Registration number: 05674991

Morrab Developments Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Morrab Developments Limited

Company Information

Director

Dr S F Rutherfurd

Registered office

2 Morrab Road Penzance Cornwall TR18 4EL

Morrab Developments Limited

(Registration number: 05674991)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	-	171
Other financial assets	5	5,000	5,000
		5,000	5,171
Current assets
Debtors	6	-	93,746
Cash at bank and in hand		62,991	25,999
		62,991	119,745
Creditors: Amounts falling due within one year	7	(13,086)	(6,489)
Net current assets		49,905	113,256
Net assets		54,905	118,427
Capital and reserves
Called up share capital	8	175	175
Retained earnings		54,730	118,252
Shareholders' funds		54,905	118,427

Morrab Developments Limited

(Registration number: 05674991)
Balance Sheet as at 31 March 2025

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 December 2025
 

......................................... Dr S F Rutherfurd Director

Morrab Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Morrab Road
Penzance
Cornwall
TR18 4EL
United Kingdom

These financial statements were authorised for issue by the director on 3 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Morrab Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtrues and fittings	20% reducing balance
Plant and machinery	7 years straight line

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

Morrab Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	1,425	85,668	87,093
At 31 March 2025	1,425	85,668	87,093
Depreciation
At 1 April 2024	1,254	85,668	86,922
Charge for the year	171	-	171
At 31 March 2025	1,425	85,668	87,093
Carrying amount
At 31 March 2025	-	-	-
At 31 March 2024	171	-	171

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	5,000	5,000
At 31 March 2025	5,000	5,000
Impairment
Carrying amount
At 31 March 2025	5,000	5,000

Morrab Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Other debtors	-	93,746
	-	93,746

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	1,348	-
Accruals and deferred income	1,500	5,066
Other creditors	10,238	1,423
	13,086	6,489

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	175	175	175	175