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REGISTERED NUMBER: 13706386 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2024 TO 30 JUNE 2024

FOR

MATTWELL INVESTMENTS RESIDENTIAL LTD

MATTWELL INVESTMENTS RESIDENTIAL LTD (REGISTERED NUMBER: 13706386)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 January 2024 to 30 June 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


MATTWELL INVESTMENTS RESIDENTIAL LTD

COMPANY INFORMATION
For The Period 1 January 2024 to 30 June 2024







DIRECTOR: M N Helliwell





REGISTERED OFFICE: 135 High Street
Godalming
Surrey
GU7 1AF





REGISTERED NUMBER: 13706386 (England and Wales)

MATTWELL INVESTMENTS RESIDENTIAL LTD (REGISTERED NUMBER: 13706386)

ABRIDGED BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,745,000 1,745,000

CURRENT ASSETS
Debtors 14,863 16,812
Cash at bank and in hand 11,631 22,869
26,494 39,681
CREDITORS
Amounts falling due within one year 600,605 624,284
NET CURRENT LIABILITIES (574,111 ) (584,603 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,170,889

1,160,397

CREDITORS
Amounts falling due after more than one year 1,141,865 1,141,958
NET ASSETS 29,024 18,439

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 29,023 18,438
29,024 18,439

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 March 2025 and were signed by:





M N Helliwell - Director


MATTWELL INVESTMENTS RESIDENTIAL LTD (REGISTERED NUMBER: 13706386)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 January 2024 to 30 June 2024


1. STATUTORY INFORMATION

Mattwell Investments Residential Ltd 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
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''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.

Turnover
Turnover represents the amounts receivable from the rental of properties during the period.

Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.

Investment property
Investment properties are measured at fair value at each reporting date, with gains or losses recognised in the profit or loss account. Properties are revalued annually using an open market valuation basis. Material deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation
Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 30 June 2024 1,745,000
NET BOOK VALUE
At 30 June 2024 1,745,000
At 31 December 2023 1,745,000

MATTWELL INVESTMENTS RESIDENTIAL LTD (REGISTERED NUMBER: 13706386)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 January 2024 to 30 June 2024


4. INVESTMENT PROPERTY - continued

As at the end of the current financial period, the fair value of the investment properties held is £1,745,000 (2023: £1,745,000). There has been no change in the value of the investment properties during the period.

The valuation was carried out internally by the director of the company at the end of the financial period. The director has considered the nature, location and condition of the property, as well as comparable market transactions, in determining the fair value.

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,141,865 1,141,958

Fixed and floating charges over 135a, 135b, 135c, and 135d High Street were created on 18 November 2022 by Aldermore Bank PLC to secure all monies due or becoming due. The charges also contain negative pledges over the property.

6. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the period, the company entered into transactions with its related party, Mattwell Developments Limited. At the end of the period, the balance of the amount owed to Mattwell Developments Limited was £600,605 (2023: £624,284).

These amounts are unsecured, interest-free and repayable on demand.

No guarantees have been given or received. No expenses have been recognised during the current or previous financial period for bad or doubtful debts in respect of the amounts owed by or to related parties.