Registered number
07978435
MG MATTHEWS LIMITED
Filleted Accounts
31 March 2023
MG MATTHEWS LIMITED
Registered number: 07978435
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Investments held as current assets 3 193,440 185,599
Cash at bank and in hand 6,770 11,022
200,210 196,621
Creditors: amounts falling due within one year 4 (8,940) (5,263)
Net current assets 191,270 191,358
Net assets 191,270 191,358
Capital and reserves
Called up share capital 100 100
Profit and loss account 191,170 191,258
Shareholder's funds 191,270 191,358
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MG Matthews
Director
Approved by the board on 16 November 2023
MG MATTHEWS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments held as current assets 2023 2022
£ £
Fair value
Listed investments 193,440 185,599
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 8,256 4,579
Other creditors 684 684
8,940 5,263
5 Other information
MG MATTHEWS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
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