0 false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 2,395 2,395 67,516 15,405 52,111 52,111 67,516 xbrli:pure xbrli:shares iso4217:GBP 2384587 2023-01-01 2023-12-31 2384587 2023-12-31 2384587 2022-12-31 2384587 bus:Director1 2023-01-01 2023-12-31 2384587 core:FurnitureFittings 2023-12-31 2384587 core:WithinOneYear 2023-12-31 2384587 core:WithinOneYear 2022-12-31 2384587 core:ShareCapital 2023-12-31 2384587 core:ShareCapital 2022-12-31 2384587 core:RetainedEarningsAccumulatedLosses 2023-12-31 2384587 core:RetainedEarningsAccumulatedLosses 2022-12-31 2384587 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 2384587 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-12-31 2384587 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 2384587 core:Non-currentFinancialInstruments 2023-12-31 2384587 core:Non-currentFinancialInstruments 2022-12-31 2384587 bus:SmallEntities 2023-01-01 2023-12-31 2384587 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 2384587 bus:FullAccounts 2023-01-01 2023-12-31 2384587 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 2384587 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 2384587 core:FurnitureFittings 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 2384587
Matrix Project Management Limited
Filleted Unaudited Financial Statements
31 December 2023
Matrix Project Management Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Investments
5
52,111
67,516
Current assets
Cash at bank and in hand
8,676
62
Creditors: amounts falling due within one year
6
74,021
80,812
-------
-------
Net current liabilities
65,345
80,750
-------
-------
Total assets less current liabilities
( 13,234)
( 13,234)
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 13,334)
( 13,334)
-------
-------
Shareholders deficit
( 13,234)
( 13,234)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 August 2024 , and are signed on behalf of the board by:
C Hills
Director
Company registration number: 2384587
Matrix Project Management Limited
Notes to the Financial Statements
Year ended 31st December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5-11 Mortimer Street, London, W1T 3HS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
(c) Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(e) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
3 - 6 Years
(f) Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
(g) Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1st January 2023 and 31st December 2023
2,395
2,395
------
------
Depreciation
At 1st January 2023 and 31st December 2023
2,395
2,395
------
------
Carrying amount
At 31st December 2023
------
------
At 31st December 2022
------
------
5. Investments
Other investments
£
Cost
At 1st January 2023
67,516
Disposals
( 15,405)
-------
At 31st December 2023
52,111
-------
Impairment
At 1st January 2023 and 31st December 2023
-------
Carrying amount
At 31st December 2023
52,111
-------
At 31st December 2022
67,516
-------
Investments represent a 20 per cent interest in Union Jack Limited a Hong Kong company and comprises share capital of HK$2 and loan of HK$626,256 (2022: HK$776,256).
6. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
74,021
80,812
-------
-------