Acorah Software Products - Accounts Production 16.1.300 false true true false 10 March 2023 31 March 2024 31 March 2024 14721685 Mr Navjot Kang Mrs Juliana Kang iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14721685 2023-03-09 14721685 2024-03-31 14721685 2023-03-10 2024-03-31 14721685 frs-core:Non-currentFinancialInstruments 2024-03-31 14721685 frs-core:FurnitureFittings 2024-03-31 14721685 frs-core:FurnitureFittings 2023-03-10 2024-03-31 14721685 frs-core:FurnitureFittings 2023-03-09 14721685 frs-core:ShareCapital 2023-03-09 14721685 frs-core:ShareCapital 2024-03-31 14721685 frs-core:RetainedEarningsAccumulatedLosses 2023-03-10 2024-03-31 14721685 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-03-09 14721685 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14721685 frs-bus:PrivateLimitedCompanyLtd 2023-03-10 2024-03-31 14721685 frs-bus:FilletedAccounts 2023-03-10 2024-03-31 14721685 frs-bus:SmallEntities 2023-03-10 2024-03-31 14721685 frs-bus:AuditExempt-NoAccountantsReport 2023-03-10 2024-03-31 14721685 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-10 2024-03-31 14721685 frs-bus:Director1 2023-03-10 2024-03-31 14721685 frs-bus:Director2 2023-03-10 2024-03-31 14721685 frs-countries:EnglandWales 2023-03-10 2024-03-31
Registered number: 14721685
Matvale Investments Ltd
Unaudited Financial Statements
For the Period 10 March 2023 to 31 March 2024
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 14721685
31 March 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 747
Investment Properties 5 680,956
681,703
CURRENT ASSETS
Cash at bank and in hand 4,298
4,298
Creditors: Amounts Falling Due Within One Year 6 (474,798 )
NET CURRENT ASSETS (LIABILITIES) (470,500 )
TOTAL ASSETS LESS CURRENT LIABILITIES 211,203
Creditors: Amounts Falling Due After More Than One Year 7 (244,793 )
NET LIABILITIES (33,590 )
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account (33,690 )
SHAREHOLDERS' FUNDS (33,590)
Page 1
Page 2
For the period ending 31 March 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 Profit and Loss Account.
On behalf of the board
Mr Navjot Kang
Director
24 February 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 10 March 2023 100 - 100
Loss for the period and total comprehensive income - (33,690 ) (33,690)
As at 31 March 2024 100 (33,690 ) (33,590)
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Page 4
Notes to the Financial Statements
1. General Information
Matvale Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14721685 . The registered office is Unit 3 Ingworth Road, Poole, Dorset, BH12 1JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and 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 are presented in pound sterling which is the functional currency of the company.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. 
The directors have confirmed the company is a going concern and have agreed to support the company for a further 12 months following approval of accounts.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is represented by revenue earned from the rental of investment property. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing Basis
2.5. Investment Properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are
initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be
measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses
arising from changes in fair value of investment properties are included in profit and loss in the period in which they
arise.
2.6. Financial Instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 10 March 2023 -
Additions 874
As at 31 March 2024 874
Depreciation
As at 10 March 2023 -
Provided during the period 127
As at 31 March 2024 127
Net Book Value
As at 31 March 2024 747
As at 10 March 2023 -
5. Investment Property
31 March 2024
£
Fair Value
As at 10 March 2023 -
Additions 680,956
As at 31 March 2024 680,956
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
31 March 2024
£
Cost 680,956
The investment property has been revalued on an open market basis by the director on 31 March 2024 at £680,956
Page 5
Page 6
6. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Other creditors 474,798
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024
£
Bank loans 244,793
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured against the investment
property:
31 March 2024
£
Bank loans and overdrafts 244,793
9. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 100
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