H. Morris & Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00133248 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

H. MORRIS & COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Robert H Morris

George F McGraw

SECRETARY:

Robert H Morris

REGISTERED OFFICE:

7 Portland Court

101 Hendon Lane

London

N3 3SH

REGISTERED NUMBER:

00133248 (England and Wales)

ACCOUNTANTS:

Bannerman Johnstone Maclay

Chartered Accountants

213 St Vincent Street

Glasgow

G2 5QY

BANKERS:

Hampden Bank

20/21 Charlotte Square

Edinburgh

EH2 4DF

FIXED ASSETS

Tangible assets

4

92,170

102,412

Investments

5

2

Investment property

6

22,478,658

21,144,385

22,570,830

21,246,799

CURRENT ASSETS

Debtors

7

4,789,869

4,575,063

Cash at bank and in hand

319,643

436,527

5,109,512

5,011,590

CREDITORS

Amounts falling due within one year

8

3,353,192

3,008,203

NET CURRENT ASSETS

1,756,320

2,003,387

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,327,150

23,250,186

CREDITORS

Amounts falling due after more than one
year

9

(8,510,787

)

(8,562,486

)

ACCRUALS AND DEFERRED INCOME

(9,045,290

)

(9,045,290

)

NET ASSETS

6,771,073

5,642,410

CAPITAL AND RESERVES

Called up share capital

100,000

Retained earnings

6,671,073

5,542,410

SHAREHOLDERS' FUNDS

6,771,073

5,642,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 30 October 2026 and were signed on its behalf by:

Robert H Morris - Director

1.	STATUTORY INFORMATION

H. Morris & Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover comprises rental income receivable in the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 20% on cost, 20% on reducing balance and 10% on cost

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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include certain debtors and cash and bank balances, are initially measured at transaction price including transactions costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including certain creditors and loans from related undertakings, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

634,816

Additions

22,603

At 31 January 2026

657,419

DEPRECIATION

At 1 February 2025

532,404

Charge for year

32,845

At 31 January 2026

565,249

NET BOOK VALUE

At 31 January 2026

92,170

At 31 January 2025

102,412

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 February 2025

and 31 January 2026

68,551

DEPRECIATION

At 1 February 2025

41,130

Charge for year

6,855

At 31 January 2026

47,985

NET BOOK VALUE

At 31 January 2026

20,566

At 31 January 2025

27,421

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2025

and 31 January 2026

2

NET BOOK VALUE

At 31 January 2026

2

At 31 January 2025

2

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

21,144,385

Additions

1,612,917

Disposals

(278,644

)

At 31 January 2026

22,478,658

NET BOOK VALUE

At 31 January 2026

22,478,658

At 31 January 2025

21,144,385

In the opinion of the directors, the open market value of the investment properties as at 31 January 2026 is £22,478,658.

Fixed assets, included in the above, which are held under finance leases are as follows:

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

165,000

NET BOOK VALUE

At 31 January 2026

165,000

At 31 January 2025

165,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

340,189

236,599

Amounts owed by related undertakings

2,356,995

2,356,403

Other debtors

2,092,685

1,982,061

4,789,869

4,575,063

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

4,126

14,167

Trade creditors

606,354

330,130

Amounts owed to related undertakings

256,649

265,649

Taxation and social security

279,185

322,924

Other creditors

2,206,878

2,075,333

3,353,192

3,008,203

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Bank loans

4,558,454

4,356,827

Amounts owed to group undertakings

3,830,333

4,083,659

Other creditors

122,000

8,510,787

8,562,486

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Preference shares

2,000

Bank loans are secured by standard securities over the company's properties at Rosyth Road, Rutherglen Road and Southcroft Road in Glasgow, Paxstone Crescent in Harthill and Tannahill Court in Paisley.

10.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Neidpath Investment Company Limited, a company incorporated in Scotland.