REGISTERED NUMBER: 07253938 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Morag Thomson Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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.

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).