REGISTERED NUMBER: 10859993 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

MORRELL PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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 ) .

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

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

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