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COMPANY REGISTRATION NUMBER: 01126859
Mathaf Gallery Limited
Filleted Unaudited Financial Statements
30 April 2023
Mathaf Gallery Limited
Financial Statements
Year ended 30 April 2023
Contents
Page
Directors' report
1
Report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position and the notes to the financial statements
3
Mathaf Gallery Limited
Directors' Report
Year ended 30 April 2023
The directors present their report and the unaudited financial statements of the company for the year ended 30 April 2023 .
Directors
The directors who served the company during the year were as follows:
Ms E Macdermot
Mrs G M Macdermot
Mr T P Macdermot
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 16 November 2023 and signed on behalf of the board by:
Mrs G M Macdermot
Director
Registered office:
The Clock House
48c Rutland Gate
London
England
SW7 1PL
Mathaf Gallery Limited
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Mathaf Gallery Limited
Year ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mathaf Gallery Limited for the year ended 30 April 2023, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
BAILHACHE LINTON LLP Accountants
Bourne House 475 Godstone Road Whyteleafe Surrey CR3 0BL
16 November 2023
Mathaf Gallery Limited
Statement of Financial Position
30 April 2023
2023
2022
£
£
Fixed assets
6,333
7,145
-------
-------
Current assets
2,337,550
2,378,191
Prepayments and accrued income
5,980
5,613
------------
------------
2,343,530
2,383,804
Creditors: amounts falling due within one year
12,708
7,758
------------
------------
Net current assets
2,330,822
2,376,046
------------
------------
Total assets less current liabilities
2,337,155
2,383,191
Accruals and deferred income
18,960
3,681
------------
------------
2,318,195
2,379,510
------------
------------
Capital and reserves
2,318,195
2,379,510
------------
------------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
2. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs G M Macdermot
( 3,963)
12,350
( 12,313)
( 3,926)
Mr T P Macdermot
150,000
-
( 150,000)
-
---------
--------
---------
-------
146,037
12,350
( 162,313)
( 3,926)
---------
--------
---------
-------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs G M Macdermot
( 3,651)
-
( 312)
( 3,963)
Mr T P Macdermot
-
150,000
-
150,000
-------
---------
----
---------
( 3,651)
150,000
( 312)
146,037
-------
---------
----
---------
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has 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 have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 16 November 2023 , and are signed on behalf of the board by:
Mrs G M Macdermot
Director
Company registration number: 01126859
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Clock House, 48c Rutland Gate, London, SW7 1PL, England.