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REGISTERED NUMBER: 11531217 (England and Wales)




















Financial Statements

for the Year Ended 30 June 2024

for

MATADOR BHC LTD

MATADOR BHC LTD (REGISTERED NUMBER: 11531217)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MATADOR BHC LTD

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M F Saunders
J A M Saunders





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 11531217 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

MATADOR BHC LTD (REGISTERED NUMBER: 11531217)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 5,650
Tangible assets 5 1,461 2,922
Investment property 6 263,807 185,000
265,268 193,572

CURRENT ASSETS
Debtors 7 4,059 4,799
Cash at bank 34,548 113,934
38,607 118,733
CREDITORS
Amounts falling due within one year 8 (209,512 ) (214,277 )
NET CURRENT LIABILITIES (170,905 ) (95,544 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,363

98,028

CREDITORS
Amounts falling due after more than one
year

9

(106,000

)

(106,000

)

PROVISIONS FOR LIABILITIES (4,352 ) (4,352 )
NET LIABILITIES (15,989 ) (12,324 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 (16,089 ) (12,424 )
SHAREHOLDERS' FUNDS (15,989 ) (12,324 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MATADOR BHC LTD (REGISTERED NUMBER: 11531217)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:




M F Saunders - Director



J A M Saunders - Director


MATADOR BHC LTD (REGISTERED NUMBER: 11531217)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Matador Bhc Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business Know How are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 5 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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 ) .

MATADOR BHC LTD (REGISTERED NUMBER: 11531217)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 28,247
AMORTISATION
At 1 July 2023 22,597
Charge for year 5,650
At 30 June 2024 28,247
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 5,650

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 7,308
DEPRECIATION
At 1 July 2023 4,385
Charge for year 1,462
At 30 June 2024 5,847
NET BOOK VALUE
At 30 June 2024 1,461
At 30 June 2023 2,923

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 185,000
Additions 78,807
At 30 June 2024 263,807
NET BOOK VALUE
At 30 June 2024 263,807
At 30 June 2023 185,000

MATADOR BHC LTD (REGISTERED NUMBER: 11531217)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2023 22,905
Cost 240,902
263,807

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 4,059 4,799

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 1,950 -
Other creditors 207,562 214,277
209,512 214,277

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 106,000 106,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 106,000 106,000

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Mortgage 106,000 106,000

The mortgage provided by Together Commercial Finance Limited is secured against the freehold interest in the property known as 30 Banner Street by way of a fixed charge and negative pledge

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

MATADOR BHC LTD (REGISTERED NUMBER: 11531217)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. RESERVES
Retained
earnings
£   

At 1 July 2023 (12,424 )
Deficit for the year (3,665 )
At 30 June 2024 (16,089 )

Reserves include £18,553 which is not distributable. This relates to the unrealised revaluation of an investment property and the deferred tax effects

13. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.