IRIS Accounts Production v24.3.0.553 03601751 Board of Directors 1.7.23 30.6.24 30.6.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh036017512023-06-30036017512024-06-30036017512023-07-012024-06-30036017512022-06-30036017512022-07-012023-06-30036017512023-06-3003601751ns15:EnglandWales2023-07-012024-06-3003601751ns14:PoundSterling2023-07-012024-06-3003601751ns10:Director12023-07-012024-06-3003601751ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003601751ns10:SmallEntities2023-07-012024-06-3003601751ns10:AuditExemptWithAccountantsReport2023-07-012024-06-3003601751ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3003601751ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003601751ns10:FullAccounts2023-07-012024-06-3003601751ns10:Director22023-07-012024-06-3003601751ns10:RegisteredOffice2023-07-012024-06-3003601751ns5:CurrentFinancialInstruments2024-06-3003601751ns5:CurrentFinancialInstruments2023-06-3003601751ns5:ShareCapital2024-06-3003601751ns5:ShareCapital2023-06-3003601751ns5:RetainedEarningsAccumulatedLosses2024-06-3003601751ns5:RetainedEarningsAccumulatedLosses2023-06-3003601751ns5:PlantMachinery2023-06-3003601751ns5:MotorVehicles2023-06-3003601751ns5:ComputerEquipment2023-06-3003601751ns5:PlantMachinery2023-07-012024-06-3003601751ns5:MotorVehicles2023-07-012024-06-3003601751ns5:ComputerEquipment2023-07-012024-06-3003601751ns5:PlantMachinery2024-06-3003601751ns5:MotorVehicles2024-06-3003601751ns5:ComputerEquipment2024-06-3003601751ns5:PlantMachinery2023-06-3003601751ns5:MotorVehicles2023-06-3003601751ns5:ComputerEquipment2023-06-3003601751ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3003601751ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30
REGISTERED NUMBER: 03601751 (England and Wales)















MATRIX PROPERTY MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






MATRIX PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03601751)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


MATRIX PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: R J H Randall
P L Bax





REGISTERED OFFICE: Southdown Farm
Upland Lane
Liss
Hampshire
GU33 6NH





REGISTERED NUMBER: 03601751 (England and Wales)





ACCOUNTANTS: Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MATRIX PROPERTY MANAGEMENT LIMITED


The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Matrix Property Management Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Matrix Property Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Matrix Property Management Limited and state those matters that we have agreed to state to the Board of Directors of Matrix Property Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Matrix Property Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Matrix Property Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Matrix Property Management Limited. You consider that Matrix Property Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Matrix Property Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


13 November 2024

MATRIX PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03601751)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,877 95,651

CURRENT ASSETS
Debtors 5 36,946 39,803
Cash at bank 194,187 343,362
231,133 383,165
CREDITORS
Amounts falling due within one year 6 19,507 172,414
NET CURRENT ASSETS 211,626 210,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,503

306,402

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 267,403 306,302
267,503 306,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:





R J H Randall - Director


MATRIX PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03601751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Matrix Property Management Limited is a private company, limited by shares, registered in England and Wales, registration number 03601751. The registered office is Southdown Farm, Upland Lane, Liss, Hampshire, GU33 6NH, United Kingdom.

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.

The financial statements have been prepared under the historical cost method.

Presentation currency
The accounts are presented in £ sterling.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions. However, the nature of estimation means that actual outcomes could differ from those estimates.

The following estimates have had the most significant effect on the amounts recognised in the financial statements:

1) Useful life of tangible fixed assets
A reliable estimate is made of the useful life of tangible fixed assets on acquisition. This estimate is based on a variety of factors such as expected use of the asset.

Turnover
Turnover represents management charges provided during the period (excluding value added tax) adjusted for accrued and deferred income where applicable. Turnover is recognised when the service is provided.

Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Plant & machinery20% on reducing balance
Motor Vehicles25% on cost
Computer equipment20% on cost

All tangible fixed assets are initially recorded at cost.

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently
measured at amortised cost.


MATRIX PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 03601751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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 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 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).

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 65,825 130,584 8,324 204,733
DEPRECIATION
At 1 July 2023 30,147 70,611 8,324 109,082
Charge for year 7,136 32,638 - 39,774
At 30 June 2024 37,283 103,249 8,324 148,856
NET BOOK VALUE
At 30 June 2024 28,542 27,335 - 55,877
At 30 June 2023 35,678 59,973 - 95,651

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 1,033 -
Prepayments and accrued income 35,913 39,803
36,946 39,803

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT - 2,551
Other creditors 19,507 169,863
19,507 172,414