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Registered number: 11562665
Morgan Marine Holdings Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 October 2025
Morgan Marine Holdings Limited
Contents
Contents

| Page
--- | ---
Accountant's Report | 1
Abridged Balance Sheet | 2—3
Notes to the Abridged Financial Statements | 4—5

Page 1
Morgan Marine Holdings Limited
Accountant's Report
For The Year Ended 31 October 2025
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Morgan Marine Holdings Limited for the year ended 31 October 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Morgan Marine Holdings Limited for the year ended 31 October 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Morgan Marine Holdings Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Morgan Marine Holdings Limited and state those matters that we have agreed to state to the director of Morgan Marine Holdings Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Morgan Marine Holdings Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Morgan Marine Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Morgan Marine Holdings Limited . You consider that Morgan Marine Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Morgan Marine Holdings Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

02/07/2026

Wood & Disney Ltd
Chartered Accountants
Lodge Park Lodge Lane
Langham
Colchester
Essex
CO4 5NE
Page 1
Page 2
Morgan Marine Holdings Limited
Abridged Balance Sheet
As At 31 October 2025
Abridged Balance Sheet
Registered number: 11562665

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 43,546 |  | 57,983
Investments | 5 |  | 2,150,339 |  | 1,923,753
|  |  | 2,193,885 |  | 1,981,736
CURRENT ASSETS
Debtors |  | 823,900 |  | 529,153 |
Cash at bank and in hand |  | 9,437 |  | 34,121 |
|  | 833,337 |  | 563,274 |
Creditors: Amounts Falling Due Within One Year |  | (1,071,136 ) |  | (1,070,675 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (237,799 ) |  | (507,401 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,956,086 |  | 1,474,335
Creditors: Amounts Falling Due After More Than One Year |  |  | (252,553 ) |  | (363,832 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 6 |  | (10,886 ) |  | (14,495 )
NET ASSETS |  |  | 1,692,647 |  | 1,096,008
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
Profit and Loss Account |  |  | 1,692,547 |  | 1,095,908
SHAREHOLDERS' FUNDS |  |  | 1,692,647 |  | 1,096,008

Page 2
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Morgan Marine Holdings Limited
Abridged Balance Sheet (continued)
As At 31 October 2025
For the year ending 31 October 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 October 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

G Miller Director
02/07/2026

The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Morgan Marine Holdings Limited
Notes to the Abridged Financial Statements
For The Year Ended 31 October 2025
Notes to the Abridged Financial Statements
1. General Information
Morgan Marine Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11562665 . The registered office is The Boatyard Brightlingsea, Shipyard Estate,, Brightlingsea,, Essex, CO7 0AR.
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. 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:

Plant & Machinery | 20% Reducing balance
Motor Vehicles | 25% Reducing balance
Fixtures & Fittings | 20% Reducing balance

2.3. 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.
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.
2.4. Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
2.5. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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Page 4
Page 5
Morgan Marine Holdings Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 October 2025
4. Tangible Assets

| Total
--- | ---
| £
Cost
As at 1 November 2024 | 72,451
As at 31 October 2025 | 72,451
Depreciation
As at 1 November 2024 | 14,468
Provided during the period | 14,437
As at 31 October 2025 | 28,905
Net Book Value
As at 31 October 2025 | 43,546
As at 1 November 2024 | 57,983

5. Investments

| Total
--- | ---
| £
Cost
As at 1 November 2024 | 1,923,753
Additions | 226,586
As at 31 October 2025 | 2,150,339
Provision
As at 1 November 2024 | -
As at 31 October 2025 | -
Net Book Value
As at 31 October 2025 | 2,150,339
As at 1 November 2024 | 1,923,753

6. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 10,886 |  | 14,495

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
100 Ordinary Shares of £ 1.00 each | 100 |  | 100

8. Related Party Transactions
At the balance sheet date the company was owed £805,584 (2024: £528,734) by its subsidiary LH Morgan & Sons (Marine) Limited.
At the balance sheet date the company owed £977,826 (2024: £995,856) to its director.
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