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REGISTERED NUMBER: 11270680 (England and Wales)

| MORRIS PORTFOLIO LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST MARCH 2025 |

MORRIS PORTFOLIO LIMITED (REGISTERED NUMBER: 11270680) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| MORRIS PORTFOLIO LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2025

| DIRECTORS: | Miss A F Morris

| Mrs F Morris

| Mr G Morris

| Mr N B Morris

| Mr S B Morris

| Mrs J F Doherty

| REGISTERED OFFICE: | C/o Carston ETL

| Second Floor

| 34 Lime Street

| London

| EC3M 7AT

| REGISTERED NUMBER: | 11270680 (England and Wales)

| ACCOUNTANTS: | Carston ETL

| Chartered Accountants

| Second Floor

| 34 Lime Street

| London

| EC3M 7AT

MORRIS PORTFOLIO LIMITED (REGISTERED NUMBER: 11270680) |

BALANCE SHEET

31ST MARCH 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Investment property | 4 | 525,000 |  | 480,000 |  |

CURRENT ASSETS

Debtors | 5 | 469 |  | 305 |  |

Cash at bank | 2,227 |  | 4,444 |  |

2,696 |  | 4,749 |  |

CREDITORS

Amounts falling due within one year | 6 | 421,102 |  | 434,089 |  |

NET CURRENT LIABILITIES | (418,406 | ) | (429,340 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 106,594 |  | 50,660 |  |

PROVISIONS FOR LIABILITIES | 9,126 |  | 576 |  |

NET ASSETS | 97,468 |  | 50,084 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 38,906 |  | 2,456 |  |

Retained earnings | 58,462 |  | 47,528 |  |

97,468 |  | 50,084 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th November 2025 and were signed on its behalf by:

Mrs F Morris - Director

MORRIS PORTFOLIO LIMITED (REGISTERED NUMBER: 11270680) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

1. | STATUTORY INFORMATION

| Morris Portfolio 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 (£).

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

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.

| Turnover

| Turnover represents the total rent receivable during the period.

| Investment property

| Investment properties are shown at their fair value. Any adjustment to the fair value of the investment properties is recognised in the profit and loss account for the year.

| In accordance with FRS 102 1A no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified.The directors consider that this policy results in the financial statements giving a true and fair view.

| 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.

| Debtors and creditors receivable / payable within one year

| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

| transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

| administrative expenses.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 6 (2024 - 6 ) .

MORRIS PORTFOLIO LIMITED (REGISTERED NUMBER: 11270680) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

4. | INVESTMENT PROPERTY

Total |

| £

| FAIR VALUE

| At 1st April 2024 | 480,000 |  |

| Revaluations | 45,000 |  |

| At 31st March 2025 | 525,000 |  |

| NET BOOK VALUE

| At 31st March 2025 | 525,000 |  |

| At 31st March 2024 | 480,000 |  |

| Fair value at 31st March 2025 is represented by:

| £

| Valuation in 2022 | 48,032 |  |

| Valuation in 2023 | (25,000 | ) |

| Valuation in 2024 | (20,000 | ) |

| Valuation in 2025 | 45,000 |  |

| Cost | 476,968 |  |

525,000 |  |

| In the opinion of the directors, the fair value of the investment property at the balance sheet date was £525,000.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Other debtors | 469 |  | 305 |  |

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

2025 | 2024 |

| £ | £

| Taxation and social security | 2,565 |  | 2,607 |  |

| Other creditors | 418,537 |  | 431,482 |  |

421,102 |  | 434,089 |  |

7. | RELATED PARTY DISCLOSURES

| At the balance sheet date, the company owed to the director, Mrs F Morris £415,709 (2024 : £426,709). This amount due is interest free, unsecured and repayable on demand.