IRIS Accounts Production v24.1.4.33 10634157 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model Ordinary A 0.50000 Ordinary B 0.50000 Ordinary 0.50000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106341572023-03-31106341572024-03-31106341572023-04-012024-03-31106341572022-03-31106341572022-04-012023-03-31106341572023-03-3110634157ns15:EnglandWales2023-04-012024-03-3110634157ns14:PoundSterling2023-04-012024-03-3110634157ns10:Director12023-04-012024-03-3110634157ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110634157ns10:SmallEntities2023-04-012024-03-3110634157ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110634157ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110634157ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110634157ns10:FullAccounts2023-04-012024-03-3110634157ns10:OrdinaryShareClass12023-04-012024-03-3110634157ns10:OrdinaryShareClass22023-04-012024-03-3110634157ns10:OrdinaryShareClass32023-04-012024-03-3110634157ns10:Director22023-04-012024-03-3110634157ns10:Director32023-04-012024-03-3110634157ns10:Director42023-04-012024-03-3110634157ns10:RegisteredOffice2023-04-012024-03-3110634157ns5:CurrentFinancialInstruments2024-03-3110634157ns5:CurrentFinancialInstruments2023-03-3110634157ns5:Non-currentFinancialInstruments2024-03-3110634157ns5:Non-currentFinancialInstruments2023-03-3110634157ns5:ShareCapital2024-03-3110634157ns5:ShareCapital2023-03-3110634157ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3110634157ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3110634157ns5:RetainedEarningsAccumulatedLosses2024-03-3110634157ns5:RetainedEarningsAccumulatedLosses2023-03-3110634157ns5:PlantMachinery2023-03-3110634157ns5:PlantMachinery2024-03-3110634157ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3110634157ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110634157ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3110634157ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3110634157ns10:OrdinaryShareClass12024-03-3110634157ns10:OrdinaryShareClass22024-03-3110634157ns10:OrdinaryShareClass32024-03-3110634157ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-31
REGISTERED NUMBER: 10634157 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PHIL MATTHEWS INVESTMENTS LIMITED

PHIL MATTHEWS INVESTMENTS LIMITED (REGISTERED NUMBER: 10634157)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


PHIL MATTHEWS INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Dr P L Matthews
J E Matthews
Mrs S J Rosser
L J P Matthews





REGISTERED OFFICE: Murton Lodge
Murton
Swansea
SA3 3AT





REGISTERED NUMBER: 10634157 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8RS

PHIL MATTHEWS INVESTMENTS LIMITED (REGISTERED NUMBER: 10634157)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,016,275 1,009,975
1,016,275 1,009,975

CURRENT ASSETS
Debtors 6 4,920 4,920
Cash at bank 604 1,511
5,524 6,431
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

(221,044

)

(229,216

)
NET CURRENT LIABILITIES (215,520 ) (222,785 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

800,755

787,190

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

(732,109

)

(733,258

)

PROVISIONS FOR LIABILITIES (3,236 ) (3,236 )
NET ASSETS 65,410 50,696

CAPITAL AND RESERVES
Called up share capital 9 150 150
Fair value reserve 10 36,764 36,764
Retained earnings 28,496 13,782
SHAREHOLDERS' FUNDS 65,410 50,696

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

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

PHIL MATTHEWS INVESTMENTS LIMITED (REGISTERED NUMBER: 10634157)

BALANCE SHEET - continued
31 MARCH 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 Income statement has not been delivered.

The financial statements were approved for issue by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





Dr P L Matthews - Director


PHIL MATTHEWS INVESTMENTS LIMITED (REGISTERED NUMBER: 10634157)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Phil Matthews Investments 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 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

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 Income Statement, 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 4 (2023 - 1 ) .

PHIL MATTHEWS INVESTMENTS LIMITED (REGISTERED NUMBER: 10634157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 2,885
DEPRECIATION
At 1 April 2023
and 31 March 2024 2,885
NET BOOK VALUE
At 31 March 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,009,975
Additions 6,300
At 31 March 2024 1,016,275
NET BOOK VALUE
At 31 March 2024 1,016,275
At 31 March 2023 1,009,975

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 1,016,275

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,920 4,920

PHIL MATTHEWS INVESTMENTS LIMITED (REGISTERED NUMBER: 10634157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,441 1,088
Corporation tax 3,452 2,414
Other creditors - 12,000
Mortgage - Tewkesbury 4,601 5,122
Mortgage - Hazeldene 9,349 8,279
Mortgage - Anson 5,044 3,182
Mortgage - Gelligaer 7,324 7,319
Mortgage - Driscoll 3,691 3,688
Mortgage - Hazeldene 1,092 182
Directors' current accounts 182,790 184,682
Accrued expenses 1,260 1,260
221,044 229,216

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Mortgage - Tewkesbury 151,246 150,724
Mortgage - Hazeldene 207,915 208,985
Mortgage - Anson 84,319 84,002
Mortgage - Gelligaer 176,103 176,108
Mortgage - Driscoll 90,883 90,886
Mortgage - Hazeldene 21,643 22,553
732,109 733,258

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage - Driscoll 90,883 90,886
Mortgage - Hazeldene 21,643 22,553
112,526 113,439

Repayable by instalments
Mortgage - Tewkesbury 151,246 150,724
Mortgage - Hazeldene 207,915 208,985
Mortgage - Anson 84,319 84,002
Mortgage - Gelligaer 176,103 176,108
619,583 619,819

PHIL MATTHEWS INVESTMENTS LIMITED (REGISTERED NUMBER: 10634157)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
150 Ordinary A £0.50 - -
150 Ordinary B £0.50 - -
300 Ordinary £0.50 150 150
150 150

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 36,764