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REGISTERED NUMBER: 07253938 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Morag Thomson Limited

| Morag Thomson Limited (Registered number: 07253938) |

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Morag Thomson Limited |

Company Information

for the Year Ended 30 April 2025

| DIRECTOR: | Mrs M E Thomson

| REGISTERED OFFICE: | The Bower House

| 1 Loughborough Road

| Mountsorrel

| Leicestershire

| LE12 7AP

| REGISTERED NUMBER: | 07253938 (England and Wales)

| ACCOUNTANTS: | Franklins

| 18 St Christopher's Way

| Pride Park

| Derby

| Derbyshire

| DE24 8JY

| Morag Thomson Limited (Registered number: 07253938) |

Balance Sheet

30 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Investments | 5 | 228,002 |  | 224,540 |  |

228,002 |  | 224,540 |  |

CURRENT ASSETS

Debtors | 6 | 576,008 |  | 598,292 |  |

Cash at bank | 25,206 |  | 20,129 |  |

601,214 |  | 618,421 |  |

CREDITORS

Amounts falling due within one year | 7 | 460,317 |  | 483,058 |  |

NET CURRENT ASSETS | 140,897 |  | 135,363 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 368,899 |  | 359,903 |  |

PROVISIONS FOR LIABILITIES | 7,397 |  | - |  |

NET ASSETS | 361,502 |  | 359,903 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 1 |  | 1 |  |

Non distributable reserve | 9 | 31,533 |  | 34,187 |  |

Retained earnings | 329,968 |  | 325,715 |  |

SHAREHOLDERS' FUNDS | 361,502 |  | 359,903 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

| Morag Thomson Limited (Registered number: 07253938) |

Balance Sheet - continued

30 April 2025

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 15 September 2025 and were signed by:

Mrs M E Thomson - Director

| Morag Thomson Limited (Registered number: 07253938) |

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| Morag Thomson 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.

| Goodwill

| Purchased goodwill is amortised at rates calculated to write off asset on a straight line basis over their estimated useful economic lives as follows:

| Goodwill - ten years

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

3. | EMPLOYEES AND DIRECTORS

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

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 650,000 |  |

| AMORTISATION

| At 1 May 2024

| and 30 April 2025 | 650,000 |  |

| NET BOOK VALUE

| At 30 April 2025 | - |  |

| At 30 April 2024 | - |  |

| Goodwill arose on the purchase of the company's share in a partnership.

| Morag Thomson Limited (Registered number: 07253938) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1 May 2024 | 224,540 |  |

| Revaluations | 977 |  |

| Dividends received | 2,485 |  |

| At 30 April 2025 | 228,002 |  |

| NET BOOK VALUE

| At 30 April 2025 | 228,002 |  |

| At 30 April 2024 | 224,540 |  |

| Cost or valuation at 30 April 2025 is represented by:

| Other

| investments

£ |

| Valuation in 2021 | 25,689 |  |

| Valuation in 2022 | (9,336 | ) |

| Valuation in 2023 | (1,581 | ) |

| Valuation in 2024 | 24,768 |  |

| Valuation in 2025 | 3,462 |  |

| Cost | 185,000 |  |

228,002 |  |

| If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 185,000 |  | 185,000 |  |

| Fixed asset investments were valued on an open market basis basis on 30 April 2025 by St Jame's Place .

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Directors' current accounts | 453,315 |  | 470,121 |  |

| Section 455 tax repayable | 122,693 |  | 128,171 |  |

576,008 |  | 598,292 |  |

| Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

| Morag Thomson Limited (Registered number: 07253938) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Tax | 532 |  | 1,533 |  |

| Other creditors | 457,445 |  | 480,145 |  |

| Accruals and deferred income | 2,340 |  | 1,380 |  |

460,317 |  | 483,058 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

9. | RESERVES

| Non

| distributable

| reserve

£ |

| At 1 May 2024 | 34,187 |  |

| Revaluation movement | 977 |  |

| Deferred tax movement | (7,397 | ) |

| Adjustment re disposals | 3,766 |  |

| At 30 April 2025 | 31,533 |  |

10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025 | 2024 |

£ | £ |

| Mrs M E Thomson

| Balance outstanding at start of year | 470,121 |  | 488,609 |  |

| Amounts advanced | 12,786 |  | 12,373 |  |

| Amounts repaid | (29,592 | ) | (30,861 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 453,315 |  | 470,121 |  |

| Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of 2.25% to 5th April 2025 and 3.75% there after as appropriate.

11. | RELATED PARTY DISCLOSURES

| The balance outstanding on interest free loans provided from companies with common directors amounted to £457,445 (2024: £480,145).