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REGISTERED NUMBER: 09780405 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

MAT Developments (Winchester) Limited

MAT Developments (Winchester) Limited (Registered number: 09780405)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MAT Developments (Winchester) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: T W Burt





REGISTERED OFFICE: 1 Grove Place
Bedford
MK40 3JJ





REGISTERED NUMBER: 09780405 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

MAT Developments (Winchester) Limited (Registered number: 09780405)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 20,668 10,239
Investments 6 100 100
20,768 10,339

CURRENT ASSETS
Stocks 1,247,748 1,117,307
Debtors 7 162,639 261,371
Cash at bank 14,640 10,079
1,425,027 1,388,757
CREDITORS
Amounts falling due within one year 8 713,960 487,614
NET CURRENT ASSETS 711,067 901,143
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,835

911,482

CREDITORS
Amounts falling due after more than one
year

9

6,667

16,667
NET ASSETS 725,168 894,815

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 982,001 1,065,001
Capital redemption reserve 313,000 230,000
Other reserves (182,000 ) (182,000 )
Retained earnings (387,833 ) (218,186 )
725,168 894,815

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

MAT Developments (Winchester) Limited (Registered number: 09780405)

Statement of Financial Position - continued
30 September 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 director and authorised for issue on 26 November 2024 and were signed by:





T W Burt - Director


MAT Developments (Winchester) Limited (Registered number: 09780405)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

MAT Developments (Winchester) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about MAT Developments (Winchester) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MAT Developments (Winchester) Limited (Registered number: 09780405)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 12,067 24,500 1,066 37,633
Additions - 23,431 - 23,431
At 30 September 2024 12,067 47,931 1,066 61,064
DEPRECIATION
At 1 October 2023 12,067 14,972 355 27,394
Charge for year - 12,646 356 13,002
At 30 September 2024 12,067 27,618 711 40,396
NET BOOK VALUE
At 30 September 2024 - 20,313 355 20,668
At 30 September 2023 - 9,528 711 10,239

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 October 2023
and 30 September 2024 100
NET BOOK VALUE
At 30 September 2024 100
At 30 September 2023 100

The company's interest in its other participating interest is shown at cost.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Amounts owed by group undertakings 32,242 31,142
Other debtors 130,000 225,229
VAT 397 -
Prepayments - 5,000
162,639 261,371

MAT Developments (Winchester) Limited (Registered number: 09780405)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 454,168 406,243
Amounts owed to group undertakings 48,552 -
Tax - 82
VAT - 582
Other creditors 67,406 67,406
Directors' current accounts 130,624 312
Accrued expenses 3,210 2,989
713,960 487,614

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 6,667 10,000
Bank loans - 2-5 years - 6,667
6,667 16,667