MATTHEWS GLOBAL INVESTORS (UK) LTD

Company Registration Number:
08570136 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

MATTHEWS GLOBAL INVESTORS (UK) LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MATTHEWS GLOBAL INVESTORS (UK) LTD

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

is to assist in marketing and distribution of marketing literature of registered investment funds.



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

Neil Steedman


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 April 2024

And signed on behalf of the board by:
Name: Neil Steedman
Status: Director

MATTHEWS GLOBAL INVESTORS (UK) LTD

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 2,641,519 2,982,157
Cost of sales: 0 0
Gross profit(or loss): 2,641,519 2,982,157
Administrative expenses: ( 2,399,356 ) ( 2,714,152 )
Operating profit(or loss): 242,163 268,005
Interest receivable and similar income: 25,816 2,741
Profit(or loss) before tax: 267,979 270,746
Tax: ( 67,797 ) ( 53,293 )
Profit(or loss) for the financial year: 200,182 217,453

MATTHEWS GLOBAL INVESTORS (UK) LTD

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 632,500 1,096,310
Cash at bank and in hand: 1,400,116 637,074
Investments:   0
Total current assets: 2,032,616 1,733,384
Creditors: amounts falling due within one year: 4 ( 341,730 ) ( 257,500 )
Net current assets (liabilities): 1,690,886 1,475,884
Total assets less current liabilities: 1,690,886 1,475,884
Accruals and deferred income: 0 0
Total net assets (liabilities): 1,690,886 1,475,884
Capital and reserves
Called up share capital: 50,000 50,000
Profit and loss account: 1,640,886 1,425,884
Total Shareholders' funds: 1,690,886 1,475,884

The notes form part of these financial statements

MATTHEWS GLOBAL INVESTORS (UK) LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 22 April 2024
and signed on behalf of the board by:

Name: Neil Steedman
Status: Director

The notes form part of these financial statements

MATTHEWS GLOBAL INVESTORS (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    All turnover is generated in the United Kingdom. Turnover is received from Matthews as remuneration for services related to the marketing and distribution of marketing literature of registered investment funds which is recognized on an accruals basis. Turnover is measured at their fair value of the consideration received or receivable for services rendered in the ordinary course of the Company's activities. The company recognizes turnover when the amount can be measured reliably and it is probable that future economic benefits will flow to the entity.

    Tangible fixed assets depreciation policy

    Tangible assets Tangible assets are stated at cost ( or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs. Tangible assets Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation and residual values Depreciation on assets is calculated, using the straight-line method, to allocate the depreciable amount to their residual values over their estimated useful lives, as follows: Leasehold improvements Over the expected life of the lease term Furniture and fixtures 5 years Computer equipment 3 years

MATTHEWS GLOBAL INVESTORS (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 7 7

MATTHEWS GLOBAL INVESTORS (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

2023 2022
£ £
Trade debtors 510,628 991,588
Prepayments and accrued income 115,272 98,122
Other debtors 6,600 6,600
Total 632,500 1,096,310

MATTHEWS GLOBAL INVESTORS (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 52,040 25,860
Accruals and deferred income 289,690 231,640
Total 341,730 257,500