Morrell Investments Uk Limited - Accounts to registrar (filleted) - small 23.1.2

Morrell Investments Uk Limited - Accounts to registrar (filleted) - small 23.1.2

MORRELL INVESTMENTS UK LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v23.1.5.20 04408264 director 1.9.21 31.8.22 31.8.22 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure044082642021-08-31044082642022-08-31044082642021-09-012022-08-31044082642020-08-31044082642020-09-012021-08-31044082642021-08-3104408264ns16:EnglandWales2021-09-012022-08-3104408264ns15:PoundSterling2021-09-012022-08-3104408264ns11:Director12021-09-012022-08-3104408264ns11:PrivateLimitedCompanyLtd2021-09-012022-08-3104408264ns11:SmallEntities2021-09-012022-08-3104408264ns11:AuditExempt-NoAccountantsReport2021-09-012022-08-3104408264ns11:SmallCompaniesRegimeForDirectorsReport2021-09-012022-08-3104408264ns11:SmallCompaniesRegimeForAccounts2021-09-012022-08-3104408264ns11:FullAccounts2021-09-012022-08-3104408264ns11:CompanySecretary12021-09-012022-08-3104408264ns11:RegisteredOffice2021-09-012022-08-3104408264ns6:CurrentFinancialInstruments2022-08-3104408264ns6:CurrentFinancialInstruments2021-08-3104408264ns6:ShareCapital2022-08-3104408264ns6:ShareCapital2021-08-3104408264ns6:RetainedEarningsAccumulatedLosses2022-08-3104408264ns6:RetainedEarningsAccumulatedLosses2021-08-31
REGISTERED NUMBER: 04408264 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

FOR

MORRELL INVESTMENTS UK LIMITED
MORRELL INVESTMENTS UK LIMITED (REGISTERED NUMBER: 04408264)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MORRELL INVESTMENTS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2022







DIRECTOR: L F Morrell





SECRETARY: G A Morrell





REGISTERED OFFICE: 4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU





BUSINESS ADDRESS: 187 Henley Avenue
Cheam
Sutton
Surrey
SM3 9SD





REGISTERED NUMBER: 04408264 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU
-1-
MORRELL INVESTMENTS UK LIMITED (REGISTERED NUMBER: 04408264)

BALANCE SHEET
31 AUGUST 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 50,000 50,000

CURRENT ASSETS
Debtors 5 215,362 215,162

CREDITORS
Amounts falling due within one year 6 258,795 258,795
NET CURRENT LIABILITIES (43,433 ) (43,633 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
6,567
6,367

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 6,565 6,365
SHAREHOLDERS' FUNDS 6,567 6,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 May 2023 and were signed by:





L F Morrell - Director


The notes form part of these financial statements

-2-
MORRELL INVESTMENTS UK LIMITED (REGISTERED NUMBER: 04408264)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022


1. STATUTORY INFORMATION

Morrell Investments Uk 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Investment property
Investment properties are included in the balance sheet at their market value. Any surplus on revaluation is transferred to the investment property revaluation reserve. Any deficit is deducted from the investment property revaluation reserve, except for permanent diminution in value, which is charged to the profit and loss account. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

-3-
MORRELL INVESTMENTS UK LIMITED (REGISTERED NUMBER: 04408264)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2022


2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - NIL ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2021
and 31 August 2022 50,000
NET BOOK VALUE
At 31 August 2022 50,000
At 31 August 2021 50,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 215,362 215,162

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 92,000 92,000
Other creditors 166,795 166,795
258,795 258,795

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by The Morrell Group Limited.

-4-