Acorah Software Products - Accounts Production 16.0.110 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10724733 Mrs H Morzeria Mrs K Madlani Mrs S S Lakhani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10724733 2023-04-30 10724733 2024-04-30 10724733 2023-05-01 2024-04-30 10724733 frs-core:CurrentFinancialInstruments 2024-04-30 10724733 frs-core:ShareCapital 2024-04-30 10724733 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10724733 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10724733 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10724733 frs-bus:SmallEntities 2023-05-01 2024-04-30 10724733 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10724733 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10724733 frs-bus:Director1 2023-05-01 2024-04-30 10724733 frs-bus:Director2 2023-05-01 2024-04-30 10724733 frs-bus:Director3 2023-05-01 2024-04-30 10724733 frs-core:Non-currentFinancialInstruments 1 2024-04-30 10724733 frs-countries:EnglandWales 2023-05-01 2024-04-30 10724733 2022-04-30 10724733 2023-04-30 10724733 2022-05-01 2023-04-30 10724733 frs-core:CurrentFinancialInstruments 2023-04-30 10724733 frs-core:ShareCapital 2023-04-30 10724733 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 10724733 frs-core:Non-currentFinancialInstruments 1 2023-04-30
Registered number: 10724733
Matel Investments Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Strategic Partnership
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 10724733
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,294,573 3
Cash at bank and in hand 49,077 -
1,343,650 3
Creditors: Amounts Falling Due Within One Year 5 (1,229,296 ) -
NET CURRENT ASSETS (LIABILITIES) 114,354 3
TOTAL ASSETS LESS CURRENT LIABILITIES 114,354 3
NET ASSETS 114,354 3
CAPITAL AND RESERVES
Called up share capital 6 3 3
Income Statement 114,351 -
SHAREHOLDERS' FUNDS 114,354 3
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs S S Lakhani
Director
27 January 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Matel Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10724733 . The registered office is 12 Ryhill Way, Lower Earley, Reading, RG6 4AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The directors have considered the prospect of the business for the next twelve months and beyond and have arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The directors have also pledged their financial support to assist with this if required. On this basis, the directors will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Financial Instruments
The Company only enters into basic basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting year for objective evidence of impairment. If objective evidence of impairment is found, an important loss is recognised in the Statement of Comprehensive Income. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and there liabilities offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an an intention to settle on a net basis to realise the asset and settle the liability simultaneously.
2.5. 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 statement of financial position date.
2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.7. Critical Accounting Judgements and Key Sources of Estimation Uncertainity
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers.These provisions are estimated based upon the expected values of the invoices which are issued and services received following the year end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 2
Page 3
4. Debtors
2024 2023
£ £
Due within one year
Directors' loan accounts - 3
Due after more than one year
Loans to other parties 1,294,573 -
1,294,573 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 36,127 -
Accruals and deferred income 1,500 -
Directors' loan accounts 1,191,669 -
1,229,296 -
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
The nominal value per share is £1 and there are 3 Ordinary Shares in issue.
7. Related Party Transactions
The Director's loan account balance of Mrs H Morzeriai of £390,549 as at the year end, is a current liability, interest free and repayable on demand.
The Director's loan account balance of Mrs K Madlani of £390,549 as at the year end, is a current liability, interest free and repayable on demand.
The Director's loan account balance of Mrs S S Lakhani of £410,571 as at the year end, is a current liability, interest free and repayable on demand.
Page 3