| Morrison Estates Limited |
| Registered number: |
05582108 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,630,000 |
|
|
1,700,000 |
|
| Current assets |
| Debtors |
4 |
|
233 |
|
|
40,000 |
| Cash at bank and in hand |
|
|
2,341 |
|
|
2,250 |
|
|
|
2,574 |
|
|
42,250 |
|
| Creditors: amounts falling due within one year |
5 |
|
(443,488) |
|
|
(235,575) |
|
| Net current liabilities |
|
|
|
(440,914) |
|
|
(193,325) |
|
| Total assets less current liabilities |
|
|
|
1,189,086 |
|
|
1,506,675 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(547,175) |
|
|
(672,976) |
|
| Provisions for liabilities |
|
|
|
(90,354) |
|
|
(116,839) |
|
|
| Net assets |
|
|
|
551,557 |
|
|
716,860 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
551,556 |
|
|
716,859 |
|
| Shareholder's funds |
|
|
|
551,557 |
|
|
716,860 |
|
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| S Morrison |
| Director |
| Approved by the board on 21 April 2026 |
|
| Morrison Estates Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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 rental of investment properties. |
|
Freehold investment property |
|
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account. No depreciation is provided in respect of investment properties. |
|
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Investment properties |
|
|
|
|
|
Total |
| £ |
£ |
|
Cost |
|
At 1 January 2025 |
1,700,000 |
|
|
|
|
|
1,700,000 |
|
Additions |
35,950 |
|
|
|
|
|
35,950 |
|
Adjustment on revaluation |
(105,950) |
|
|
|
|
|
(105,950) |
|
Disposals |
- |
|
|
|
|
|
- |
|
At 31 December 2025 |
1,630,000 |
|
|
|
|
|
1,630,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2025 |
- |
|
|
|
|
|
- |
|
Charge for the year |
- |
|
|
|
|
|
- |
|
On disposals |
- |
|
|
|
|
|
- |
|
At 31 December 2025 |
- |
|
|
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
1,630,000 |
|
|
|
|
|
1,630,000 |
|
At 31 December 2024 |
1,700,000 |
|
|
|
|
|
1,700,000 |
|
|
|
|
|
|
|
|
|
|
|
Tangible fixed assets consist of investment properties. All investment properties were revalued in December 2025 by the director on an open market basis. |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
- |
|
- |
|
Other debtors |
233 |
|
40,000 |
|
|
|
|
|
|
233 |
|
40,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
267,256 |
|
- |
|
Trade creditors |
9,199 |
|
5,575 |
|
Other creditors |
167,033 |
|
230,000 |
|
|
|
|
|
|
443,488 |
|
235,575 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
547,175 |
|
672,976 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
547,175 |
|
213,045 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
814,431 |
|
672,976 |
|
|
|
|
|
|
|
|
|
|
Bank loans are secured on investment properties. |
|
| 8 |
Controlling party |
|
|
The ultimate controlling party of the company is S Morrison. |
|
|
| 9 |
Other information |
|
|
Morrison Estates Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
17-21 Sunbeam Road |
|
Park Royal |
|
London |
|
NW10 6JP |