REGISTERED NUMBER: 02751837 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

MORNINGDALE LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

A J Hackford

REGISTERED OFFICE:

'Heatherfield'

10 Styles Croft

Swanland

Hull

East Yorkshire

HU14 3NU

REGISTERED NUMBER:

02751837 (England and Wales)

ACCOUNTANTS:

Cheetham Allen

Chartered Accountants

17 Wright Street

Hull

East Yorkshire

HU2 8HU

FIXED ASSETS

Tangible assets

4

676,446

655,283

Investment property

5

455,773

455,773

1,132,219

1,111,056

CURRENT ASSETS

Stocks

6

413,571

413,571

Debtors

7

100,277

89,407

Cash at bank

219,705

350,091

733,553

853,069

CREDITORS

Amounts falling due within one year

8

71,469

58,691

NET CURRENT ASSETS

662,084

794,378

TOTAL ASSETS LESS CURRENT LIABILITIES

1,794,303

1,905,434

PROVISIONS FOR LIABILITIES

9

4,915

2,769

NET ASSETS

1,789,388

1,902,665

CAPITAL AND RESERVES

Called up share capital

10

200

200

Retained earnings

1,789,188

1,902,465

SHAREHOLDERS' FUNDS

1,789,388

1,902,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th November 2025 and were signed by:

A J Hackford - Director

1.	STATUTORY INFORMATION

Morningdale 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.

TURNOVER

Turnover represents net invoiced sales of property and services, excluding value added tax.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to leasehold property

-

2% on cost

Plant and equipment

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

No depreciation has been provided on the freehold property and the improvements to leasehold property as the director is of the opinion that the residual value of them is at least equal to the original 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.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Freehold

leasehold

Plant and

property

property

equipment

£

£

£

COST

At 1st December 2023

619,550

22,939

17,476

Additions

-

11,000

-

At 30th November 2024

619,550

33,939

17,476

DEPRECIATION

At 1st December 2023

-

-

6,651

Charge for year

-

-

2,707

At 30th November 2024

-

-

9,358

NET BOOK VALUE

At 30th November 2024

619,550

33,939

8,118

At 30th November 2023

619,550

22,939

10,825

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st December 2023

-

3,500

1,478

664,943

Additions

8,000

8,750

-

27,750

At 30th November 2024

8,000

12,250

1,478

692,693

DEPRECIATION

At 1st December 2023

-

1,531

1,478

9,660

Charge for year

1,200

2,680

-

6,587

At 30th November 2024

1,200

4,211

1,478

16,247

NET BOOK VALUE

At 30th November 2024

6,800

8,039

-

676,446

At 30th November 2023

-

1,969

-

655,283

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st December 2023

and 30th November 2024

455,773

NET BOOK VALUE

At 30th November 2024

455,773

At 30th November 2023

455,773

6.

STOCKS

2024

2023

£

£

Development land and property

413,571

413,571

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

100,277

89,407

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

7,993

Taxation and social security

44,917

24,396

Other creditors

26,552

26,302

71,469

58,691

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

4,915

2,769

Deferred

tax

£

Balance at 1st December 2023

2,769

Accelerated capital allowances

2,146

Balance at 30th November 2024

4,915

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200

Ordinary

£1

200

200

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th November 2024 and 30th November 2023:

2024

2023

£

£

A J Hackford

Balance outstanding at start of year

81,491

9,198

Amounts advanced

70,736

81,491

Amounts repaid

(81,491

)

(9,198

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

70,736

81,491