MORGANITE PROPERTIES LIMITED

	Page
Accountants' Report	1
Balance Sheet	2—3
Statement of Changes in Equity	4
Notes to the Financial Statements	5—7

Report of the Accountant to the director of MORGANITE PROPERTIES LIMITED

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 July 2025.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

ZA Ltd

28/04/2026

Page 1

Page 2

MORGANITE PROPERTIES LIMITED

Balance Sheet

As At 31 July 2025

Balance Sheet

Registered number: 12128727

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		22,752		23,949
Tangible Assets	5		96,468		35,145
Investment Properties	6		510,000		510,000

			629,220		569,094
CURRENT ASSETS
Debtors	7	191,897		191,897
Cash at bank and in hand		1,792		1,161

		193,689		193,058
Creditors: Amounts Falling Due Within One Year	8	(19,853 )		(9,791 )

NET CURRENT ASSETS (LIABILITIES)			173,836		183,267

TOTAL ASSETS LESS CURRENT LIABILITIES			803,056		752,361

Creditors: Amounts Falling Due After More Than One Year	9		(722,755 )		(717,846 )

NET ASSETS			80,301		34,515

CAPITAL AND RESERVES
Called up share capital	10		90		90
Profit and Loss Account			80,211		34,425

SHAREHOLDERS' FUNDS			80,301		34,515

Page 2

Page 3

MORGANITE PROPERTIES LIMITED

Balance Sheet (continued)

As At 31 July 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Emaad Altae

Director

28/04/2026

The notes on pages 5 to 7 form part of these financial statements.

Page 3

Page 4

MORGANITE PROPERTIES LIMITED

Statement of Changes in Equity

For The Year Ended 31 July 2025

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 August 2023	90	6,490	6,580
Profit for the year and total comprehensive income	-	27,935	27,935

As at 31 July 2024 and 1 August 2024	90	34,425	34,515


Profit for the year and total comprehensive income	-	45,786	45,786

As at 31 July 2025	90	80,211	80,301

Page 4

Page 5

MORGANITE PROPERTIES LIMITED

Notes to the Financial Statements

For The Year Ended 31 July 2025

Notes to the Financial Statements

1. General Information

MORGANITE PROPERTIES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12128727 . The registered office is 432 High Road, Wembley, HA9 6AH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 25 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

20% on reducing balance method

2.5. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	1	1

	1	1

Page 5

Page 6

MORGANITE PROPERTIES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 August 2024	29,934

As at 31 July 2025	29,934

Amortisation
As at 1 August 2024	5,985
Provided during the period	1,197

As at 31 July 2025	7,182

Net Book Value
As at 31 July 2025	22,752

As at 1 August 2024	23,949

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 August 2024	49,637
Additions	85,440

As at 31 July 2025	135,077

Depreciation
As at 1 August 2024	14,492
Provided during the period	24,117

As at 31 July 2025	38,609

Net Book Value
As at 31 July 2025	96,468

As at 1 August 2024	35,145

6. Investment Property

	2025
	£
Fair Value
As at 1 August 2024 and 31 July 2025	510,000

Page 6

Page 7

MORGANITE PROPERTIES LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	5,000	5,000
Due after more than one year
Amounts owed by other participating interests	186,897	186,897

	191,897	191,897

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	120	1,356
Other creditors	16,333	5,885
Accruals	3,400	2,550

	19,853	9,791

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	558,150	561,121
Other creditors	164,605	156,725

	722,755	717,846

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	90	90

Page 7