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COMPANY REGISTRATION NUMBER: 08601282
Matlau Ltd
Filleted Unaudited Financial Statements
31 March 2023
Matlau Ltd
Financial Statements
Year ended 31 March 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Matlau Ltd
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Investments
5
500,000
500,000
Current assets
Cash at bank and in hand
68
2,852
Creditors: amounts falling due within one year
6
219,241
219,141
---------
---------
Net current liabilities
219,173
216,289
---------
---------
Total assets less current liabilities
280,827
283,711
---------
---------
Capital and reserves
Called up share capital
7
250,002
250,002
Profit and loss account
30,825
33,709
---------
---------
Shareholders funds
280,827
283,711
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 November 2023 , and are signed on behalf of the board by:
M D Ockelford
G A Ockelford
Director
Director
Company registration number: 08601282
Matlau Ltd
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Investments
Shares in group undertakings
£
Cost
At 1 April 2022 and 31 March 2023
500,000
---------
Impairment
At 1 April 2022 and 31 March 2023
---------
Carrying amount
At 31 March 2023
500,000
---------
At 31 March 2022
500,000
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
219,218
219,118
Director loan accounts
23
23
---------
---------
219,241
219,141
---------
---------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
Ordinary A shares of £ 1 each
125,000
125,000
125,000
125,000
Ordinary B shares of £ 1 each
125,000
125,000
125,000
125,000
---------
---------
---------
---------
250,002
250,002
250,002
250,002
---------
---------
---------
---------
8. Related party transactions
At the year end the company owed the directors £23 (2022 - £23) which is shown amongst creditors. At the year end the company owed a related party £219,218 (2022 - £219,118) which is shown amongst creditors.