REGISTERED NUMBER: 11089208 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

MORRISON PROPERTY PORTFOLIO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L S Morrison

J F Morrison

REGISTERED OFFICE:

MWA House

135c Sheen Lane

East Sheen

London

SW14 8AE

REGISTERED NUMBER:

11089208 (England and Wales)

ACCOUNTANTS:

RfM Alexander Bursk

c/o Alexander Bursk Ltd

Parkgates, Bury New Road

Prestwich

Manchester

Greater Manchester

M25 0JW

FIXED ASSETS

Tangible assets

4

140,000

180,000

Investments

5

360,114

250,000

Investment property

6

1,778,327

1,778,327

2,278,441

2,208,327

CURRENT ASSETS

Debtors

7

768

-

Cash at bank

36,260

99,364

37,028

99,364

CREDITORS

Amounts falling due within one year

8

881,702

880,409

NET CURRENT LIABILITIES

(844,674

)

(781,045

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,433,767

1,427,282

CREDITORS

Amounts falling due after more than one year

9

1,092,171

1,067,528

NET ASSETS

341,596

359,754

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

11

378,120

378,120

Retained earnings

(36,624

)

(18,466

)

SHAREHOLDERS' FUNDS

341,596

359,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 27 August 2026 and were signed on its behalf by:

J F Morrison - Director

1.	STATUTORY INFORMATION

Morrison Property Portfolio 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.

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

-

20% on cost

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 December 2024

and 30 November 2025

200,000

DEPRECIATION

At 1 December 2024

20,000

Charge for year

40,000

At 30 November 2025

60,000

NET BOOK VALUE

At 30 November 2025

140,000

At 30 November 2024

180,000

5.	FIXED ASSET INVESTMENTS

2025

2024

£

£

Other investments not loans

330,114

250,000

Other loans

30,000

-

360,114

250,000

Additional information is as follows:

Other

investments

£

COST

At 1 December 2024

250,000

Additions

80,114

At 30 November 2025

330,114

NET BOOK VALUE

At 30 November 2025

330,114

At 30 November 2024

250,000

Other

loans

£

New in year

30,000

At 30 November 2025

30,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

1,778,327

NET BOOK VALUE

At 30 November 2025

1,778,327

At 30 November 2024

1,778,327

Fair value at 30 November 2025 is represented by:

£

Valuation in 2023

378,120

Cost

1,400,207

1,778,327

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

768

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

881,702

880,409

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,092,171

1,067,528

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,092,171

1,067,528

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,092,171

1,067,528

Bank loans are secured against the investment properties.

11.

RESERVES

Revaluation

reserve

£

At 1 December 2024

and 30 November 2025

378,120

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors by virtue of their holding of 100% of the voting share capital of the company.