REGISTERED NUMBER: 03645478 (England and Wales)

Financial Statements for the Year Ended 31 October 2025

for

Stephen Alexander Morris Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Morris

S A Morris

SECRETARY:

Mrs L Morris

REGISTERED OFFICE:

103 Old South Lambeth Road

London

SW8 1XU

REGISTERED NUMBER:

03645478 (England and Wales)

ACCOUNTANTS:

AS Associates

Chartered Certified Accountants

11A Empire Parade

Empire Way

Wembley

Middlesex

HA9 0RQ

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

950,053

950,053

950,053

950,053

CURRENT ASSETS

Debtors

6

444,210

440,181

Cash at bank and in hand

4,332

3,809

448,542

443,990

CREDITORS

Amounts falling due within one year

7

7,509

9,260

NET CURRENT ASSETS

441,033

434,730

TOTAL ASSETS LESS CURRENT LIABILITIES

1,391,086

1,384,783

CREDITORS

Amounts falling due after more than one year

8

357,762

357,762

NET ASSETS

1,033,324

1,027,021

CAPITAL AND RESERVES

Called up share capital

10

2

2

Revaluation reserve

11

588,720

588,720

Retained earnings

11

444,602

438,299

SHAREHOLDERS' FUNDS

1,033,324

1,027,021

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 July 2026 and were signed on its behalf by:

Mrs L Morris - Director

1.	STATUTORY INFORMATION

Stephen Alexander Morris 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 or receivable, excluding discounts, rebates, 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 etc

-

25% on reducing balance

Investment property

Investment properties are included in the balance sheet at their open market value. Depreciation is not provided on investment properties. This treatment may be a departure from the requirements of the Companies Act 2006 covering depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be appropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown can not be separately identified or qualified.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

and 31 October 2025

5,051

DEPRECIATION

At 1 November 2024

and 31 October 2025

5,051

NET BOOK VALUE

At 31 October 2025

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

950,053

NET BOOK VALUE

At 31 October 2025

950,053

At 31 October 2024

950,053

Fair value at 31 October 2025 is represented by:

£

Valuation in 2008

115,720

Valuation in 2011

150,000

Valuation in 2015

200,000

Valuation in 2017

20,500

Valuation in 2018

40,804

Valuation in 2019

15,749

Valuation in 2022

284,280

Valuation in 2024

123,000

950,053

If investment property had not been revalued it would have been included at the following historical cost:

31.10.25

31.10.24

£

£

Cost

284,280

284,280

investment property was valued on an open market basis on 31 October 2024 by by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Amounts owed by group undertakings

437,679

433,650

Other debtors

6,531

6,531

444,210

440,181

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Taxation and social security

1,895

1,806

Other creditors

5,614

7,454

7,509

9,260

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

353,587

353,587

Other creditors

4,175

4,175

357,762

357,762

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

353,587

353,587

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank loans

353,587

353,587

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

2

Ordinary Share Capital

1

2

2

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 November 2024

438,299

588,720

1,027,019

Profit for the year

6,303

6,303

At 31 October 2025

444,602

588,720

1,033,322

12.	RELATED PARTY DISCLOSURES

At the Balance Sheet date, the company owed £4,175 (2024:£4,175) to the Directors. The balance is interest free and Directors have confirmed that they will not require repayable within twelve months of the year end.

At the Balance Sheet date, the company was owed £437,679 (2024:£433,650) by Stephen Morris (Investments) Limited, a fellow subsidiary company of Stephen Morris Holdings Limited.

13.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Stephen Morris Holdings Limited, a company incorporated in England and Wales. Stephen Morris Holdings Limited is controlled by Mrs L Morris and Mr S A Morris, directors of the company.