Registration number: 10481862

EPPL (Morpeth) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

EPPL (Morpeth) Limited

Company Information

Directors

I.W. Rutherford D.R.D. Ainsley J.C. Fitzpatrick

Registered office

The Bungalow 23 A Kings Avenue Morpeth Northumberland, United Kingdom Northumberland NE61 1HX

Solicitors

Sintons LLP The Cube Barrack Road Newcastle upon Tyne NE4 6DB

Bankers

Barclays Bank plc Unit 50 Northumbria House Cramlington Northumberland NE23 6QP

Accountants

23 MR Limited Chartered Accountants23 Morwick Road Warkworth Morpeth Northumberland NE65 0TG

EPPL (Morpeth) Limited

(Registration number: 10481862)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Current assets
Stocks	4	4,420,564	3,648,158
Debtors	5	786	6,700
Cash at bank and in hand		3,810	36,011
		4,425,160	3,690,869
Creditors: Amounts falling due within one year	6	(4,454,995)	(3,452,293)
Total assets less current liabilities		(29,835)	238,576
Creditors: Amounts falling due after more than one year	6	-	(265,850)
Net liabilities		(29,835)	(27,274)
Capital and reserves
Called up share capital		100	100
Retained earnings		(29,935)	(27,374)
Shareholders' deficit		(29,835)	(27,274)

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 August 2026 and signed on its behalf by:
 

......................................... I.W. Rutherford Director

EPPL (Morpeth) Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Bungalow
23 A Kings Avenue
Morpeth
Northumberland, United Kingdom
Northumberland
NE61 1HX

These financial statements were authorised for issue by the Board on 20 August 2026.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

At the balance sheet date, the company had a net deficit position of £29,835. The company meets its
day to day working capital requirements through cash generated from shareholder borrowings.

The company’s forecasts and projections for the next twelve months show that the company should
be able to continue in operational existence for that period, taking into account reasonable possible
changes in trading performance.

Based on the factors set out above the directors believe that it remains appropriate to prepare the
financial statements on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

EPPL (Morpeth) Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2025 - 0).

4

Stocks

	2026 £	2025 £
Stocks of properties in the course of development	4,420,564	3,648,158

5

Debtors

	2026 £	2025 £
Other debtors	786	6,700
	786	6,700

EPPL (Morpeth) Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2026 (continued)

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	7	349,818	-
Trade creditors		77,341	111,472
Other creditors		4,027,836	3,340,821
		4,454,995	3,452,293