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REGISTERED NUMBER: 02866321 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

GORDON MATTHEWS (U.K.) LIMITED

GORDON MATTHEWS (U.K.) LIMITED (Registered number: 02866321)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

GORDON MATTHEWS (U.K.) LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: L Michaelides





REGISTERED OFFICE: 18-20 Frognal
London
NW3 6AG





REGISTERED NUMBER: 02866321 (England and Wales)





ACCOUNTANTS: Tasos Papaloizou Chartered Accountants
Suite 1
The Golf Club
Darkes Lane
Potters Bar
EN6 1DE

GORDON MATTHEWS (U.K.) LIMITED (Registered number: 02866321)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 800,000 800,000

CURRENT ASSETS
Debtors 5 3,653,711 3,755,972
Cash at bank 2,705 1,438
3,656,416 3,757,410
CREDITORS
Amounts falling due within one year 6 2,175,409 2,299,501
NET CURRENT ASSETS 1,481,007 1,457,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,281,007

2,257,909

CREDITORS
Amounts falling due after more than one
year

7

(406,219

)

(409,046

)

PROVISIONS FOR LIABILITIES 9 (128,849 ) (128,849 )
NET ASSETS 1,745,939 1,720,014

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 722,713 722,713
Retained earnings 11 1,023,224 997,299
SHAREHOLDERS' FUNDS 1,745,939 1,720,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

GORDON MATTHEWS (U.K.) LIMITED (Registered number: 02866321)

Balance Sheet - continued
31 December 2023


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 29 October 2024 and were signed by:





L Michaelides - Director


GORDON MATTHEWS (U.K.) LIMITED (Registered number: 02866321)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

GORDON MATTHEWS (U.K.) 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

GORDON MATTHEWS (U.K.) LIMITED (Registered number: 02866321)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 800,000
NET BOOK VALUE
At 31 December 2023 800,000
At 31 December 2022 800,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2004 117,999
Valuation in 2005 9,000
Valuation in 2006 18,900
Valuation in 2007 62,001
Valuation in 2018 592,100
800,000

Investment Property was valued on at open market basis on 31 December 2023 by the Director L Michaelides .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 6,000 6,000
Amounts owed by connected companies 1,503,229 1,018,248
Other debtors 2,144,482 2,731,724
3,653,711 3,755,972

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,007 3,176
Amounts owed to connected companies 1,993,256 2,126,144
Taxation and social security 56,111 52,241
Other creditors 123,035 117,940
2,175,409 2,299,501

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 406,219 409,046

GORDON MATTHEWS (U.K.) LIMITED (Registered number: 02866321)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 367,549 367,501

Repayable by instalments
Bank loans more 5 yr by instal 26,640 28,841

8. SECURED DEBTS

The Bank Loan repayable after more than 5 years is secured by way of a legal mortgage over the Investment Property.

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 128,849 128,849

Deferred
tax
£   
Balance at 1 January 2023 128,849
Balance at 31 December 2023 128,849

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary 1 2 2

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 997,299 722,713 1,720,012
Profit for the year 25,925 25,925
At 31 December 2023 1,023,224 722,713 1,745,937

GORDON MATTHEWS (U.K.) LIMITED (Registered number: 02866321)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
L Michaelides
Balance outstanding at start of year 2,202,388 2,145,569
Amounts advanced - 56,819
Amounts repaid (568,193 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,634,195 2,202,388

GORDON MATTHEWS (U.K.) LIMITED

Report of the Accountants to the Director of
GORDON MATTHEWS (U.K.) LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Tasos Papaloizou Chartered Accountants
Suite 1
The Golf Club
Darkes Lane
Potters Bar
EN6 1DE


Date: .............................................