Mathieson and Bell Developments Limited 11636534 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is other letting of own property along with buying and selling own property. Digita Accounts Production Advanced 6.30.9574.0 true true 11636534 2023-02-01 2024-01-31 11636534 2024-01-31 11636534 core:CurrentFinancialInstruments 2024-01-31 11636534 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 11636534 bus:SmallEntities 2023-02-01 2024-01-31 11636534 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11636534 bus:FilletedAccounts 2023-02-01 2024-01-31 11636534 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11636534 bus:RegisteredOffice 2023-02-01 2024-01-31 11636534 bus:Director1 2023-02-01 2024-01-31 11636534 bus:Director3 2023-02-01 2024-01-31 11636534 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11636534 core:ParentEntities 2023-02-01 2024-01-31 11636534 countries:EnglandWales 2023-02-01 2024-01-31 11636534 2021-11-01 2023-01-31 11636534 2023-01-31 11636534 core:CurrentFinancialInstruments 2023-01-31 11636534 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 11636534

Mathieson and Bell Developments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Mathieson and Bell Developments Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Mathieson and Bell Developments Limited

Company Information

Directors

SP Bell

Mrs A Mathieson

Registered office

Suite A4
Skylon Court Coldnose Road
Rotherwas
Hereford
HR2 6JS

Accountants

Boon and Worth Limited
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

 

Mathieson and Bell Developments Limited

(Registration number: 11636534)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

994

206

Cash at bank and in hand

 

330

5

 

1,324

211

Creditors: Amounts falling due within one year

5

(6,440)

(2,049)

Net liabilities

 

(5,116)

(1,838)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(5,216)

(1,938)

Shareholders' deficit

 

(5,116)

(1,838)

 

Mathieson and Bell Developments Limited

(Registration number: 11636534)
Balance Sheet as at 31 January 2024

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2024 and signed on its behalf by:
 

.........................................
SP Bell
Director

.........................................
Mrs A Mathieson
Director

 

Mathieson and Bell Developments Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite A4
Skylon Court Coldnose Road
Rotherwas
Hereford
HR2 6JS
England

These financial statements were authorised for issue by the Board on 11 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Total liabilities exceed current assets at the balance sheet date. The directors consider, however that the company has sufficient liquid assets, to meet its liabilities as and when they fall due, and that the company has sufficient support from its creditors. Accordingly, the director considers that it is appropriate to prepare the accounts on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Mathieson and Bell Developments Limited

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Debtors

Current

2024
£

2023
£

Trade debtors

848

-

Prepayments

146

206

 

994

206

 

Mathieson and Bell Developments Limited

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

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

14

181

Accruals and deferred income

1,680

1,680

Other creditors

4,746

188

6,440

2,049

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100

       

7

Related party transactions

Transactions with directors

Summary of transactions with parent

Mathieson & Bell Limited - Parent company
 
At the balance sheet date the amount due to Mathieson & Bell Limited was £14,746 (2023: £188). This loan is interest free and repayable on demand.