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REGISTERED NUMBER: 13313033 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Mathew Derbyshire Limited

Mathew Derbyshire Limited (Registered number: 13313033)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mathew Derbyshire Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr M S Derbyshire





SECRETARY: Miss H Hopkins





REGISTERED OFFICE: C/O Tallents Solicitors
3 Middlegate
Newark
Nottinghamshire
NG24 1AQ





REGISTERED NUMBER: 13313033 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Mathew Derbyshire Limited (Registered number: 13313033)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 173,386 195,059

CURRENT ASSETS
Debtors 5 84,607 29,605
Cash at bank 3,379 15,801
87,986 45,406
CREDITORS
Amounts falling due within one year 6 29,125 16,295
NET CURRENT ASSETS 58,861 29,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,247

224,170

CREDITORS
Amounts falling due after more than one
year

7

184,732

216,732
NET ASSETS 47,515 7,438

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 47,415 7,338
SHAREHOLDERS' FUNDS 47,515 7,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Mathew Derbyshire Limited (Registered number: 13313033)

Balance Sheet - continued
30 April 2024


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 director and authorised for issue on 26 September 2024 and were signed by:





Mr M S Derbyshire - Director


Mathew Derbyshire Limited (Registered number: 13313033)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Mathew Derbyshire 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 represents the company's share of the profits of the partnership Tallents Solicitors.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

3. EMPLOYEES AND DIRECTORS

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

Mathew Derbyshire Limited (Registered number: 13313033)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 216,732
AMORTISATION
At 1 May 2023 21,673
Amortisation for year 21,673
At 30 April 2024 43,346
NET BOOK VALUE
At 30 April 2024 173,386
At 30 April 2023 195,059

Goodwill arose on the purchase of the company's share in Tallents Solicitors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from Tallents Solicitors 45,009 2,482
Directors' current accounts 39,598 27,123
84,607 29,605

Other than as stated under directors' current accounts above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 28,237 15,437
Accruals and deferred income 888 858
29,125 16,295

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 184,732 216,732

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Mathew Derbyshire Limited (Registered number: 13313033)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr M S Derbyshire
Balance outstanding at start of year 27,123 985
Amounts advanced 78,622 74,969
Amounts repaid (66,147 ) (48,831 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,598 27,123

Interest was charged on the director's advances at HM Revenue & Customs official rate of interest being 2.25% per annum.

The outstanding advances were repaid within nine months of the year end.