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REGISTERED NUMBER: 10859993 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JULY 2025 |

| FOR |

| MORRELL PROPERTIES LIMITED |

MORRELL PROPERTIES LIMITED (REGISTERED NUMBER: 10859993)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

MORRELL PROPERTIES LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTORS: | Mrs L A Morrell

| Mr C E Morrell

| REGISTERED OFFICE: | Unit 2.02

| High Weald House

| Glovers End

| Bexhill

| East Sussex

| TN39 5ES

| REGISTERED NUMBER: | 10859993 (England and Wales)

| ACCOUNTANTS: | Acuity Professional Partnership LLP

| Unit 2.02 High Weald House

| Glovers End

| Bexhill

| East Sussex

| TN39 5ES

MORRELL PROPERTIES LIMITED (REGISTERED NUMBER: 10859993)

BALANCE SHEET

31 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 264 |  | - |  |

Investment property | 5 | 455,000 |  | 365,235 |  |

455,264 |  | 365,235 |  |

CURRENT ASSETS

Cash at bank | 33,127 |  | 26,559 |  |

CREDITORS

Amounts falling due within one year | 6 | 141,663 |  | 143,716 |  |

NET CURRENT LIABILITIES | (108,536 | ) | (117,157 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 346,728 |  | 248,078 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (247,999 | ) | (247,999 | ) |

PROVISIONS FOR LIABILITIES | 9 | (22,507 | ) | - |  |

NET ASSETS | 76,222 |  | 79 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 200 |  | 200 |  |

Special reserve | 11 | 67,324 |  | - |  |

Retained earnings | 11 | 8,698 |  | (121 | ) |

SHAREHOLDERS' FUNDS | 76,222 |  | 79 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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.

MORRELL PROPERTIES LIMITED (REGISTERED NUMBER: 10859993)

BALANCE SHEET - continued

31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by:

Mrs L A Morrell - Director

MORRELL PROPERTIES LIMITED (REGISTERED NUMBER: 10859993)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| Morrell Properties 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.

| TANGIBLE FIXED ASSETS

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

| Computer Equipment - 33% on cost

| INVESTMENT PROPERTY

| 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 Statement of Income and Retained Earnings, 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

MORRELL PROPERTIES LIMITED (REGISTERED NUMBER: 10859993)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| Cost

| At 1 August 2024 | 320 |  |

| Additions | 292 |  |

| At 31 July 2025 | 612 |  |

| Depreciation

| At 1 August 2024 | 320 |  |

| Charge for year | 28 |  |

| At 31 July 2025 | 348 |  |

| Net book value

| At 31 July 2025 | 264 |  |

| At 31 July 2024 | - |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| Fair value

| At 1 August 2024 | 365,235 |  |

| Revaluations | 89,765 |  |

| At 31 July 2025 | 455,000 |  |

| Net book value

| At 31 July 2025 | 455,000 |  |

| At 31 July 2024 | 365,235 |  |

| Fair value at 31 July 2025 is represented by:

£ |

| Valuation in 2025 | 89,765 |  |

| Cost | 365,235 |  |

455,000 |  |

MORRELL PROPERTIES LIMITED (REGISTERED NUMBER: 10859993)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

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

2025 | 2024 |

£ | £ |

| Tax | 803 |  | 1,472 |  |

| Directors' current accounts | 139,550 |  | 141,108 |  |

| Accruals and deferred income | 1,310 |  | 1,136 |  |

141,663 |  | 143,716 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans more 5 yrs non-inst | 247,999 |  | 247,999 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 247,999 |  | 247,999 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 247,999 |  | 247,999 |  |

| The bank loan is secured over the investment property more fully described as 18 Westfield Close, Brighton BN1 8EN.

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 22,507 |  | - |  |

| Deferred |

| tax |

£ |

| Provided during year | 22,507 |  |

| Balance at 31 July 2025 | 22,507 |  |

MORRELL PROPERTIES LIMITED (REGISTERED NUMBER: 10859993)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

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

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

| 100 | A Ordinary | £1 | 100 |  | 100 |  |

200 |  | 200 |  |

11. | RESERVES

| Retained |  | Special |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 August 2024 | (121 | ) | - |  | (121 | ) |

| Profit for the year | 76,143 |  | 76,143 |  |

| Special Reserve | (67,324 | ) | 67,324 |  | - |  |

| At 31 July 2025 | 8,698 |  | 67,324 |  | 76,022 |  |