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REGISTERED NUMBER: 12915252 (United Kingdom)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

MATT & PAUL HOLDINGS LTD

MATT & PAUL HOLDINGS LTD (REGISTERED NUMBER: 12915252)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


MATT & PAUL HOLDINGS LTD (REGISTERED NUMBER: 12915252)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 298,659 298,659

CREDITORS
Amounts falling due within one year 5 260,974 205,755
NET CURRENT LIABILITIES (260,974 ) (205,755 )
TOTAL ASSETS LESS CURRENT LIABILITIES 37,685 92,904

CREDITORS
Amounts falling due after more than one year 6 37,585 92,804
NET ASSETS 100 100

CAPITAL AND RESERVES
Called up share capital 8 100 100
SHAREHOLDERS' FUNDS 100 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

MATT & PAUL HOLDINGS LTD (REGISTERED NUMBER: 12915252)

Balance Sheet - continued
31 May 2024


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 by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:





Mr M Peters - Director


MATT & PAUL HOLDINGS LTD (REGISTERED NUMBER: 12915252)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Matt & Paul Holdings Ltd is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 12915252

Registered office: C/O World Of Kitchens
Goldcroft Common
Caerleon
NP18 1BE

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Deferred tax
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 2 (2023 - 2 ) .

MATT & PAUL HOLDINGS LTD (REGISTERED NUMBER: 12915252)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 298,659
NET BOOK VALUE
At 31 May 2024 298,659
At 31 May 2023 298,659

The company's investments at the Balance Sheet date in the share capital of companies include the following:

World of Kitchens Ltd
Registered office: Goldcroft Common, Caerloen, Newport, NP18 1BE, United Kingdom
Nature of business: designing and installing kitchens.
%
Class of shares: holding
Ordinary 100.00

The principal activity of World of Kitchens Ltd is that of designing and installing kitchens. The profit for the financial period of World of Kitchens Ltd was £184,293 and the aggregate amount of capital and reserves at the end of the period was £419,000.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 54,022 50,000
Other creditors 205,932 154,905
Accruals and deferred income 1,020 850
260,974 205,755

The loans and borrowings due within one year are secured by combination of fixed and floating charge over the assets of World of Kitchens Ltd, and personal guarantees provided by the directors.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 7) 37,585 92,804

The loans and borrowings due in greater one year are secured by combination of fixed and floating charge over the assets of World of Kitchens Ltd, and personal guarantees provided by the directors.

MATT & PAUL HOLDINGS LTD (REGISTERED NUMBER: 12915252)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 54,022 50,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 37,585 92,804

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40 Ordinary £1 40 40
10 Ordinary A £1 10 10
40 Ordinary B £1 40 40
10 Ordinary C £1 10 10
100 100