REGISTERED NUMBER: 01858132 (England and Wales)

A.E. Morris Limited

Unaudited Financial Statements For The Year Ended 30 November 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A E Morris

B Morris

SECRETARY:

B Morris

REGISTERED OFFICE:

The Water Tower J3 Business Park

Carr Hill

Doncaster

DN4 8DE

REGISTERED NUMBER:

01858132 (England and Wales)

ACCOUNTANTS:

Kingswood Allotts Limited

Chartered Accountants

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

SOLICITORS:

Knights PLC

14 Commercial Street

Sheffield

S1 2AT

FIXED ASSETS

Tangible assets

4

7,041

10,791

Investments

5

2,640,847

2,523,825

Investment property

6

351,168

351,168

2,999,056

2,885,784

CURRENT ASSETS

Debtors

7

736,515

655,589

Cash at bank

16,356

14,858

752,871

670,447

CREDITORS

Amounts falling due within one year

8

281,768

266,202

NET CURRENT ASSETS

471,103

404,245

TOTAL ASSETS LESS CURRENT LIABILITIES

3,470,159

3,290,029

PROVISIONS FOR LIABILITIES

1,760

2,698

NET ASSETS

3,468,399

3,287,331

CAPITAL AND RESERVES

Called up share capital

9

11,500

11,500

Revaluation reserve

10

10,000

10,000

Retained earnings

3,446,899

3,265,831

SHAREHOLDERS' FUNDS

3,468,399

3,287,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

A E Morris - Director

1.	STATUTORY INFORMATION

A.E. Morris Limited 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 comprises revenue recognised by the company in respect of rents and services supplied during the year, exclusive of Value Added Tax and discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant, fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Investment properties

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.

Investments

Investments in associates held as fixed assets are shown at cost less provision for impairment.

Investments in LLP held as fixed assets are shown at the total of the capital account and member account balances held in the LLP.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant,

fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 December 2023

and 30 November 2024

24,998

22,276

47,274

DEPRECIATION

At 1 December 2023

14,207

22,276

36,483

Charge for year

3,750

-

3,750

At 30 November 2024

17,957

22,276

40,233

NET BOOK VALUE

At 30 November 2024

7,041

-

7,041

At 30 November 2023

10,791

-

10,791

5.	FIXED ASSET INVESTMENTS

Interest in other participating interests

Other investments

Totals

£

£

£

COST

At 1 December 2023

2,523,242

583

2,523,825

Share of profit

162,174

-

162,174

Distributions received

(45,152

)

-

(45,152

)

At 30 November 2024

2,640,264

583

2,640,847

NET BOOK VALUE

At 30 November 2024

2,640,264

583

2,640,847

At 30 November 2023

2,523,242

583

2,523,825

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2023

and 30 November 2024

351,168

NET BOOK VALUE

At 30 November 2024

351,168

At 30 November 2023

351,168

Fair value at 30 November 2024 is represented by:

£

Valuation in 2018

255,000

Cost

96,168

351,168

If investment properties had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

341,168

341,168

Investment properties were valued on an open market basis on 30 November 2024 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

44,530

13,116

Other debtors

633,593

527,742

Directors' current accounts

58,392

104,565

s455 tax recoverable

-

10,166

736,515

655,589

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,066

1,015

Taxation

72,419

44,846

Social security and other taxes

7,901

4,363

Other creditors

197,832

213,285

Accruals and deferred income

1,550

2,693

281,768

266,202

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

11,500

Ordinary

£1

11,500

11,500

10.

RESERVES

Revaluation

reserve

£

At 1 December 2023

and 30 November 2024

10,000

11.	RELATED PARTY DISCLOSURES

During the year, the company made payments of £41,900 (2023: £110,000) to companies in which it has a participating interest. At the year end, the company was owed £365,400 (2023: £323,500) by companies in which it has a participating interest. These amounts are interest free.

During the year, the company paid expenses on behalf of directors of £42,048 (2023: £104,507), charged interest of £1,779 (2023: £1,034) and declared dividends to directors totalling £50,000 (2023: £Nil). At the year end, directors owed the company £58,392 (2023: £104,565). These amounts were paid off within 9 months of the year end. These amounts are unsecured, repayable on demand and are subject to interest at the prevailing HMRC benefit-in-kind rate.

Turnover includes £109,200 (2023: £109,200) for services provided to an LLP in which A.E. Morris Limited is a member. At the year end, the company held £2,640,264 (2023: £2,523,241) by way of capital and current investment in the LLP and owed £27,929 (2023: £27,929) to the LLP.