REGISTERED NUMBER: 08822638 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Roger Morgan Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R M Morgan

REGISTERED OFFICE:

Granary Mead

Burley Lodge

Burley

Ringwood

Hants

BH24 4HS

REGISTERED NUMBER:

08822638 (England and Wales)

Fixed assets

Tangible assets

4

921

-

Investment property

5

390,589

-

391,510

-

Current assets

Cash at bank and in hand

10,477

1

Creditors

Amounts falling due within one year

6

(399,597

)

-

Net current (liabilities)/assets

(389,120

)

1

Total assets less current liabilities

2,390

1

Capital and reserves

Called up share capital

100

1

Retained earnings

2,290

-

2,390

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 30 September 2025 and were signed by:

R M Morgan - Director

1.	STATUTORY INFORMATION

Roger Morgan 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

TURNOVER AND REVENUE RECOGNITION

Turnover represents rents receivable and are credited to revenue in the accounting period in which they are receivable. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities

TANGIBLE FIXED ASSETS

Depreciation is charged so as to write off the cost of assets, other than investment properties, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% straight line

Investment properties

Not depreciated

INVESTMENT PROPERTY

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually, based on observable market prices, and adjusted if necessary for any difference in the nature location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Fair value gains and losses, together with the deferred tax, are transferred to a separate revaluation reserve as shown in the statement of changes in equity.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,228

At 31 December 2024

1,228

DEPRECIATION

Charge for year

307

At 31 December 2024

307

NET BOOK VALUE

At 31 December 2024

921

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

390,589

At 31 December 2024

390,589

NET BOOK VALUE

At 31 December 2024

390,589

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss for the period.

The investment property fair value of £390,589 (2023 - £nil) was determined by the director by reference to the current open market prices for comparable property and adjusted for any differences in the nature, location and condition of the specific asset. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £390,589 (2023 - £nil)

There has been no valuation of investment property by an independent valuer.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Corporation tax

1,018

-

Directors' current accounts

397,379

-

Accruals and deferred income

1,200

-

399,597

-