1 1 Tim Morris Holdings Limited 07613260 false 2024-05-01 2025-04-30 2025-04-30 The principal activity of the company is that of a holding company Digita Accounts Production Advanced 6.30.9574.0 true false true false true 07613260 2024-05-01 2025-04-30 07613260 2025-04-30 07613260 core:CurrentFinancialInstruments 2025-04-30 07613260 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 07613260 core:MotorVehicles 2025-04-30 07613260 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2025-04-30 07613260 bus:SmallEntities 2024-05-01 2025-04-30 07613260 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 07613260 bus:FilletedAccounts 2024-05-01 2025-04-30 07613260 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 07613260 bus:RegisteredOffice 2024-05-01 2025-04-30 07613260 bus:Director1 2024-05-01 2025-04-30 07613260 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 07613260 core:MotorVehicles 2024-05-01 2025-04-30 07613260 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-05-01 2025-04-30 07613260 core:OtherRelatedParties 2024-05-01 2025-04-30 07613260 core:Subsidiary1 2024-05-01 2025-04-30 07613260 core:Subsidiary1 1 2024-05-01 2025-04-30 07613260 core:Subsidiary2 2024-05-01 2025-04-30 07613260 core:Subsidiary2 1 2024-05-01 2025-04-30 07613260 countries:EnglandWales 2024-05-01 2025-04-30 07613260 2024-04-30 07613260 core:CostValuation 2024-04-30 07613260 core:MotorVehicles 2024-04-30 07613260 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-04-30 07613260 2023-05-01 2024-04-30 07613260 2024-04-30 07613260 core:CurrentFinancialInstruments 2024-04-30 07613260 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 07613260 core:MotorVehicles 2024-04-30 07613260 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-04-30 07613260 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-05-01 2024-04-30 07613260 core:Subsidiary1 1 2023-05-01 2024-04-30 07613260 core:Subsidiary2 1 2023-05-01 2024-04-30 07613260 2023-04-30 07613260 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-04-30 xbrli:pure iso4217:GBP

Registration number: 07613260

Tim Morris Holdings Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 April 2025

Tim Morris Holdings Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 7

Tim Morris Holdings Limited

(Registration number: 07613260)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 8,107 | 10,810
Investments | 5 | 53 | 53
|  | 8,160 | 10,863
Current assets |  |  |
Debtors | 6 | 2,942,649 | 1,312,490
Cash at bank and in hand |  | 2,702,045 | 4,111,676
|  | 5,644,694 | 5,424,166
Creditors: Amounts falling due within one year | 7 | (581,969) | (744,759)
Net current assets |  | 5,062,725 | 4,679,407
Net assets |  | 5,070,885 | 4,690,270
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 5,070,785 | 4,690,170
Shareholders' funds |  | 5,070,885 | 4,690,270

For the financial year ending 30 April 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 his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 January 2026

R T Morris Director |  |

Tim Morris Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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:
12A The Square
Wickham
Hampshire
PO17 5JQ

These financial statements were authorised for issue by the director on 23 January 2026.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

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

The tax expense for the period comprises current 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.

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.

Tim Morris Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

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
Motor vehicles | 25% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Tim Morris Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2024 - 1).

4 | Tangible assets

| Motor vehicles £ | Total £
Cost or valuation
At 1 May 2024 | 25,626 | 25,626
At 30 April 2025 | 25,626 | 25,626
Depreciation
At 1 May 2024 | 14,816 | 14,816
Charge for the year | 2,703 | 2,703
At 30 April 2025 | 17,519 | 17,519
Carrying amount
At 30 April 2025 | 8,107 | 8,107
At 30 April 2024 | 10,810 | 10,810

Tim Morris Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 53 | 53

Subsidiaries | £
Cost or valuation
At 1 May 2024 | 53
Provision
Carrying amount
At 30 April 2025 | 53
At 30 April 2024 | 53

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
First 4 Finance Limited | Smooth Accounting Ltd, Building 1000 Lakeside, North Harbour, Western Road, Portsmouth, Hampshire, PO6 3EN | Ordinary shares | 50% | 50%
OMPD Limited | Smooth Accounting Ltd, Building 1000 Lakeside, North Harbour, Western Road, Portsmouth, Hampshire, PO6 3EN | Ordinary shares | 46% | 46%

Tim Morris Holdings Limited holds 46% of the share capital of OMPD Limited and has 51% of the voting rights in OMPD Limited.

Tim Morris Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Subsidiary undertakings
First 4 Finance Limited The principal activity of First 4 Finance Limited is Finance provider.
OMPD Limited The principal activity of OMPD Limited is Property rentals and property development.

6 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 1,759,145 | -
Amounts owed by related parties | 8 | 881,583 | 1,213,893
Other debtors |  | 200,003 | 18,710
Accrued income |  | 101,918 | 79,887
|  | 2,942,649 | 1,312,490

7 | Creditors

Due within one year | Note | 2025 £ | 2024 £
Trade creditors |  | 3,622 | 930
Amounts due to related parties | 8 | 512,736 | 690,411
Accruals |  | 2,352 | 2,214
Corporation tax |  | 63,259 | 51,204
|  | 581,969 | 744,759

Tim Morris Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

8 | Related party transactions

Summary of transactions with other related parties

Oliver Morris Limited
(A company that is jointly owned and controlled by R T Morris and J E B Oliver)
During the year Oliver Morris Limited made a loan to the company. No interest is charged on this loan. At the balance sheet date the amount due to Oliver Morris Limited was £nil (2024 - £485,750). Oliver Morris Limited entered liquidation during the year.
OMPD Limited
(Subsidiary of the company)
During the year the company received dividends from OMPD Limited of £221,000 (2024 - £51,600). During the year OMPD Limited received a loan from the company. Interest is charged on this loan at a commercial rate and is repayable on demand. At the balance sheet date the amount due from OMPD Limited was £441,944 (2024 - £486,944).
First 4 Finance Limited
(Subsidiary of the company)
During the year the company made a loan to First 4 Finance Limited. No interest is charged on this loan. At the balance sheet date the amount due from First 4 Finance Limited was £439,639 (2024 - £726,949).

Loans from related parties

2025 | Key management £ | Total £
At start of period | 204,661 | 204,661
Advanced | 308,075 | 308,075
At end of period | 512,736 | 512,736

2024 | Key management £ | Total £
At start of period | 288,661 | 288,661
Repaid | (84,000) | (84,000)
At end of period | 204,661 | 204,661

No interest has been charged on the above loan and the loan is repayable on demand.