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Company No: 09219442 (England and Wales)

MATHESON CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

MATHESON CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024

Contents

MATHESON CONSULTING LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 2024
MATHESON CONSULTING LIMITED

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 1,000 1,000
1,000 1,000
Current assets
Debtors 4 2 2
2 2
Net current assets 2 2
Total assets less current liabilities 1,002 1,002
Net assets 1,002 1,002
Capital and reserves
Called-up share capital 5 1,002 1,002
Total shareholder's funds 1,002 1,002

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Matheson Consulting Limited (registered number: 09219442) were approved and authorised for issue by the Board of Directors on 11 June 2025. They were signed on its behalf by:

S C Milne
Director
MATHESON CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
MATHESON CONSULTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Matheson Consulting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is First Floor Templeback, 10 Temple Back, Bristol, BS1 6FL, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, excluding directors 0 0

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 October 2023 1,000
At 30 September 2024 1,000
Carrying value at 30 September 2024 1,000
Carrying value at 30 September 2023 1,000

4. Debtors

2024 2023
£ £
Other debtors 2 2

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,002 Ordinary shares of £ 1.00 each 1,002 1,002

6. Contingencies

Contingent liabilities

2024 2023
£ £
Total contingent liabilities 2,000,000 2,000,000

The Company has granted a floating charge over the whole of its property and assets in respects of the term loan held by a subsidiary. The maximum potential exposure across the group is £2,000,000.

On 11 December 2024, this floating charge was satisfied.

7. Events after the Balance Sheet date

On 6 December 2024, the Company granted a fixed charge over its investment in a subsidiary company in respect of a loan made to Thorntons Investment Holdings Limited, the ultimate parent undertaking.