REGISTERED NUMBER: 12694835 (England and Wales)

PREECE MORGAN INVESTMENTS LIMITED

Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

Directors:

N C Morgan

G C Morgan

Registered office:

Unit 2 The Wood Shed Gowers Farm

Tumblers Green

Braintree

Essex

CM77 8AZ

Registered number:

12694835 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

CUBO Birmingham

4th Floor

Two Chamberlain Square

Birmingham

West Midlands

B3 3AX

Fixed assets

Investments

4

1

-

Investment property

5

240,000

240,000

240,001

240,000

Current assets

Debtors

6

2,322

129

Cash at bank

-

21,474

2,322

21,603

Creditors

Amounts falling due within one year

7

143,366

167,275

Net current liabilities

(141,044

)

(145,672

)

Total assets less current liabilities

98,957

94,328

Provisions for liabilities

8

20,655

15,540

Net assets

78,302

78,788

Capital and reserves

Called up share capital

1

1

Revaluation reserve

9

61,728

42,728

Retained earnings

16,573

36,059

Shareholders' funds

78,302

78,788

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:

N C Morgan - Director

1.	Statutory information

Preece Morgan Investments 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 as modified by the revaluation of certain assets.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is carried at fair value determined annually by the directors or external valuers 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. Changes in fair value are recognised in the profit and loss account.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's 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.

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 2 (2024 - 2 ) .

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

Additions

1

At 31 March 2025

1

Net book value

At 31 March 2025

1

5.	Investment property

Total

£

Fair value

At 1 April 2024

and 31 March 2025

240,000

Net book value

At 31 March 2025

240,000

At 31 March 2024

240,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

81,828

Valuation in 2022

24,000

Valuation in 2023

19,000

Valuation in 2024

(43,000

)

Cost

158,172

240,000

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Amounts owed by group undertakings

2,131

1

Other debtors

191

128

2,322

129

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Amounts owed to group undertakings

138,321

164,954

Taxation and social security

1,086

1,321

Other creditors

3,959

1,000

143,366

167,275

8.	Provisions for liabilities

2025

2024

£

£

Deferred tax

20,655

15,540

Deferred tax

£

Balance at 1 April 2024

15,540

Provided during year

5,115

Balance at 31 March 2025

20,655

9.

Reserves

Revaluation

reserve

£

At 1 April 2024

42,728

Investment prop revaluation

19,000

At 31 March 2025

61,728

10.	Related party disclosures

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.

11.	Ultimate controlling party

At the start of the financial year, the company's immediate and ultimate parent company was Preece Morgan Group Limited, a company incorporated in the United Kingdom and registered in England and Wales.

During the financial year, on 9 December 2024, N&G Property Holdings Ltd, 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 the start of the financial year, there was no individual ultimate controlling party.

At 31 March 2025, the company's ultimate controlling party is Nicholas Morgan, who controls the majority of the issued share capital of N&G Property Holdings Ltd.