Registered number
12505742
MATAXA INVEST LIMITED
Unaudited Filleted Accounts
31 March 2024
MATAXA INVEST LIMITED
Company Information
Director
Mr J Waizenegger
Accountants
Key Business Consultants LLP
13 Whitchurch Lane
Edgware
HA8 6JZ
Bankers
Wise Payments Limited
Paysera LT
Registered office
13 Whitchurch Lane
Edgware
HA8 6JZ
Registered number
12505742
MATAXA INVEST LIMITED
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of MATAXA INVEST LIMITED for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MATAXA INVEST LIMITED for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity 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, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Key Business Consultants LLP
Chartered Accountants
13 Whitchurch Lane
Edgware
HA8 6JZ
19 October 2024
MATAXA INVEST LIMITED
Registered number: 12505742
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,462 96,966
Current assets
Debtors 4 205,839 9,140
Cash at bank and in hand 49 753
205,888 9,893
Creditors: amounts falling due within one year 5 (93,574) (123,526)
Net current assets/(liabilities) 112,314 (113,633)
Total assets less current liabilities 113,776 (16,667)
Provisions for liabilities (278) -
Net assets/(liabilities) 113,498 (16,667)
Capital and reserves
Called up share capital 100 100
Profit and loss account 113,398 (16,767)
Shareholder's funds 113,498 (16,667)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Waizenegger
Director
Approved by the board on 19 October 2024
MATAXA INVEST LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).These accounts have been prepared under the going concern basis due to the shareholder's continued financial support.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings No depreciation
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
1 Accounting policies
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 95,016 3,234 98,250
Disposals (95,016) - (95,016)
At 31 March 2024 - 3,234 3,234
Depreciation
At 1 April 2023 - 1,284 1,284
Charge for the year - 488 488
At 31 March 2024 - 1,772 1,772
Net book value
At 31 March 2024 - 1,462 1,462
At 31 March 2023 95,016 1,950 96,966
Freehold land and buildings: 2024 2023
£ £
Historical cost - 95,016
Cumulative depreciation based on historical cost - 5,701
- 89,315
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 205,080 -
Deferred tax asset - 8,381
Other debtors 759 759
205,839 9,140
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 21 -
Other creditors 93,553 123,526
93,574 123,526
6 Related party transactions
As at 31 March 2024, the company owed the Director, Mr J Waizenegger, £92,405 (2023: £90,533) in interest free, repayable on demand loans.

As at 31 March 2024, Mataxa Limited (Malta) owes the company £205,080 (2023: £32,094), a company under common control, in interest free, repayable on demand loans.
7 Controlling party
The ultimate control throughout the year remained with Mr J Waizenegger.
8 Other information
MATAXA INVEST LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
13 Whitchurch Lane
Edgware
HA8 6JZ
MATAXA INVEST LIMITED 12505742 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 No description of principal activity 12505742 2022-04-01 2023-03-31 12505742 core:WithinOneYear 2023-03-31 12505742 core:ShareCapital 2023-03-31 12505742 core:RetainedEarningsAccumulatedLosses 2023-03-31 12505742 2023-04-01 2024-03-31 12505742 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12505742 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12505742 bus:Director1 2023-04-01 2024-03-31 12505742 1 2023-04-01 2024-03-31 12505742 2 2023-04-01 2024-03-31 12505742 core:LandBuildings 2023-04-01 2024-03-31 12505742 core:PlantMachinery 2023-04-01 2024-03-31 12505742 countries:England 2023-04-01 2024-03-31 12505742 bus:FRS102 2023-04-01 2024-03-31 12505742 bus:FilletedAccounts 2023-04-01 2024-03-31 12505742 2024-03-31 12505742 core:WithinOneYear 2024-03-31 12505742 core:ShareCapital 2024-03-31 12505742 core:RetainedEarningsAccumulatedLosses 2024-03-31 12505742 core:LandBuildings 2024-03-31 12505742 core:PlantMachinery 2024-03-31 12505742 2023-03-31 12505742 core:LandBuildings 2023-03-31 12505742 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure