Acorah Software Products - Accounts Production 16.6.950 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07572707 C D Hague-Morgan M Hague-Morgan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07572707 2024-03-31 07572707 2025-03-31 07572707 2024-04-01 2025-03-31 07572707 frs-core:CurrentFinancialInstruments 2025-03-31 07572707 frs-core:ShareCapital 2025-03-31 07572707 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07572707 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07572707 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07572707 frs-bus:SmallEntities 2024-04-01 2025-03-31 07572707 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07572707 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07572707 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31 07572707 frs-bus:OrdinaryShareClass1 2025-03-31 07572707 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 07572707 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 07572707 frs-bus:Director1 2024-04-01 2025-03-31 07572707 frs-bus:Director2 2024-04-01 2025-03-31 07572707 frs-countries:EnglandWales 2024-04-01 2025-03-31 07572707 2023-03-31 07572707 2024-03-31 07572707 2023-04-01 2024-03-31 07572707 frs-core:CurrentFinancialInstruments 2024-03-31 07572707 frs-core:ShareCapital 2024-03-31 07572707 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07572707 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 07572707 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31
Registered number: 07572707
Morgan Properties South Wales Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Elsby & Company Limited
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
Morgan Properties South Wales Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—3

Page 1
Morgan Properties South Wales Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 07572707

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 360,000 |  | 360,000
|  |  | 360,000 |  | 360,000
Creditors: Amounts Falling Due Within One Year | 5 | (130,571 ) |  | (147,417 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (130,571 ) |  | (147,417 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 229,429 |  | 212,583
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (26,896 ) |  | (26,896 )
NET ASSETS |  |  | 202,533 |  | 185,687
CAPITAL AND RESERVES
Called up share capital | 6 |  | 100 |  | 100
Fair value reserve | 7 |  | 104,058 |  | 104,058
Profit and Loss Account |  |  | 98,375 |  | 81,529
SHAREHOLDERS' FUNDS |  |  | 202,533 |  | 185,687

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

C D Hague-Morgan Director
24th October 2025

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Morgan Properties South Wales Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Morgan Properties South Wales Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07572707 . The registered office is 6 Min-Y-Coed, Radyr, Cardiff, CF15 8AQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.
The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at 31 March 2025.
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. Average Number of Employees
Average number of employees, excluding directors, during the year was: NIL (2024: NIL)
- -
4. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 April 2024 and 31 March 2025 | 360,000

Fair value at 31 March 2025 is represented by:
Valuation in 2018 - £98,467
Valuation in 2019 - £10,000
Valuation in 2022 - £20,000
Cost - £231,533
Investment property was valued on a fair value basis on 31 March 2022 by the Directors
Page 2
Page 3
Morgan Properties South Wales Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 126,385 |  | 144,054
Taxation and social security | 4,186 |  | 3,363
| 130,571 |  | 147,417

6. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
100 Ordinary Shares of £ 1.00 each | 100 |  | 100

7. Reserves

| Fair Value Reserve
--- | ---
| £
As at 1 April 2024 | 104,058
As at 31 March 2025 | 104,058

Page 3