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REGISTERED NUMBER: 06779121 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Matt Russell Ltd

Matt Russell Ltd (Registered number: 06779121)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Matt Russell Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTOR: M E Russell





REGISTERED OFFICE: Parkgate House
33a Pratt Street
London
NW1 0BG





REGISTERED NUMBER: 06779121 (England and Wales)





ACCOUNTANTS: Creasey Alexander & Co
Chartered Accountants
Parkgate House
33a Pratt Street
London
NW1 0BG

Matt Russell Ltd (Registered number: 06779121)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,806 7,909

CURRENT ASSETS
Debtors 5 128,170 132,584
Cash at bank 58,285 47,291
186,455 179,875
CREDITORS
Amounts falling due within one year 6 106,737 102,666
NET CURRENT ASSETS 79,718 77,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,524

85,118

CREDITORS
Amounts falling due after more than one year 7 6,610 -
NET ASSETS 83,914 85,118

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 83,814 85,018
SHAREHOLDERS' FUNDS 83,914 85,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Matt Russell Ltd (Registered number: 06779121)

Balance Sheet - continued
31 December 2021


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 director and authorised for issue on 22 August 2022 and were signed by:





M E Russell - Director


Matt Russell Ltd (Registered number: 06779121)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Matt Russell Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

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 1 (2020 - 1 ) .

Matt Russell Ltd (Registered number: 06779121)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 41,102
Additions 9,224
Disposals (4,143 )
At 31 December 2021 46,183
DEPRECIATION
At 1 January 2021 33,193
Charge for year 5,907
Eliminated on disposal (3,723 )
At 31 December 2021 35,377
NET BOOK VALUE
At 31 December 2021 10,806
At 31 December 2020 7,909

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 20,977 25,391
Amounts owed by associates 107,193 107,193
128,170 132,584

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 1,800 -
Taxation and social security 6,474 2,025
Other creditors 98,463 100,641
106,737 102,666

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 6,610 -

Matt Russell Ltd (Registered number: 06779121)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. BANK CHARGE

Barclays Bank plc has a fixed and floating charge over all company assets in relation to a loan provided to The Grocery Studios Ltd (company number 09706391), a company owned 50% by Matt Russell Ltd. The total amount of the loan provided is £180,000.