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Registered number: 13006640
Matexis Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Accounting Freedom
Westhill House
2b Devonshire Road
Bexleyheath
DA6 8DS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13006640
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Investments 4 265,966 279,416
Cash at bank and in hand 850 6,519
266,816 285,935
Creditors: Amounts Falling Due Within One Year 5 (221,716 ) (221,692 )
NET CURRENT ASSETS (LIABILITIES) 45,100 64,243
TOTAL ASSETS LESS CURRENT LIABILITIES 45,100 64,243
NET ASSETS 45,100 64,243
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 45,099 64,242
SHAREHOLDERS' FUNDS 45,100 64,243
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Frédéric Seguy
Director
10/03/2025
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
Matexis Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13006640 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.3. 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.
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 year, 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 year was: 1 (2023: 1)
1 1
4. Current Asset Investments
2024 2023
£ £
Listed investments 265,966 279,416
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 141
Net wages 3,600 -
Other creditors 2,368 -
Accruals and deferred income 480 480
Director's loan account 215,268 221,071
221,716 221,692
Page 2
Page 3
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3