Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investments | 4 |
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| 1,383,088 | 1,383,088 | |||
| Current assets | ||||
| Debtors | 5 |
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| 635,831 | 635,831 | |||
| Net current assets | 635,831 | 635,831 | ||
| Total assets less current liabilities | 2,018,919 | 2,018,919 | ||
| Net assets | 2,018,919 | 2,018,919 | ||
| Capital and reserves | 6 | |||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholder's funds | 2,018,919 | 2,018,919 |
The financial statements of Morris Engineering Holdings Limited (registered number:
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Mr A S Dyer
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Morris Engineering Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/P Morris Engineering Ltd, Bell Close Newnham Ind Est, Plympton Plymouth, PL7 4JH, United Kingdom.
The principal activities are set out in the Directors’ Report.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Financial Reporting Standard 102 (FRS 102) applicable in the UK and Republic of Ireland issued by the Financial Reporting Council and the requirements of the Companies Act 2006.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
FRS 102 grants a qualifying entity exemptions from the full requirements of FRS102. The following exemptions have been taken in these financial statements as the company is deemed to be a qualifying entity.
The company has taken advantage of the exemption, under FRS102 paragraph 1.12(b), from preparing a Statement of Cash Flows on the basis that it is a qualifying entity and its ultimate parent company, Morris Engineering New Holdco Limited, included the company's cash flows in its own consolidated financial statements. The company is also taking exemption from disclosure of key management personnel compensation and exemption from disclosure of related party transactions entered into between the company and other members of the Morris Engineering Limited group.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the financial year in which the estimate is revised if the revision affects only that financial year, or in the financial year of the revision and future financial years if the revision affects both current and future financial years.
The directors do not consider that any critical judgements have been made in the application of the Company's accounting policies and no key sources of estimation uncertainty have been identified that have a significant risk of causing a material misstatement to the carrying amount of assets and liabilities within the financial year.
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| Number | Number | ||
| The average monthly number of employees (including directors) was: |
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| £ | £ | ||
| Subsidiary undertakings |
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Investments in subsidiaries
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| £ | |
| Cost | |
| At 01 May 2024 |
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| At 30 April 2025 |
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| Carrying value at 30 April 2025 |
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| Carrying value at 30 April 2024 |
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Investments in shares
The following were subsidiary undertakings of the Company;
| Name of entity | Registered office | Principal activity | Class of shares |
Ownership 30.04.2025 |
Ownership 30.04.2024 |
Held |
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C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, Devon, United Kingdom, PL1 3GW | Other engineering activities |
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Direct |
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C/O Morris Engineering Ltd Bell, Close Newnham Industrial Estate, Plympton, Devon, PL7 4JH | Residents property management |
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Direct |
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| £ | £ | ||
| Amounts owed by Group undertakings |
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| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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| 2,000,000 | 2,000,000 | ||
| Presented as follows: | |||
| Called-up share capital presented as equity | 2,000,000 | 2,000,000 |
The profit and loss reserve represents cumulative profits or losses, net of dividends paid and other adjustments.
The audit report was signed by Nicola Cornish BSc BFP FCA CTA on behalf of PKF Francis Clark.
Parent Company:
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| The registered office of Morris Engineering New Holdco Limited is C/O PKF Francis Clark Melville Building East, Royal William Yard, Plymouth, United Kingdom, PL1 3RP |
Parent of the largest and smallest group for which group accounts are drawn up:
Morris Engineering New Holdco Limited
The registered office of Morris Engineering New Holdco Limited is C/O PKF Francis Clark Melville Building East, Royal William Yard, Plymouth, United Kingdom, PL1 3RP