Moreton Propco Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 12810181

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		331,194		649,999

			331,194		649,999
CURRENT ASSETS
Debtors	5	1		1
Cash at bank and in hand		3		69

		4		70
Creditors: Amounts Falling Due Within One Year	6	(18,860 )		(31,506 )

NET CURRENT ASSETS (LIABILITIES)			(18,856 )		(31,436 )

TOTAL ASSETS LESS CURRENT LIABILITIES			312,338		618,563

Creditors: Amounts Falling Due After More Than One Year	7		(222,705 )		(452,319 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(24,603 )		(49,206 )

NET ASSETS			65,030		117,038

CAPITAL AND RESERVES
Called up share capital	9		1		1
Revaluation reserve	10		104,079		208,158
Profit and Loss Account			(39,050 )		(91,121 )

SHAREHOLDERS' FUNDS			65,030		117,038

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Moreton Propco Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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 Russell Moreton

Director

30/05/2026

The notes on pages 4 to 6 form part of these financial statements.

	Share Capital	Revaluation reserve	Profit and Loss Account	Total
	£	£	£	£
As at 1 September 2023	1	-	(39,329 )	(39,328)
Loss for year	-	-	(51,792)	(51,792 )

Surplus on revaluation	-	208,158	-	208,158

Other comprehensive income for the year	-	208,158	-	208,158

Total comprehensive income for the year	-	208,158	(51,792 )	156,366

As at 31 August 2024 and 1 September 2024	1	208,158	(91,121 )	117,038


Profit for year	-	-	52,071	52,071

Surplus on revaluation	-	(104,079 )	-	(104,079 )

Other comprehensive income for the year	-	(104,079 )	-	(104,079 )

Total comprehensive income for the year	-	(104,079)	52,071	(52,008)

As at 31 August 2025	1	104,079	(39,050 )	65,030

1. General Information

Moreton Propco Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12810181 . The registered office is 483 Green Lanes, London, N13 4BS.

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 and value added taxes. 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. 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:

Freehold	No depreciation is charged on freehold property
Leasehold	There is no depreciation charge on theis assets

2.4. 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.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Moreton Propco Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Investment Property

	2025
	£
Fair Value
As at 1 September 2024	649,999
Additions	69,934
Disposals	(284,660 )
Revaluations	(104,079)

As at 31 August 2025	331,194

5. Debtors

	2025	2024
	£	£
Due within one year
Called up share capital not paid	1	1

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	(1 )
Corporation tax	6,610	-
Accruals and deferred income	1,400	950
Director's loan account	10,850	30,557

	18,860	31,506

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

	2025	2024
	£	£
Mortgage	222,705	232,316
Bridging loan - M Yale	-	162,363
Amounts owed to associates	-	57,640

	222,705	452,319

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Moreton Propco Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

8. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured on the following properties

23, Southfiield Grove, Merry Hill, Wolverhampton WV3 8DP

9. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	1	1

Amount of Allotted, Called Up Share Capital	1	1

10. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 September 2024	208,158	(91,121 )
Profit for year	-	52,071

Surplus on revaluation	(104,079 )	-

Other comprehensive income for the year	(104,079 )	-

Total comprehensive income for the year	(104,079)	52,071

As at 31 August 2025	104,079	(39,050 )

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