H. Morris & Company Limited - Accounts to registrar (filleted) - small 18.2

H. Morris & Company Limited - Accounts to registrar (filleted) - small 18.2

H. MORRIS & COMPANY LIMITED - Company Information

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IRIS Accounts Productionv20.3.4.100133248Board of Directors1.2.1931.1.2031.1.20truefalsetruefalsefalsetruefalseFair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure001332482019-01-31001332482020-01-31001332482019-02-012020-01-31001332482018-01-31001332482018-02-012019-01-31001332482019-01-3100133248ns16:EnglandWales2019-02-012020-01-3100133248ns15:PoundSterling2019-02-012020-01-3100133248ns11:Director12019-02-012020-01-3100133248ns11:PrivateLimitedCompanyLtd2019-02-012020-01-3100133248ns11:SmallEntities2019-02-012020-01-3100133248ns11:AuditExempt-NoAccountantsReport2019-02-012020-01-3100133248ns11:SmallCompaniesRegimeForDirectorsReport2019-02-012020-01-3100133248ns11:SmallCompaniesRegimeForAccounts2019-02-012020-01-3100133248ns11:FullAccounts2019-02-012020-01-3100133248ns11:Director22019-02-012020-01-3100133248ns11:CompanySecretary12019-02-012020-01-3100133248ns11:RegisteredOffice2019-02-012020-01-3100133248ns6:CurrentFinancialInstruments2020-01-3100133248ns6:CurrentFinancialInstruments2019-01-3100133248ns6:Non-currentFinancialInstruments2020-01-3100133248ns6:Non-currentFinancialInstruments2019-01-3100133248ns6:ShareCapital2020-01-3100133248ns6:ShareCapital2019-01-3100133248ns6:RetainedEarningsAccumulatedLosses2020-01-3100133248ns6:RetainedEarningsAccumulatedLosses2019-01-3100133248ns6:LandBuildings2019-02-012020-01-3100133248ns6:PlantMachinery2019-02-012020-01-3100133248ns6:LandBuildings2019-01-3100133248ns6:PlantMachinery2019-01-3100133248ns6:LandBuildings2020-01-3100133248ns6:PlantMachinery2020-01-3100133248ns6:LandBuildings2019-01-3100133248ns6:PlantMachinery2019-01-3100133248ns6:LeasedAssetsHeldAsLesseens6:PlantMachinery2019-02-012020-01-3100133248ns6:LeasedAssetsHeldAsLesseens6:PlantMachinery2020-01-3100133248ns6:CostValuation2019-01-3100133248ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-01-3100133248ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-01-3100133248ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2020-01-3100133248ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2019-01-3100133248ns6:Non-currentFinancialInstruments2019-02-012020-01-31

REGISTERED NUMBER: 00133248 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2020


FOR



H. MORRIS & COMPANY LIMITED

H. MORRIS & COMPANY LIMITED (REGISTERED NUMBER: 00133248)


CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2020











Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




H. MORRIS & COMPANY LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2020









DIRECTORS:

Robert H Morris


George F McGraw





SECRETARY:

Robert H Morris





REGISTERED OFFICE:

4 Swanbridge Industrial Park


Black Croft Road


Witham


Essex


CM8 3YN





REGISTERED NUMBER:

00133248 (England and Wales)





ACCOUNTANTS:

Bannerman Johnstone Maclay


Chartered Accountants


213 St Vincent Street


Glasgow


G2 5QY





BANKERS:

Clydesdale Bank plc


Head Office


30 St Vincent Place


Glasgow


G1 2HL





SOLICITORS:

MacRoberts LLP


Capella


60 York Street


Glasgow


G2 8JX


Page 1


H. MORRIS & COMPANY LIMITED (REGISTERED NUMBER: 00133248)


BALANCE SHEET

31 JANUARY 2020



2020

2019



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

159,238


11,438,656



Investments

5

2


2



Investment property

6

15,303,832


-



15,463,072


11,438,658




CURRENT ASSETS

Stocks

328,071


298,214



Debtors

7

5,942,150


5,545,643



Cash at bank and in hand

77,723


56,523



6,347,944


5,900,380



CREDITORS

Amounts falling due within one year

8

6,481,707


5,289,574



NET CURRENT (LIABILITIES)/ASSETS

(133,763

)

610,806



TOTAL ASSETS LESS CURRENT

LIABILITIES

15,329,309


12,049,464




CREDITORS

Amounts falling due after more than one

year

9

(3,497,782

)

(332,000

)



ACCRUALS AND DEFERRED INCOME

(9,778,405

)

(9,778,405

)


NET ASSETS

2,053,122


1,939,059




CAPITAL AND RESERVES

Called up share capital

100,000


100,000



Retained earnings

1,953,122


1,839,059



SHAREHOLDERS' FUNDS

2,053,122


1,939,059




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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 notes form part of these financial statements




Page 2

continued...


H. MORRIS & COMPANY LIMITED (REGISTERED NUMBER: 00133248)


BALANCE SHEET - continued

31 JANUARY 2020



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 26 January 2021 and were signed on its behalf by:






Robert H Morris - Director




The notes form part of these financial statements




Page 3


H. MORRIS & COMPANY LIMITED (REGISTERED NUMBER: 00133248)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2020



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.


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.    



Preparation of consolidated financial statements

The financial statements contain information about H. Morris & Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Neidpath Investment Company Limited, .


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.  


Land and buildings

-

2% on cost


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.


Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


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.



Page 4

continued...


H. MORRIS & COMPANY LIMITED (REGISTERED NUMBER: 00133248)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2020



2.

ACCOUNTING POLICIES - continued


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 6 (2019 - 6 ) .


4.

TANGIBLE FIXED ASSETS


Plant and



Land and


machinery



buildings


etc


Totals

£   

£   

£   



COST


At 1 February 2019

12,004,624


485,159


12,489,783




Additions

-


91,315


91,315




Transfer to Investment


property

(12,004,624

)

-


(12,004,624

)



At 31 January 2020

-


576,474


576,474




DEPRECIATION


At 1 February 2019

650,102


401,025


1,051,127




Charge for year

-


16,211


16,211




Transfer to Investment


property

(650,102

)

-


(650,102

)



At 31 January 2020

-


417,236


417,236




NET BOOK VALUE


At 31 January 2020

-


159,238


159,238




At 31 January 2019

11,354,522


84,134


11,438,656





Page 5

continued...


H. MORRIS & COMPANY LIMITED (REGISTERED NUMBER: 00133248)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2020



4.

TANGIBLE FIXED ASSETS - continued



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



Plant and


machinery


etc

£   



COST


Additions

88,801




At 31 January 2020

88,801




DEPRECIATION


Charge for year

8,880




At 31 January 2020

8,880




NET BOOK VALUE


At 31 January 2020

79,921




5.

FIXED ASSET INVESTMENTS


Shares in


group


undertakings

£   



COST


At 1 February 2019


and 31 January 2020

2




NET BOOK VALUE


At 31 January 2020

2




At 31 January 2019

2




6.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


Additions

3,949,310




Transfer from Freehold


property

11,354,522




At 31 January 2020

15,303,832




NET BOOK VALUE


At 31 January 2020

15,303,832





Page 6

continued...


H. MORRIS & COMPANY LIMITED (REGISTERED NUMBER: 00133248)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2020



6.

INVESTMENT PROPERTY - continued



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


Total

£   



FAIR VALUE


Additions

165,000




At 31 January 2020

165,000




NET BOOK VALUE


At 31 January 2020

165,000




7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2020

2019


£   

£   



Trade debtors

58,487


87,446




Amounts owed by group undertakings

294,140


298,114




Amounts owed by related undertakings

2,935,166


2,068,285




Other debtors

2,654,357


3,091,798



5,942,150


5,545,643




8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2020

2019


£   

£   



Hire purchase contracts

74,600


-




Trade creditors

436,395


150,982




Amounts owed to group undertakings

5,319,659


4,069,658




Amounts owed to related undertakings

-


48,500




Taxation and social security

98


1,561




Other creditors

650,955


1,018,873



6,481,707


5,289,574




9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR


2020

2019


£   

£   



Bank loans

3,019,000


-




Hire purchase contracts

146,782


-




Other creditors

332,000


332,000



3,497,782


332,000





Amounts falling due in more than five years:



Repayable otherwise than by instalments


Preference shares

2,000


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,


Page 7

continued...


H. MORRIS & COMPANY LIMITED (REGISTERED NUMBER: 00133248)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2020



10.

ULTIMATE CONTROLLING PARTY



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



Page 8