Company registration number 09588883 (England and Wales)
MATCH PROPERTY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
MATCH PROPERTY LTD
COMPANY INFORMATION
Directors
Mrs C A Marsh
Mr S R Marsh
Company number
09588883
Registered office
Brindley House
9A Lyttelton Road
Droitwich
Worcestershire
WR9 7AA
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
4 The Cross
Worcester
Worcestershire
WR1 3PY
MATCH PROPERTY LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
MATCH PROPERTY LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MATCH PROPERTY LTD FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Match Property Ltd for the year ended 31 December 2024 which comprise, the balance sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Match Property Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Match Property Ltd and state those matters that we have agreed to state to the board of directors of Match Property Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Match Property Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Match Property Ltd 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 profit of Match Property Ltd. You consider that Match Property Ltd 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 Match Property Ltd. 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.

Ormerod Rutter Limited
28 April 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
MATCH PROPERTY LTD
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,125
8,187
Investment property
4
1,333,218
506,257
Investments
5
100
100
1,340,443
514,544
Current assets
Debtors
6
20,809
20,644
Investments
7
3,328,837
2,740,532
Cash at bank and in hand
527,027
936,968
3,876,673
3,698,144
Creditors: amounts falling due within one year
8
(2,759,514)
(2,369,306)
Net current assets
1,117,159
1,328,838
Total assets less current liabilities
2,457,602
1,843,382
Provisions for liabilities
9
(1,781)
(1,556)
Net assets
2,455,821
1,841,826
Capital and reserves
Called up share capital
10
200
200
Profit and loss reserves
2,455,621
1,841,626
Total equity
2,455,821
1,841,826

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

MATCH PROPERTY LTD
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 28 April 2025 and are signed on its behalf by:
Mr S R Marsh
Director
Company registration number 09588883 (England and Wales)
MATCH PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
1
Accounting policies
Company information

Match Property Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Brindley House, 9A Lyttelton Road, Droitwich, Worcestershire, WR9 7AA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rents provided in the normal course of business.

Revenue from the provision of property rental is recognised by reference to the period of its occupancy and where the amount of rent can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% on reducing balance
1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

MATCH PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
MATCH PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 January 2024
10,475
Additions
719
At 31 December 2024
11,194
Depreciation and impairment
At 1 January 2024
2,288
Depreciation charged in the year
1,781
At 31 December 2024
4,069
Carrying amount
At 31 December 2024
7,125
At 31 December 2023
8,187
4
Investment property
2024
£
Fair value
At 1 January 2024
506,257
Additions
826,961
At 31 December 2024
1,333,218

It is in the director's opinion that the market value of investment property is not considered to be significantly different from the carrying value held at historical cost.

5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
100
100
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
595
595
Other debtors
20,214
20,049
20,809
20,644
MATCH PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
7
Current asset investments
2024
2023
£
£
Other investments
3,328,837
2,740,532
8
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
42,440
-
0
Amounts owed to group undertakings
2,556,592
2,225,936
Taxation and social security
37,583
19,013
Other creditors
122,899
124,357
2,759,514
2,369,306
9
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
1,781
1,556
10
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
200
200
200
200
11
Related party transactions

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.

MATCH PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
12
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Loan accounts
-
18,244
350,100
(350,000)
18,344
18,244
350,100
(350,000)
18,344

The directors' loan accounts were repaid within nine months of the year end.

13
Ultimate controlling party

The ultimate controlling party is Mr S R Marsh and Mrs C A Marsh.

2024-12-312024-01-01falsefalsefalse28 April 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMrs C A MarshMr S R Marsh095888832024-01-012024-12-3109588883bus:Director12024-01-012024-12-3109588883bus:Director22024-01-012024-12-3109588883bus:RegisteredOffice2024-01-012024-12-3109588883bus:Agent12024-01-012024-12-31095888832024-12-31095888832023-12-3109588883core:FurnitureFittings2024-12-3109588883core:FurnitureFittings2023-12-3109588883core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3109588883core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3109588883core:CurrentFinancialInstruments2024-12-3109588883core:CurrentFinancialInstruments2023-12-3109588883core:ShareCapital2024-12-3109588883core:ShareCapital2023-12-3109588883core:RetainedEarningsAccumulatedLosses2024-12-3109588883core:RetainedEarningsAccumulatedLosses2023-12-3109588883core:FurnitureFittings2024-01-012024-12-31095888832023-01-012023-12-3109588883core:FurnitureFittings2023-12-31095888832023-12-3109588883core:WithinOneYear2024-12-3109588883core:WithinOneYear2023-12-3109588883bus:PrivateLimitedCompanyLtd2024-01-012024-12-3109588883bus:FRS1022024-01-012024-12-3109588883bus:AuditExemptWithAccountantsReport2024-01-012024-12-3109588883bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109588883bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP