REGISTERED NUMBER: 10786174 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Morris Residential Investments Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

T G Morris

REGISTERED OFFICE:

Wadebridge Farm

Landwade

Newmarket

CB87NE

REGISTERED NUMBER:

10786174 (England and Wales)

FIXED ASSETS

Tangible assets

5

898

1,197

Investments

6

1,091,630

1,051,211

Investment property

7

1,217,104

1,217,104

2,309,632

2,269,512

CURRENT ASSETS

Debtors

8

2,663

2,379

Cash at bank

7,009

2,487

9,672

4,866

CREDITORS

Amounts falling due within one year

9

(282,555

)

(300,804

)

NET CURRENT LIABILITIES

(272,883

)

(295,938

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,036,749

1,973,574

CAPITAL AND RESERVES

Called up share capital

500,000

500,000

Capital contribution

1,500,000

1,500,000

Retained earnings

36,749

(26,426

)

SHAREHOLDERS' FUNDS

2,036,749

1,973,574

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 29 October 2025 and were signed by:

T G Morris - Director

1.	STATUTORY INFORMATION

Morris Residential Investments Limited ('The Company') is a family investment company.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and that of the registered office is 38 Cambridge Road, Sawston, Cambridgeshire, CB22 3DG. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Summary of significant accounting policies

The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern

Not withstanding any uncertainties, including the net current liability position shown in the balance sheet, no material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the director.

Therefore, the director considers it appropriate to prepare the financial statements on the going concern basis.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at fair value, the fair value is reviewed annually by the director. Any aggregate surplus or deficit arising from changes in the fair value in the year is recognised in the profit or loss within the Statement of Comprehensive Income. The cumulative fair value surplus on the investment property is highlighted in the notes to the financial statements as non-distributable reserves. Rentals are recognised on a straight line basis over the period of the lease or to the date of the next rent review. Net rental income after direct costs is included in other operating income.

Listed investments

Listed investments are shown at fair value, the fair value is reviewed annually by the director. Any aggregate surplus or deficit arising from changes in the fair value in the year is recognised in the profit or loss within the Statement of Comprehensive Income. Investment income from listed investments is shown separately on the income statement.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

3,816

4,134

7,950

DEPRECIATION

At 1 April 2024

2,619

4,134

6,753

Charge for year

299

-

299

At 31 March 2025

2,918

4,134

7,052

NET BOOK VALUE

At 31 March 2025

898

-

898

At 31 March 2024

1,197

-

1,197

6.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 April 2024

1,051,211

Additions

37,931

Disposals

(5,000

)

Charges

(9,223

)

Profit/(loss) on investments

16,711

At 31 March 2025

1,091,630

NET BOOK VALUE

At 31 March 2025

1,091,630

At 31 March 2024

1,051,211

Cost or valuation at 31 March 2025 is represented by:

Listed

investments

£

Valuation in 2025

1,091,630

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,217,104

NET BOOK VALUE

At 31 March 2025

1,217,104

At 31 March 2024

1,217,104

In the opinion of the director there has been no change to the fair values in the year of the investment properties.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

1,217,104

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,663

2,379

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

179

-

Taxation and social security

17

502

Other creditors

282,359

300,302

282,555

300,804

10.	LEASING AGREEMENTS

Minimum lease payments receivable fall due as follows:

Non-cancellable operating

leases

2025

2024

£

£

Within one year

26,325

23,025

Between one and five years

-

-

26,325

23,025

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 March 2025 an amount of £275,825 (2024: £284,667) is owed to the director and is included within creditors: amounts falling due within one year.

During the year interest of £nil (2024: £4,000) has been incurred by the company in respect of the director's loan.

12.	NON-DISTRIBUTABLE RESERVES

Included within retained earnings is an amount of £57,504 (2024: £57,504) which is non-distributable.