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REGISTERED NUMBER: 08369114 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Matthew Banks Limited

Matthew Banks Limited (Registered number: 08369114)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Matthew Banks Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Dr M Banks
Mrs E Banks





REGISTERED OFFICE: The Brentano Suite
Solar House
915 High Road
London
N12 8QJ





REGISTERED NUMBER: 08369114 (England and Wales)





ACCOUNTANTS: Pi Accountants
Chartered Certified Accountants
The Brentano Suite
Solar House
915 High Road
London
N12 8QJ

Matthew Banks Limited (Registered number: 08369114)

Statement of Financial Position
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,210 2,713
Investments 5 272,855 72,865
276,065 75,578

CURRENT ASSETS
Debtors 6 223,741 289,951
Prepayments and accrued income 4,425 3,857
Cash at bank 170,869 199,135
399,035 492,943
CREDITORS
Amounts falling due within one year 7 97,176 79,654
NET CURRENT ASSETS 301,859 413,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

577,924

488,867

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 577,824 488,767
SHAREHOLDERS' FUNDS 577,924 488,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 6 September 2024 and were signed on its behalf by:





Dr M Banks - Director


Matthew Banks Limited (Registered number: 08369114)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Matthew Banks Limited 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Matthew Banks Limited (Registered number: 08369114)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 219 1,724 12,500 18,515 32,958
Additions - - - 2,706 2,706
Disposals - - (12,500 ) - (12,500 )
At 31 December 2023 219 1,724 - 21,221 23,164
DEPRECIATION
At 1 January 2023 219 1,554 11,727 16,745 30,245
Charge for year - 170 - 1,266 1,436
Eliminated on disposal - - (11,727 ) - (11,727 )
At 31 December 2023 219 1,724 - 18,011 19,954
NET BOOK VALUE
At 31 December 2023 - - - 3,210 3,210
At 31 December 2022 - 170 773 1,770 2,713

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 January 2023 72,865
Additions 199,990
At 31 December 2023 272,855
NET BOOK VALUE
At 31 December 2023 272,855
At 31 December 2022 72,865

The company is a member in ASI London A Clinician LLP (current investment £34,751) and ASI London E Clinician LLP (current investment £35,114) and ASI London D Clinician LLP current investment £3,000).The company is a shareholder in Ambulatory Surgery International Limited (current investment £199,990).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 107,396 120,477
Other debtors 116,345 169,474
223,741 289,951

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 2,611 846
Taxation and social security 88,287 72,044
Other creditors 6,278 6,764
97,176 79,654

Matthew Banks Limited (Registered number: 08369114)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31/12/23 31/12/22
£    £   
Dr M Banks
Balance outstanding at start of year (1,452 ) (816 )
Amounts repaid 670 636
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (782 ) (1,452 )

Mrs E Banks
Balance outstanding at start of year - (30,262 )
Amounts repaid (85 ) 30,262
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (85 ) -