balance at 1 March 2024

9,477

Balance at 28 February 2025

9,477

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/2/25

29/2/24

value:

£

£

10

Ordinary

£1

10

10

11.

RESERVES

Revaluation

reserve

£

At 1 March 2024

49,876

Revaluation reserve

109,058

At 28 February 2025

158,934