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Company No: 07672906 (England and Wales)

MATTHEW STEVENS & SON HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

MATTHEW STEVENS & SON HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

MATTHEW STEVENS & SON HOLDINGS LIMITED

BALANCE SHEET

As at 31 January 2024
MATTHEW STEVENS & SON HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 1,989,900 1,989,900
1,989,900 1,989,900
Creditors: amounts falling due within one year 4 ( 236,900) ( 256,900)
Net current liabilities (236,900) (256,900)
Total assets less current liabilities 1,753,000 1,733,000
Creditors: amounts falling due after more than one year 5 ( 10,000) ( 250,000)
Net assets 1,743,000 1,483,000
Capital and reserves
Called-up share capital 6 106 106
Share premium account 22,894 22,894
Capital redemption reserve 1,720,000 1,460,000
Total shareholders' funds 1,743,000 1,483,000

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Matthew Stevens & Son Holdings Limited (registered number: 07672906) were approved and authorised for issue by the Board of Directors on 02 September 2024. They were signed on its behalf by:

A Spencer-Smith
Director
MATTHEW STEVENS & SON HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
MATTHEW STEVENS & SON HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Matthew Stevens & Son Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 February 2023 1,989,900
At 31 January 2024 1,989,900
Carrying value at 31 January 2024 1,989,900
Carrying value at 31 January 2023 1,989,900

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.01.2024
Ownership
31.01.2023
Matthew Stevens & Son Limited Companies House, Cardiff Supplier of fresh and frozen fish Ordinary 99.00% 99.00%

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 6,900 5,140
Amounts owed to directors 0 1,760
Other creditors 230,000 250,000
236,900 256,900

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 10,000 250,000

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
90 Ordinary shares of £ 1.00 each 90 90
10 Ordinary A shares of £ 1.00 each 10 10
6 Ordinary C shares of £ 1.00 each 6 6
106 106