Company registration number 13919257 (England and Wales)
MORGAN PETTEFAR LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MORGAN PETTEFAR LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
MORGAN PETTEFAR LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
5
140,198
149,343
Investments
6
38,000
38,000
Cash at bank and in hand
33
129,387
178,231
316,730
Creditors: amounts falling due within one year
7
(111,796)
(16,750)
Net current assets
66,435
299,980
Creditors: amounts falling due after more than one year
8
(196,217)
(380,790)
Net liabilities
(129,782)
(80,810)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(129,882)
(80,910)
Total equity
(129,782)
(80,810)
Company Registration No. 13919257
MORGAN PETTEFAR LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 27 August 2025 and are signed on its behalf by:
Mr P Oddey
Director
Company Registration No. 13919257
MORGAN PETTEFAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Morgan Pettefar Limited is a private company limited by shares incorporated in England and Wales. The registered office is Home Farm The Green, North Wootton, King's Lynn, England, PE30 3PR.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

MORGAN PETTEFAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
4
Financial instruments
2025
2024
£
£
Carrying amount of financial assets include:
Instruments measured at fair value through profit or loss
38,000
38,000
MORGAN PETTEFAR LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
140,198
149,343
6
Current asset investments
2025
2024
£
£
Other investments
38,000
38,000
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
20,666
-
0
Other creditors
91,130
16,750
111,796
16,750
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
368,513
Other creditors
196,217
12,277
196,217
380,790
2025-03-31 2024-04-01 false false false 27 August 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr P Oddey Mrs D Oddey 13919257 2024-04-01 2025-03-31 13919257 2025-03-31 13919257 2024-03-31 13919257 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 13919257 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13919257 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 13919257 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 13919257 core:CurrentFinancialInstruments core:AfterOneYear 2025-03-31 13919257 core:CurrentFinancialInstruments core:AfterOneYear 2024-03-31 13919257 core:ShareCapital 2025-03-31 13919257 core:ShareCapital 2024-03-31 13919257 core:RetainedEarningsAccumulatedLosses 2025-03-31 13919257 core:RetainedEarningsAccumulatedLosses 2024-03-31 13919257 bus:Director1 2024-04-01 2025-03-31 13919257 2023-04-01 2024-03-31 13919257 core:WithinOneYear 2025-03-31 13919257 core:WithinOneYear 2024-03-31 13919257 core:CurrentFinancialInstruments 2025-03-31 13919257 core:CurrentFinancialInstruments 2024-03-31 13919257 core:Non-currentFinancialInstruments 2025-03-31 13919257 core:Non-currentFinancialInstruments 2024-03-31 13919257 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13919257 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13919257 bus:FRS102 2024-04-01 2025-03-31 13919257 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13919257 bus:Director2 2024-04-01 2025-03-31 13919257 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP