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Registration number: 11647622

Fisher Morrison Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Fisher Morrison Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Fisher Morrison Limited

Company Information

Directors | R A Fisher G Morrison

Registered office | The Workshop Ingram's Green Lane Midhurst GU29 0LJ

Accountants | Grant Sellers Limited Bank Court Manor Road Verwood Dorset BH31 6DY

Fisher Morrison Limited

(Registration number: 11647622)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 506,644 | 511,228
Current assets |  |  |
Debtors | 5 | 155,241 | 194,664
Cash at bank and in hand |  | 167,687 | 22,554
|  | 322,928 | 217,218
Creditors: Amounts falling due within one year | 6 | (37,025) | (26,038)
Net current assets |  | 285,903 | 191,180
Total assets less current liabilities |  | 792,547 | 702,408
Creditors: Amounts falling due after more than one year | 6 | (1,305,731) | (1,504,615)
Net liabilities |  | (513,184) | (802,207)
Capital and reserves |  |  |
Called up share capital | 7 | 2 | 2
Retained earnings |  | (513,186) | (802,209)
Shareholders' deficit |  | (513,184) | (802,207)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Board on 2 April 2026 and signed on its behalf by:

Fisher Morrison Limited

(Registration number: 11647622)
Balance Sheet as at 31 October 2025 (continued)

......................................... R A Fisher Director

Fisher Morrison Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
The Workshop
Ingram's Green Lane
Midhurst
GU29 0LJ

These financial statements were authorised for issue by the Board on 2 April 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 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.

The accounts are presented in pound sterling and rounded to the nearest £1.

Going concern

Total liabilities exceed current assets at the balance sheet date. The directors consider, however that the company has sufficient liquid assets to meet its liabilities as and when they fall due and that the company has sufficient support from its directors, shareholders and creditors. Accordingly the directors consider that it is appropriate to prepare the accounts 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.

Fisher Morrison Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2 | Accounting policies (continued)

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.

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
Freehold land and buildings | Over 50 years
Plant and machinery | 25% straight line
Fixtures and fittings | 25% straight line
Motor vehicles | 20% straight line

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.

Trade 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.

Fisher Morrison Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2 | Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Fisher Morrison Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

4 | Tangible assets

| Land and buildings £ | Plant and machinery etc £ | Motor vehicles £ | Total £
Cost or valuation
At 1 November 2024 | 562,917 | 322,541 | 21,895 | 907,353
Additions | - | 9,400 | - | 9,400
At 31 October 2025 | 562,917 | 331,941 | 21,895 | 916,753
Depreciation
At 1 November 2024 | 58,141 | 316,089 | 21,895 | 396,125
Charge for the year | 11,258 | 2,726 | - | 13,984
At 31 October 2025 | 69,399 | 318,815 | 21,895 | 410,109
Carrying amount
At 31 October 2025 | 493,518 | 13,126 | - | 506,644
At 31 October 2024 | 504,776 | 6,452 | - | 511,228

Fisher Morrison Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 9,048 | -
Prepayments | 2,456 | 3,472
Other debtors | 143,737 | 191,192
| 155,241 | 194,664

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 12,759 | 7,020
Taxation and social security | 9,007 | -
Accruals and deferred income | 2,550 | 2,300
Other creditors | 12,709 | 16,718
| 37,025 | 26,038

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 1,305,731 | 1,495,615
Other non-current financial liabilities |  | - | 9,000
|  | 1,305,731 | 1,504,615

Fisher Morrison Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 2 | 2

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 1,305,731 | 1,495,615

9 | Related party transactions

Directors' advances, credits and guarantees

2025 | Balances with directors £ | Total £
At start of period | 1,495,615 | 1,495,615
Repaid | (227,859) | (227,859)
At end of period | 1,267,756 | 1,267,756

2024 | Balances with directors £ | Total £
At start of period | 1,495,615 | 1,495,615
At end of period | 1,495,615 | 1,495,615

Terms of loans to related parties

Loan is provided on an interest free basis by the director of the company, with no formal loan agreement in place. This loan is not secured, no guarantees have been given or received, and no provisions have been made against the balance.