IRIS Accounts Production v24.1.0.578 04635733 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046357332023-01-31046357332024-01-31046357332023-02-012024-01-31046357332022-01-31046357332022-02-012023-01-31046357332023-01-3104635733ns15:EnglandWales2023-02-012024-01-3104635733ns14:PoundSterling2023-02-012024-01-3104635733ns10:Director12023-02-012024-01-3104635733ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3104635733ns10:SmallEntities2023-02-012024-01-3104635733ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3104635733ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3104635733ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104635733ns10:FullAccounts2023-02-012024-01-3104635733ns10:OrdinaryShareClass12023-02-012024-01-3104635733ns10:OrdinaryShareClass22023-02-012024-01-3104635733ns10:OrdinaryShareClass32023-02-012024-01-3104635733ns5:CurrentFinancialInstruments2024-01-3104635733ns5:CurrentFinancialInstruments2023-01-3104635733ns5:ShareCapital2024-01-3104635733ns5:ShareCapital2023-01-3104635733ns5:RetainedEarningsAccumulatedLosses2024-01-3104635733ns5:RetainedEarningsAccumulatedLosses2023-01-3104635733ns10:RegisteredOffice2023-02-012024-01-3104635733ns5:FurnitureFittings2023-01-3104635733ns5:FurnitureFittings2023-02-012024-01-3104635733ns5:FurnitureFittings2024-01-3104635733ns5:FurnitureFittings2023-01-3104635733ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3104635733ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3104635733ns10:OrdinaryShareClass12024-01-3104635733ns10:OrdinaryShareClass22024-01-3104635733ns10:OrdinaryShareClass32024-01-31046357331ns10:Director12023-01-31046357331ns10:Director12022-01-31046357331ns10:Director12023-02-012024-01-31046357331ns10:Director12022-02-012023-01-31046357331ns10:Director12024-01-31046357331ns10:Director12023-01-31
REGISTERED NUMBER: 04635733 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2024

for

Matt Erdmann Ltd

Matt Erdmann Ltd (Registered number: 04635733)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Matt Erdmann Ltd (Registered number: 04635733)

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,700 7,677

CURRENT ASSETS
Debtors 5 37,020 62,471
Investments 6 1,038,536 818,558
Cash at bank 116,413 205,203
1,191,969 1,086,232
CREDITORS
Amounts falling due within one year 7 33,296 52,040
NET CURRENT ASSETS 1,158,673 1,034,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,173,373

1,041,869

PROVISIONS FOR LIABILITIES 2,792 1,459
NET ASSETS 1,170,581 1,040,410

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 1,170,381 1,040,210
SHAREHOLDERS' FUNDS 1,170,581 1,040,410

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd October 2024 and were signed on its behalf by:




Dr M W H Erdmann - Director


Matt Erdmann Ltd (Registered number: 04635733)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. COMPANY INFORMATION

Matt Erdmann Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04635733

Registered office: The Lexicon
Mount Street
Manchester
M2 5NT

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets
Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Matt Erdmann Ltd (Registered number: 04635733)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

2. ACCOUNTING POLICIES - continued

Current asset investments
Investments in current assets such as listed share portfolios are measured at their market value. At each reporting date the increase/decrease in fair value is measured immediately in the profit and loss,

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st February 2023 22,267
Additions 12,873
At 31st January 2024 35,140
DEPRECIATION
At 1st February 2023 14,590
Charge for year 5,850
At 31st January 2024 20,440
NET BOOK VALUE
At 31st January 2024 14,700
At 31st January 2023 7,677

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 19,200 15,700
Other debtors 294 294
S455 recoverable - 32,882
Prepayments 17,526 13,595
37,020 62,471

6. CURRENT ASSET INVESTMENTS
31.1.24 31.1.23
£    £   
Listed investments 938,536 818,558
Other investments 100,000 -
1,038,536 818,558
Market value of listed investments at 31st January 2024 - £ 0 (2023 - £ 0 ).

Listed investments represent a holding in a listed share portfolio. The listed shares are recognised at market value.

Matt Erdmann Ltd (Registered number: 04635733)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors - 38
Corporation tax payable 30,493 50,375
Social security and other taxes 40 -
PAYE creditor - (85 )
Directors' current accounts 2,763 1,712
33,296 52,040

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary A £1 100 125
75 Ordinary B £1 75 75
25 Ordinary C 1 25 -
200 200

The Ordinary A shares rank equally in terms of voting rights, rights to participate in all dividend distributions and rights to participate in any capital distribution on winding up.

The Ordinary B and Ordinary C shares do not hold any voting rights and the dividend rights are at the discretion of the Ordinary A shareholders.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2024 and 31st January 2023:

31.1.24 31.1.23
£    £   
Dr M W H Erdmann
Balance outstanding at start of year (1,712 ) 1,997
Amounts advanced 64,476 2,465
Amounts repaid (65,527 ) (6,174 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,763 ) (1,712 )

10. CONTROL

The ultimate controlling party is Dr M W H Erdmann.