REGISTERED NUMBER: 08719298 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Morgan Rose Solicitors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S P T Rose

REGISTERED OFFICE:

Holborn Gate

330 High Holborn

London

WC1V 7QT

REGISTERED NUMBER:

08719298 (England and Wales)

ACCOUNTANTS:

RBS Accountants Limited

16 Beaufort Court

Admirals Way

London

Docklands

London

E14 9XL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,583

2,088

1,583

2,088

CURRENT ASSETS

Debtors

6

1,282,351

970,685

Cash at bank

240

240

1,282,591

970,925

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

712,805

737,928

NET CURRENT ASSETS

569,786

232,997

TOTAL ASSETS LESS CURRENT LIABILITIES

571,369

235,085

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

8

(174,276

)

(199,778

)

PROVISIONS FOR LIABILITIES

(396

)

(522

)

NET ASSETS

396,697

34,785

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

396,597

34,685

SHAREHOLDERS' FUNDS

396,697

34,785

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 1 December 2025 and were signed by:

S P T Rose - Director

1.	STATUTORY INFORMATION

Morgan Rose Solicitors 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.

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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised when the work is performed.

Goodwill

Goodwill, being the amount created on incorporation of the sole trader business on 01/04/2014, is being amortised evenly over its estimated useful life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,350,000

AMORTISATION

At 1 April 2024

and 31 March 2025

1,350,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

43,203

Additions

559

At 31 March 2025

43,762

DEPRECIATION

At 1 April 2024

41,115

Charge for year

1,064

At 31 March 2025

42,179

NET BOOK VALUE

At 31 March 2025

1,583

At 31 March 2024

2,088

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

560,891

587,686

Other debtors

721,460

382,999

1,282,351

970,685

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

76,344

79,522

Trade creditors

85,666

236,881

Tax

213,228

121,166

Social security and other taxes

30,460

25,859

Pension Contributions

1,183

1,079

VAT

185,862

128,258

Other creditors

1,326

1,193

Bank Loans

18,736

43,970

Directors' current accounts

100,000

100,000

712,805

737,928

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank Loans

-

17,273

Directors' accounts

174,276

182,505

174,276

199,778

The loans of £18,735.98 are multiple loans taken from financial institutions. The rates of interest for each loan is fixed over variable term lengths.

National Westminster Bank Plc has a fixed and floating charge over the asset of the company. The charge was registered on 18 December 2015.

9.	RELATED PARTY DISCLOSURES

During the year the company declared dividends of £30,000. Mr Simon Rose is the 100% shareholder of the company.