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REGISTERED NUMBER: 03804130 (England and Wales)















Unaudited Financial Statements

for the Period 1 August 2020 to 31 December 2021

for

MATAR DESIGN LIMITED

MATAR DESIGN LIMITED (REGISTERED NUMBER: 03804130)






Contents of the Financial Statements
for the Period 1 August 2020 to 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MATAR DESIGN LIMITED

Company Information
for the Period 1 August 2020 to 31 December 2021







DIRECTORS: H J MATAR
Mrs D MATAR





SECRETARY: SPM SERVICES LTD





REGISTERED OFFICE: Rear of No 2 Glenthorne Road
Friern Barnet
London
N11 3HT





REGISTERED NUMBER: 03804130 (England and Wales)





ACCOUNTANTS: Gynch Shaw Maurice & Co
Chartered Certified Accountants
Rear of No 2
SPM House
Glenthorne Road
Friern Barnet
London
N11 3HT

MATAR DESIGN LIMITED (REGISTERED NUMBER: 03804130)

Balance Sheet
31 December 2021

31.12.21 31.7.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,597 2,851
Investments 5 7,032 3,250
Investment property 6 75,000 75,000
87,629 81,101

CURRENT ASSETS
Debtors 7 47,273 5,576
Cash at bank 97,674 266,655
144,947 272,231
CREDITORS
Amounts falling due within one year 8 (14,647 ) 27,676
NET CURRENT ASSETS 159,594 244,555
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,223

325,656

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 247,123 325,556
SHAREHOLDERS' FUNDS 247,223 325,656

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 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 13 September 2022 and were signed on its behalf by:



H J MATAR - Director


MATAR DESIGN LIMITED (REGISTERED NUMBER: 03804130)

Notes to the Financial Statements
for the Period 1 August 2020 to 31 December 2021

1. STATUTORY INFORMATION

MATAR DESIGN 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 is derived from copyright management and investments net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance

Investment property
Investment property is included in the balance sheet at the open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Taxation
Taxation for the period 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 period 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.

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.

MATAR DESIGN LIMITED (REGISTERED NUMBER: 03804130)

Notes to the Financial Statements - continued
for the Period 1 August 2020 to 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2020 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 August 2020 15,497 6,531 12,723 34,751
Additions - 4,406 - 4,406
At 31 December 2021 15,497 10,937 12,723 39,157
DEPRECIATION
At 1 August 2020 15,497 5,330 11,073 31,900
Charge for period - 1,192 468 1,660
At 31 December 2021 15,497 6,522 11,541 33,560
NET BOOK VALUE
At 31 December 2021 - 4,415 1,182 5,597
At 31 July 2020 - 1,201 1,650 2,851

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2020 3,250
Additions 3,782
At 31 December 2021 7,032
NET BOOK VALUE
At 31 December 2021 7,032
At 31 July 2020 3,250

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2020
and 31 December 2021 75,000
NET BOOK VALUE
At 31 December 2021 75,000
At 31 July 2020 75,000

The valuation of investment property was made as at 31 July 2016 by the director on an open market basis which is the same as the historic cost. No depreciation is provided in respect of this property.

MATAR DESIGN LIMITED (REGISTERED NUMBER: 03804130)

Notes to the Financial Statements - continued
for the Period 1 August 2020 to 31 December 2021

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.7.20
£    £   
Trade debtors 835 -
Other debtors 46,438 5,576
47,273 5,576

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.7.20
£    £   
Trade creditors 355 -
Taxation and social security (17,202 ) 17,532
Other creditors 2,200 10,144
(14,647 ) 27,676

9. CONTINGENT LIABILITIES

There were no contingent liabilities.

10. CAPITAL COMMITMENTS

There were no major capital commitments at the balance sheet date.


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is a balance of £33,066 (2020: other creditors £625) owed to the company by H Matar, the director. This amount has been repaid in full in September 2022.

12. POST BALANCE SHEET EVENTS

There were no post balance sheet events to disclose.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is H J MATAR.