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REGISTERED NUMBER: 10607722 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 30 JUNE 2024

FOR

MATTWELL INVESTMENTS LTD

MATTWELL INVESTMENTS LTD (REGISTERED NUMBER: 10607722)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 January 2023 to 30 June 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


MATTWELL INVESTMENTS LTD

COMPANY INFORMATION
For The Period 1 January 2023 to 30 June 2024







DIRECTOR: M N Helliwell





REGISTERED OFFICE: 135 High Street
Godalming
Surrey
GU7 1AF





REGISTERED NUMBER: 10607722 (England and Wales)

MATTWELL INVESTMENTS LTD (REGISTERED NUMBER: 10607722)

ABRIDGED BALANCE SHEET
30 June 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 1,173,050 1,125,000
1,173,051 1,125,001

CURRENT ASSETS
Debtors 1,588 90
Cash at bank and in hand 8,395 40,350
9,983 40,440
CREDITORS
Amounts falling due within one year 368,098 550,732
NET CURRENT LIABILITIES (358,115 ) (510,292 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

814,936

614,709

CREDITORS
Amounts falling due after more than one year 760,182 545,430
NET ASSETS 54,754 69,279

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,654 69,179
SHAREHOLDERS' FUNDS 54,754 69,279

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 LTD (REGISTERED NUMBER: 10607722)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 January 2023 to 30 June 2024


1. STATUTORY INFORMATION

Mattwell Investments 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 year.

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 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 30 June 2024 1
NET BOOK VALUE
At 30 June 2024 1
At 31 December 2022 1

MATTWELL INVESTMENTS LTD (REGISTERED NUMBER: 10607722)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 January 2023 to 30 June 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,125,000
Additions 398,050
Disposals (350,000 )
At 30 June 2024 1,173,050
NET BOOK VALUE
At 30 June 2024 1,173,050
At 31 December 2022 1,125,000

As at the end of the current financial period, the fair value of the investment properties held is £1,173,050 (2022: £1,125,000).

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

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2022
£    £   
Bank loans 760,182 545,430

Floating charges over the undertaking and all property and assets present and future were created on 6 February 2020 by Cynergy Bank Limited to secure all monies due or becoming due. The charge also contains a negative pledge over the property. This charge was satisfied on 22 April 2024.

Fixed charges over 6 and 7 Vaughan Copse was created on 25 March 2022 by Lendinvest Btl Limited to secure all monies due or becoming due. The charge also contains a negative pledge over the property.

Fixed charges over 67 Rookwood Court was created on 24 April 2024 by Lendinvest Btl Limited to secure all monies due or becoming due. The charge also contains a negative pledge over the property.

7. 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 year, the company entered into transactions with its related party, Mattwell Developments Limited. At the end of the year, the balance of the amount owed to Mattwell Development was £367,515 (2022: £550,003).

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 year for bad or doubtful debts in respect of the amounts owed by or to related parties.