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REGISTERED NUMBER: 05808782 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 May 2024

for

Matthew Gill Properties Limited

Matthew Gill Properties Limited (Registered number: 05808782)






Contents of the Financial Statements
For The Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Matthew Gill Properties Limited

Company Information
For The Year Ended 31 May 2024







DIRECTOR: Mr Matthew Gill





SECRETARY: Mrs Rebecca Gill





REGISTERED OFFICE: Orchard View Cottage
Wensley Road
Winster
Matlock
Derbyshire
DE4 2DH





REGISTERED NUMBER: 05808782 (England and Wales)





ACCOUNTANTS: Pedley & Co.
82 Nottingham Road
Somercotes
Alfreton
Derbyshire
DE55 4LY

Matthew Gill Properties Limited (Registered number: 05808782)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,310 54,692

CURRENT ASSETS
Stocks 1,113,444 1,100,039
Debtors 5 340 -
Cash at bank 2,345 27,559
1,116,129 1,127,598
CREDITORS
Amounts falling due within one year 6 1,349,574 1,171,497
NET CURRENT LIABILITIES (233,445 ) (43,899 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(176,135

)

10,793

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings (176,260 ) 10,668
SHAREHOLDERS' FUNDS (176,135 ) 10,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 September 2024 and were signed by:





Mr Matthew Gill - Director


Matthew Gill Properties Limited (Registered number: 05808782)

Notes to the Financial Statements
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

Matthew Gill Properties 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 - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 30% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Matthew Gill Properties Limited (Registered number: 05808782)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 67,550 56 17,870 620 86,096
Additions - - 15,990 - 15,990
At 31 May 2024 67,550 56 33,860 620 102,086
DEPRECIATION
At 1 June 2023 24,594 44 6,146 620 31,404
Charge for year 6,443 1 6,928 - 13,372
At 31 May 2024 31,037 45 13,074 620 44,776
NET BOOK VALUE
At 31 May 2024 36,513 11 20,786 - 57,310
At 31 May 2023 42,956 12 11,724 - 54,692

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 340 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 203 2,914
Payments on account 10,000 10,000
Trade creditors 1,786 7,592
Taxation and social security - 4,900
Other creditors 1,337,585 1,146,091
1,349,574 1,171,497