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REGISTERED NUMBER: 11464829 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

WHAT MATTERS NOW LIMITED

WHAT MATTERS NOW LIMITED (REGISTERED NUMBER: 11464829)

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










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


WHAT MATTERS NOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: K Karampatsos





REGISTERED OFFICE: 2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN





REGISTERED NUMBER: 11464829 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WHAT MATTERS NOW LIMITED


The following reproduces the text of the report prepared for the director 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 Director 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 What Matters Now Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of What Matters Now Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of What Matters Now Limited and state those matters that we have agreed to state to the director of What Matters Now Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that What Matters Now 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 What Matters Now Limited. You consider that What Matters Now 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 What Matters Now 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.






Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN


14 February 2025

WHAT MATTERS NOW LIMITED (REGISTERED NUMBER: 11464829)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 205,309 194,704
Tangible assets 5 5,476 5,744
210,785 200,448

CURRENT ASSETS
Debtors 6 98,407 79,541
Cash at bank 702,277 434,154
800,684 513,695
CREDITORS
Amounts falling due within one year 7 49,122 61,247
NET CURRENT ASSETS 751,562 452,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

962,347

652,896

CAPITAL AND RESERVES
Called up share capital 8 234 176
Share premium 3,532,790 2,542,610
Retained earnings (2,570,677 ) (1,889,890 )
SHAREHOLDERS' FUNDS 962,347 652,896

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 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.

WHAT MATTERS NOW LIMITED (REGISTERED NUMBER: 11464829)

BALANCE SHEET - continued
30 JUNE 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 by the director and authorised for issue on 14 February 2025 and were signed by:





K Karampatsos - Director


WHAT MATTERS NOW LIMITED (REGISTERED NUMBER: 11464829)

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


1. STATUTORY INFORMATION

What Matters Now 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.

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

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

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 - 33% on cost

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

WHAT MATTERS NOW LIMITED (REGISTERED NUMBER: 11464829)

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


2. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£
COST
At 1 July 2023 369,082
Additions 133,348
At 30 June 2024 502,430
AMORTISATION
At 1 July 2023 174,378
Amortisation for year 122,743
At 30 June 2024 297,121
NET BOOK VALUE
At 30 June 2024 205,309
At 30 June 2023 194,704

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 July 2023 9,077
Additions 2,999
At 30 June 2024 12,076
DEPRECIATION
At 1 July 2023 3,333
Charge for year 3,267
At 30 June 2024 6,600
NET BOOK VALUE
At 30 June 2024 5,476
At 30 June 2023 5,744

WHAT MATTERS NOW LIMITED (REGISTERED NUMBER: 11464829)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 67,393 56,409
Other debtors 30,501 22,441
Prepayments 513 691
98,407 79,541

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 18,091 12,894
Social security and other taxes 15,578 30,513
VAT 3,287 3,070
Other creditors 1,395 3,559
Wages Payroll - 237
Directors' current accounts 9,619 10,014
Accruals and deferred income 1,152 960
49,122 61,247

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
14,313,000 Ordinary A 0.00001 143 142
1,213,100 Ordinary B 0.00001 12 6
2,775,400 Seed Shares 0.00001 28 28
183 176

The following fully paid shares were allotted during the year at a premium as shown below:

104,900 Ordinary A shares of 0.00001 each at 0.5719p per share
608,100 Ordinary B shares of 0.00001 each at 0.0010p per share

9. PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £7,960 (2023 - £8,297). Contributions totalling £1,395 (2023 - £1,639) were payable to the fund at the 30 June 2024 and are included within creditors.