Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312No description of principal activity2023-01-01false2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13106259 2023-01-01 2023-12-31 13106259 2022-01-01 2022-12-31 13106259 2023-12-31 13106259 2022-12-31 13106259 c:Director1 2023-01-01 2023-12-31 13106259 d:FreeholdInvestmentProperty 2023-12-31 13106259 d:FreeholdInvestmentProperty 2022-12-31 13106259 d:CurrentFinancialInstruments 2023-12-31 13106259 d:CurrentFinancialInstruments 2022-12-31 13106259 d:Non-currentFinancialInstruments 2023-12-31 13106259 d:Non-currentFinancialInstruments 2022-12-31 13106259 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13106259 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13106259 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13106259 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 13106259 d:ShareCapital 2023-12-31 13106259 d:ShareCapital 2022-12-31 13106259 d:RetainedEarningsAccumulatedLosses 2023-12-31 13106259 d:RetainedEarningsAccumulatedLosses 2022-12-31 13106259 c:FRS102 2023-01-01 2023-12-31 13106259 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13106259 c:FullAccounts 2023-01-01 2023-12-31 13106259 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13106259 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-01-01 2023-12-31 13106259 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-31 13106259 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-31 13106259 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13106259










MATON HOUSE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MATON HOUSE LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MATON HOUSE LTD
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Maton House Ltd for the year ended 31 December 2023 which comprise  the 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Maton House Ltd, as a body, in accordance with the terms of our engagement letter dated 6 January 2021Our work has been undertaken solely to prepare for your approval the financial statements of Maton House Ltd and state those matters that we have agreed to state to the Board of directors of Maton House Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Maton House Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Maton House Ltd 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 profit of Maton House Ltd. You consider that Maton House Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Maton House Ltd. 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.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
17 September 2024
Page 1

 
MATON HOUSE LTD
REGISTERED NUMBER: 13106259

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
668,303
668,303

  
668,303
668,303

Current assets
  

Cash at bank and in hand
  
8,584
3,786

  
8,584
3,786

Creditors: amounts falling due within one year
 5 
(200,537)
(196,520)

Net current liabilities
  
 
 
(191,953)
 
 
(192,734)

Total assets less current liabilities
  
476,350
475,569

Creditors: amounts falling due after more than one year
 6 
(478,125)
(478,125)

  

Net liabilities
  
(1,775)
(2,556)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,875)
(2,656)

  
(1,775)
(2,556)


Page 2

 
MATON HOUSE LTD
REGISTERED NUMBER: 13106259
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 September 2024.




J Taylor
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
MATON HOUSE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Maton House Ltd is a United Kingdom company limited by shares. It is incorporated and domiciled in England and Wales. The registered office address is 7 The Close, Norwich, NR1 4DJ.
The Company's principal activity is property letting in England.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have given an undertaking to provide financial support to the Company, where required, for the foreseeable future and consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
MATON HOUSE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
668,303



At 31 December 2023
668,303

The 2023 valuations were made by the directors, on an open market value for existing use basis.




Page 5

 
MATON HOUSE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
197,332
194,948

Accruals and deferred income
3,205
1,572

200,537
196,520



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
478,125
478,125

478,125
478,125


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
2022
£
£


Repayable other than by instalments
478,125
478,125

478,125
478,125




7.


Related party transactions

As at 31 December 2023 the balances owed to the directors was £197,332 (2022: £194,948).

 
Page 6