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Registered number: 13728322
Morgan Lloyd Properties Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2025
Peter Jarman LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13728322
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 781 839
Investment Properties 5 870,000 825,000
870,781 825,839
CURRENT ASSETS
Debtors 6 105 3,092
Cash at bank and in hand 2,525 1,762
2,630 4,854
Creditors: Amounts Falling Due Within One Year 7 (201,305 ) (208,906 )
NET CURRENT ASSETS (LIABILITIES) (198,675 ) (204,052 )
TOTAL ASSETS LESS CURRENT LIABILITIES 672,106 621,787
Creditors: Amounts Falling Due After More Than One Year 8 (568,594 ) (567,446 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (20,554 ) (12,004 )
NET ASSETS 82,958 42,337
CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 87,626 51,176
Profit and Loss Account (4,768 ) (8,939 )
SHAREHOLDERS' FUNDS 82,958 42,337
Page 1
Page 2
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
On behalf of the board
Mr P L Lloyd
Director
27/08/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Morgan Lloyd Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13728322 . The registered office is St James' Hall, Mill Road, Lancing, West Sussex, BN15 0PT.
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. Turnover
Turnover represents rents receivable on investment properties for the accounting period
2.3. 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:
Fixtures & Fittings 25% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 December 2024 1,037
Additions 178
As at 30 November 2025 1,215
Depreciation
As at 1 December 2024 198
Provided during the period 236
As at 30 November 2025 434
Net Book Value
As at 30 November 2025 781
As at 1 December 2024 839
5. Investment Property
2025
£
Fair Value
As at 1 December 2024 825,000
Revaluations 45,000
As at 30 November 2025 870,000
If investment property had not been revalued it would have been included at the following historical cost:
2025 2024
£ £
Cost 761,820 761,820
The first property was purchased in June 2022 and has been revalued to £370,000 at the financial year end 30th November 2025 by the directors of the company.
The second property was purchased in July 2022 and has been revalued to £500,000 at the financial year end 30th November 2025 by the directors of the company.
The combined value of the properties at the financial year end is £870,000.
Cost: £761,820
Valuation in 2023: (£1,820)
Valuation in 2024: £65,000
Valuation in 2025: £45,000
Total: £870,000
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 105 3,092
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 200,991 208,906
Taxation and social security 314 -
201,305 208,906
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Mortgage 568,594 567,446
9. Secured Creditors
The mortgages are secured over the assets in the company, including the investment properties.
2025 2024
£ £
Bank loans and overdrafts 568,594 567,446
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 December 2024 12,004 12,004
Additions 8,550 8,550
Balance at 30 November 2025 20,554 20,554
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
12. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 December 2024 51,176 (8,939 )
Profit for the year and total comprehensive income - 40,621
Transfer to/from Fair value reserve - (36,450)
Transfer to/from Profit & Loss Account 36,450 -
As at 30 November 2025 87,626 (4,768 )
Page 5