REGISTERED NUMBER: 11896759 (England and Wales)

PREECE MORGAN GROUP LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

Directors:

L Preece

J Preece

Registered office:

Unit 2 The Wood Shed Gowers Farm

Tumblers Green

Braintree

Essex

CM77 8AZ

Registered number:

11896759 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

CUBO Birmingham

4th Floor

Two Chamberlain Square

Birmingham

West Midlands

B3 3AX

Fixed assets

Investments

4

101

303

Current assets

Debtors

5

100

145,852

Cash at bank

-

4,037

100

149,889

Creditors

Amounts falling due within one year

6

70,892

703

Net current (liabilities)/assets

(70,792

)

149,186

Total assets less current liabilities

(70,691

)

149,489

Capital and reserves

Called up share capital

7

100

100

Retained earnings

(70,791

)

149,389

Shareholders' funds

(70,691

)

149,489

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 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 22 December 2025 and were signed on its behalf by:

L Preece - Director

J Preece - Director

1.	Statutory information

Preece Morgan Group 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.

Preparation of consolidated financial statements

The financial statements contain information about Preece Morgan Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has applied the exemption under FRS 102 Section 33 Related Party Disclosures and has not disclosed transactions between wholly owned members of the same group.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as other creditors and accruals.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets' carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.at the balance sheet date.

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.

Going concern

At the time of signing the accounts, the directors have considered the going concern position and that this does indicate that the company will continue to trade for a period of at least 12 months from the date of signing these accounts. On that basis, the directors have prepared these financial statements on a going concern basis.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 April 2024

303

Disposals

(202

)

At 31 March 2025

101

Net book value

At 31 March 2025

101

At 31 March 2024

303

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Amounts owed by group undertakings

-

145,252

Other debtors

100

600

100

145,852

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Amounts owed to group undertakings

66,584

703

Accruals and deferred income

4,308

-

70,892

703

7.	Called up share capital

All shares rank pari passu in all respects, except the profits of the company available for distribution shall be applied, as between holders of all shares, in such amounts and in such manner as decided by the directors.

8.	Ultimate controlling party

At the start of the financial year, the company had no immediate or ultimate parent undertaking and no individual ultimate controlling party.

During the financial year, on 9 December 2024, Preece and Preece Investments Limited, a company incorporated in the United Kingdom and registered in England and Wales, acquired the share capital of the company and became the company's immediate and ultimate parent company.

At 31 March 2025, the company's ultimate controlling party is L Preece, who has the control of the majority of the issued share capital of Preece and Preece Investments Limited.