REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 22 December 2022 to 31 December 2023 |
for |
Mattoni Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 22 December 2022 to 31 December 2023 |
for |
Mattoni Limited |
Mattoni Limited (Registered number: 14554296) |
Contents of the Financial Statements |
for the Period 22 December 2022 to 31 December 2023 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 4 |
Mattoni Limited |
Company Information |
for the Period 22 December 2022 to 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Scottish Provident House |
76-80 College Road |
Harrow |
Middlesex |
HA1 1BQ |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Mattoni Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mattoni Limited for the period ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Mattoni Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mattoni Limited and state those matters that we have agreed to state to the Board of Directors of Mattoni Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mattoni Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Mattoni Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mattoni Limited. You consider that Mattoni Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Mattoni Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Scottish Provident House |
76-80 College Road |
Harrow |
Middlesex |
HA1 1BQ |
Mattoni Limited (Registered number: 14554296) |
Balance Sheet |
31 December 2023 |
Notes | £ |
CURRENT ASSETS |
Stocks |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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 were approved by the Board of Directors and authorised for issue on |
Mattoni Limited (Registered number: 14554296) |
Notes to the Financial Statements |
for the Period 22 December 2022 to 31 December 2023 |
1. | STATUTORY INFORMATION |
Mattoni Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Stocks |
It represents the development properties held for future sale as part of the company's ordinary activities. They are initially measured at cost, which includes the purchase price and any directly attributable costs incurred in bringing the property to its present condition. |
Subsequent to initial recognition, development properties are measured at the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and selling expenses. |
If the carrying amount exceeds the net realisable value, an impairment loss is recognised immediately in the profit and loss account. |
Taxation |
Taxation for the period 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 period 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. |
Going concern |
The Directors have prepared the financial statements on a going concern basis. They have assessed the Company’s financial position and confirm their ability and intention to provide the necessary financial support for at least 12 months from the date of approval of these financial statements. Based on this commitment, the financial statements have been prepared on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
Mattoni Limited (Registered number: 14554296) |
Notes to the Financial Statements - continued |
for the Period 22 December 2022 to 31 December 2023 |
5. | RELATED PARTY DISCLOSURES |
Included in other creditors is an amount of £842,079 payable to the directors: £290,513 to Ms Sarah Issa Al-Aride, £261,053 to Ms Hadia Ghrewati, and £290,513 to Ms Dalia Izzeldeen Mahmoud Touqan. This represents an interest-free loan provided by the directors to the company, which is repayable on demand. |