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Company Registration No. 11400339 (England and Wales)
MORTON PROPERTIES LIMITED Unaudited accounts for the year ended 31 March 2025
MORTON PROPERTIES LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MORTON PROPERTIES LIMITED Company Information for the year ended 31 March 2025
Director
A Morton
Company Number
11400339 (England and Wales)
Registered Office
PLUM BUNGALOW DRAIN LANE HOLME-ON-SPALDING-MOOR YORK EAST YORKSHIRE YO43 4DG ENGLAND
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors Crown House, York Road Shiptonthorpe York East Yorkshire YO43 3PF
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MORTON PROPERTIES LIMITED Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
258,101
212,248
Current assets
Debtors
6
1,928
16,190
Cash at bank and in hand
73,307
43,980
75,235
60,170
Creditors: amounts falling due within one year
7
(161,820)
(178,238)
Net current liabilities
(86,585)
(118,068)
Total assets less current liabilities
171,516
94,180
Provisions for liabilities
Deferred tax
(12,649)
(3,904)
Net assets
158,867
90,276
Capital and reserves
Called up share capital
100
100
Revaluation reserve
58,299
-
Profit and loss account
100,468
90,176
Shareholders' funds
158,867
90,276
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 May 2025 and were signed on its behalf by
A Morton Director Company Registration No. 11400339
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MORTON PROPERTIES LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
MORTON PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11400339. The registered office is PLUM BUNGALOW DRAIN LANE, HOLME-ON-SPALDING-MOOR, YORK, EAST YORKSHIRE, YO43 4DG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Plant & machinery
15% on a reducing balance
Motor vehicles
25% on a reducing balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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MORTON PROPERTIES LIMITED Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At valuation
At cost
At cost
At 1 April 2024
191,701
22,911
15,000
229,612
Revaluations
58,299
-
-
58,299
Disposals
-
-
(15,000)
(15,000)
At 31 March 2025
250,000
22,911
-
272,911
Depreciation
At 1 April 2024
-
13,380
3,984
17,364
Charge for the year
-
1,430
2,754
4,184
On disposals
-
-
(6,738)
(6,738)
At 31 March 2025
-
14,810
-
14,810
Net book value
At 31 March 2025
250,000
8,101
-
258,101
At 31 March 2024
191,701
9,531
11,016
212,248
During the year the company's director revalued the investment property to £250,000. The director believes this fairly reflects the current market value of the property. The property has not been professionally revalued.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
1,590
15,990
Accrued income and prepayments
338
200
1,928
16,190
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
5,920
3,741
Trade creditors
-
72
Taxes and social security
9,940
6,557
Other creditors
-
23,170
Loans from directors
145,300
144,088
Accruals
660
610
161,820
178,238
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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