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REGISTERED NUMBER: 13936179 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MATTE WHITE LIMITED

MATTE WHITE LIMITED (REGISTERED NUMBER: 13936179)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MATTE WHITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: P J Anglesea
P J Clark





REGISTERED OFFICE: 21A Elvet Bridge
Durham
DH1 3AA





REGISTERED NUMBER: 13936179 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

MATTE WHITE LIMITED (REGISTERED NUMBER: 13936179)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,091 782
Investment property 5 369,585 369,585
370,676 370,367

CURRENT ASSETS
Cash at bank 23,964 6,759

CREDITORS
Amounts falling due within one year 6 139,506 124,094
NET CURRENT LIABILITIES (115,542 ) (117,335 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,134

253,032

CREDITORS
Amounts falling due after more than one
year

7

(245,132

)

(255,916

)

PROVISIONS FOR LIABILITIES (273 ) -
NET ASSETS/(LIABILITIES) 9,729 (2,884 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 9,629 (2,984 )
SHAREHOLDERS' FUNDS 9,729 (2,884 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

MATTE WHITE LIMITED (REGISTERED NUMBER: 13936179)

BALANCE SHEET - continued
29 FEBRUARY 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 Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





P J Anglesea - Director


MATTE WHITE LIMITED (REGISTERED NUMBER: 13936179)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Matte White 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 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.
Fixtures and fittings - 20% on cost

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 NIL (2023 - NIL).

MATTE WHITE LIMITED (REGISTERED NUMBER: 13936179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 977
Additions 631
At 29 February 2024 1,608
DEPRECIATION
At 1 March 2023 195
Charge for year 322
At 29 February 2024 517
NET BOOK VALUE
At 29 February 2024 1,091
At 28 February 2023 782

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 369,585
NET BOOK VALUE
At 29 February 2024 369,585
At 28 February 2023 369,585

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2023 369,585

If investment properties had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 369,585 369,585

Investment property was valued on an open market basis on 29 February 2024 by the directors. .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,304 7,058
Taxation and social security 2,366 -
Other creditors 127,836 117,036
139,506 124,094

MATTE WHITE LIMITED (REGISTERED NUMBER: 13936179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 245,132 255,916

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 197,702 215,486

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 254,436 262,974

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £50 50 50
50 Ordinary B £50 50 50
100 100

10. RELATED PARTY DISCLOSURES

During the period the directors provided interest free loans to the company. As at 29 February 2024 the total balance outstanding was £861 (2023: £200).

During the year the company received an interest free loan from a company related by way of it's directors/shareholders also being directors/shareholders of this company. The balance due to this company as at 29 February 2024 was £113,872 (2023: £111,877).