| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2026 |
| for |
| Morpho Holdings Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2026 |
| for |
| Morpho Holdings Limited |
| Morpho Holdings Limited (Registered number: 15587704) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Morpho Holdings Limited |
| Company Information |
| for the Year Ended 31 March 2026 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants (ICAEW) |
| Brunel House |
| 11 The Promenade |
| Clifton Down |
| Bristol |
| BS8 3NG |
| Morpho Holdings Limited (Registered number: 15587704) |
| Balance Sheet |
| 31 March 2026 |
| 2026 | 2025 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Revaluation reserve | 11 |
| Non Distributable Reserves on |
| Fair Value Gains | 11 |
| Retained earnings | 11 | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 were approved by the Board of Directors and authorised for issue on |
| Morpho Holdings Limited (Registered number: 15587704) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2026 |
| 1. | STATUTORY INFORMATION |
| Morpho Holdings Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| Additions |
| At 31 March 2026 |
| DEPRECIATION |
| Charge for year |
| At 31 March 2026 |
| NET BOOK VALUE |
| At 31 March 2026 |
| Morpho Holdings Limited (Registered number: 15587704) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2025 | 247,063 |
| Additions | 524,035 |
| Disposals | ( |
) | (81,266 | ) |
| Revaluations | 507,743 |
| At 31 March 2026 | 1,197,575 |
| NET BOOK VALUE |
| At 31 March 2026 | 1,197,575 |
| At 31 March 2025 | 247,063 |
| Cost or valuation at 31 March 2026 is represented by: |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| Valuation in 2026 | - | 507,743 | 507,743 |
| Cost | 100 | 689,732 | 689,832 |
| 100 | 1,197,475 | 1,197,575 |
| If fixed asset investments had not been revalued they would have been included at the following historical cost: |
| 2026 | 2025 |
| £ | £ |
| Cost | 689,732 | - |
| Fixed asset investments were valued on an open market basis basis on 31 March 2026 by the portfolio managers. . |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Additions |
| Revaluations | 70,202 |
| At 31 March 2026 |
| NET BOOK VALUE |
| At 31 March 2026 |
| Fair value at 31 March 2026 is represented by: |
| £ |
| Valuation in 2026 | 70,202 |
| Cost | 242,798 |
| 313,000 |
| Morpho Holdings Limited (Registered number: 15587704) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 6. | INVESTMENT PROPERTY - continued |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2026 | 2025 |
| £ | £ |
| Cost | 242,798 | - |
| Investment property was valued on an open market basis on 31 March 2026 by the Directors. . |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Amounts owed by group undertakings |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Amounts owed to group undertakings |
| Deposit held | 1,450 | - |
| Directors' loan accounts | 105 | 105 |
| Rent in advance |
| Accrued expenses |
| 9. | PROVISIONS FOR LIABILITIES |
| 2026 | 2025 |
| £ | £ |
| Deferred tax | 110,130 | - |
| Deferred |
| tax |
| £ |
| Provided on fair value uplift | 109,810 |
| Timing differences | 320 |
| Balance at 31 March 2026 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2026 | 2025 |
| value: | £ | £ |
| Ordinary | £1 | 200 | 200 |
| Morpho Holdings Limited (Registered number: 15587704) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 11. | RESERVES |
| Non |
| Distributable |
| Reserves |
| on Fair |
| Retained | Revaluation | Value |
| earnings | reserve | Gains | Totals |
| £ | £ | £ | £ |
| At 1 April 2025 | ( |
) | (9,360 | ) |
| Profit for the year |
| Transfer of Revaluation |
| Reserve | (56,863 | ) | 56,863 | - | - |
| Transfer of Fair Value Gains | (411,272 | ) | - | 411,272 | - |
| At 31 March 2026 | 1,712,225 |
| 12. | RELATED PARTY DISCLOSURES |
| Morpho Holdings Ltd is the parent company of one wholly owned subsidiary, Vivien Lees Ltd (Company number: 07836524). Vivien Lees Ltd ceased trading on 31 July 2025. |
| At the start of the year, Morpho Holdings Ltd owed Vivien Lees Ltd £256,467, and this amount was included within creditors. |
| Vivien Lees Ltd voted dividends of £1,244,957 to Morpho Holdiongs Ltd during the year, of which £866,914 were paid before the year end. |
| At the year end, Vivien Lees Ltd owed Morpho Holdings Ltd £121,576, and this amount is included within debtors. |