REGISTERED NUMBER: 02999424 (England and Wales)

de Morgan & Co Limited

Unaudited Financial Statements

for the Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A C de Morgan

SECRETARY:

A C de Morgan

REGISTERED OFFICE:

1 Cornhill

London

EC3V 3ND

REGISTERED NUMBER:

02999424 (England and Wales)

ACCOUNTANTS:

DSJ Partners (UK) Limited

2nd Floor

1 Bell Street

London

NW1 5BY

FIXED ASSETS

Tangible assets

4

1,153

1,537

Investments

5

50

50

Investment property

6

3,362,069

3,362,069

3,363,272

3,363,656

CURRENT ASSETS

Debtors

7

75,317

243,476

Cash at bank

393

387

75,710

243,863

CREDITORS

Amounts falling due within one year

8

(335,945

)

(400,776

)

NET CURRENT LIABILITIES

(260,235

)

(156,913

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,103,037

3,206,743

PROVISIONS FOR LIABILITIES

9

(216,455

)

(216,455

)

NET ASSETS

2,886,582

2,990,288

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

920,305

920,305

Retained earnings

1,966,177

2,069,883

2,886,582

2,990,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 May 2026 and were signed by:

A C de Morgan - Director

1.	STATUTORY INFORMATION

de Morgan & Co 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.

Turnover

Turnover is measured at the fair value of the consideration received for services in the ordinary course of business , excluding value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertaking is recognised at cost less provision for impairment.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs

Contributions payable to pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company had net current liabilities of £260,235 as at the year end.

On the basis that the director will provide additional support if necessary to meet the company's liabilities as and when they fall due, the accounts have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 September 2024

and 31 August 2025

39,009

DEPRECIATION

At 1 September 2024

37,472

Charge for year

384

At 31 August 2025

37,856

NET BOOK VALUE

At 31 August 2025

1,153

At 31 August 2024

1,537

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2024

and 31 August 2025

50

NET BOOK VALUE

At 31 August 2025

50

At 31 August 2024

50

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

3,362,069

NET BOOK VALUE

At 31 August 2025

3,362,069

At 31 August 2024

3,362,069

Fair value at 31 August 2025 is represented by:

£

Valuation in 2022

454,448

Valuation in 2017

180,499

Valuation in 2016

498,866

Cost

2,228,256

3,362,069

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

9,400

Directors' current accounts

14,311

166,530

Tax

61,006

61,006

Prepayments

-

6,540

75,317

243,476

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

37,791

55,358

Trade creditors

12,987

37,417

Taxation and social security

167,381

191,610

Other creditors

117,786

116,391

335,945

400,776

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

216,455

216,455

Deferred

tax

£

Balance at 1 September 2024

216,455

Movement in the year

Balance at 31 August 2025

216,455

10.	RELATED PARTY DISCLOSURES

At the Balance Sheet date the director had an outstanding loan of £14,311 (2024: £166,530). The loan is interest bearing and repayable on demand.