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REGISTERED NUMBER: 10179690 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2023

for

MS WARNER MATTHEWS LIMITED

MS WARNER MATTHEWS LIMITED (REGISTERED NUMBER: 10179690)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MS WARNER MATTHEWS LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: J P R Matthews
C M S Longbottom





REGISTERED OFFICE: 121 Promenade
Cheltenham
Gloucestershire
GL50 1NW





REGISTERED NUMBER: 10179690 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Bath House
6 - 8 Bath Street
Bristol
BS1 6HL

MS WARNER MATTHEWS LIMITED (REGISTERED NUMBER: 10179690)

Balance Sheet
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 88,884 -

CURRENT ASSETS
Debtors 5 99,662 94,023
Cash at bank 173,471 200,698
273,133 294,721
CREDITORS
Amounts falling due within one year 6 (342,017 ) (274,721 )
NET CURRENT (LIABILITIES)/ASSETS (68,884 ) 20,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,000

20,000

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings 5,000 5,000
20,000 20,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 29 October 2023 and were signed on its behalf by:



J P R Matthews - Director


MS WARNER MATTHEWS LIMITED (REGISTERED NUMBER: 10179690)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023


1. COMPANY INFORMATION

MS Warner Matthews 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents commissions and fees on the sale and management of investment products. Commission income is recognised at the point where deals are completed.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

MS WARNER MATTHEWS LIMITED (REGISTERED NUMBER: 10179690)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Fixed asset investments
Fixed asset investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised through the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 90,006
Revaluations (1,122 )
At 30 June 2023 88,884
NET BOOK VALUE
At 30 June 2023 88,884

The historical value of the investments at 30 June 2023 was £90,006 (2022 - £NIL).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 99,662 94,023

MS WARNER MATTHEWS LIMITED (REGISTERED NUMBER: 10179690)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to joint ventures 224,204 186,425
Tax 117,813 88,296
342,017 274,721