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REGISTERED NUMBER: 03601751 (England and Wales)















MATRIX PROPERTY MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023






MATRIX PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03601751)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


MATRIX PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: R J H Randall
P L Bax





REGISTERED OFFICE: Southdown Farm
Upland Lane
Liss
Hampshire
GU33 6NH





REGISTERED NUMBER: 03601751 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MATRIX PROPERTY MANAGEMENT LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Matrix Property Management Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Matrix Property Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Matrix Property Management Limited and state those matters that we have agreed to state to the Board of Directors of Matrix Property Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Matrix Property Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Matrix Property Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Matrix Property Management Limited. You consider that Matrix Property Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Matrix Property Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


16 November 2023

MATRIX PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03601751)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 95,651 84,633
Investments 5 - 1
95,651 84,634

CURRENT ASSETS
Debtors 6 39,803 -
Cash at bank 343,362 392,444
383,165 392,444
CREDITORS
Amounts falling due within one year 7 172,414 178,281
NET CURRENT ASSETS 210,751 214,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,402

298,797

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 306,302 298,697
306,402 298,797

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





R J H Randall - Director


MATRIX PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03601751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Matrix Property Management Limited is a private company, limited by shares, registered in England and Wales, registration number 03601751. The registered office is Southdown Farm, Upland Lane, Liss, Hampshire, GU33 6NH, United Kingdom.

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.

The financial statements have been prepared under the historical cost method.

Presentation currency
The accounts are presented in £ sterling.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions. However, the nature of estimation means that actual outcomes could differ from those estimates.

The following estimates have had the most significant effect on the amounts recognised in the financial statements:

1) Useful life of tangible fixed assets
A reliable estimate is made of the useful life of tangible fixed assets on acquisition. This estimate is based on a variety of factors such as expected use of the asset.

Turnover
Turnover represents management charges provided during the period (excluding value added tax) adjusted for accrued and deferred income where applicable. Turnover is recognised when the service is provided.

Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Plant & machinery20% on reducing balance
Motor Vehicles25% on cost
Computer equipment20% on cost

All tangible fixed assets are initially recorded at cost.

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently
measured at amortised cost.


MATRIX PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03601751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued
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 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 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 NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 July 2022 48,681 116,375 8,324 173,380
Additions 17,144 47,384 - 64,528
Disposals - (33,175 ) - (33,175 )
At 30 June 2023 65,825 130,584 8,324 204,733
DEPRECIATION
At 1 July 2022 23,371 57,052 8,324 88,747
Charge for year 6,776 33,396 - 40,172
Eliminated on disposal - (19,837 ) - (19,837 )
At 30 June 2023 30,147 70,611 8,324 109,082
NET BOOK VALUE
At 30 June 2023 35,678 59,973 - 95,651
At 30 June 2022 25,310 59,323 - 84,633

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 July 2022 1
Impairments (1 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 1

MATRIX PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03601751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Prepayments and accrued income 39,803 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
VAT 2,551 980
Other creditors 169,863 177,301
172,414 178,281