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REGISTERED NUMBER: 04413051















Unaudited Financial Statements for the Year Ended 23 September 2024

for

Matthew Corporation Limited

Matthew Corporation Limited (Registered number: 04413051)






Contents of the Financial Statements
for the year ended 23 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Matthew Corporation Limited

Company Information
for the year ended 23 September 2024







DIRECTORS: Forbes Directors Limited
Mrs D J Simpson





SECRETARY: Forbes Administration Services Limited





REGISTERED OFFICE: Unit 6, Cherrytree Farm
Blackmore End Road
Sible Hedingham
HALSTEAD
Essex
CO9 3LZ





REGISTERED NUMBER: 04413051





ACCOUNTANTS: Simpson Forbes Accountants
Unit 6,CherryTree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ

Matthew Corporation Limited (Registered number: 04413051)

Balance Sheet
23 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 15,994 15,994

CURRENT ASSETS
Debtors 5 124,290 110,294
Cash at bank 424 6,263
124,714 116,557
CREDITORS
Amounts falling due within one year 6 76,624 69,521
NET CURRENT ASSETS 48,090 47,036
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,084

63,030

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 64,082 63,028
SHAREHOLDERS' FUNDS 64,084 63,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





Forbes Directors Limited - Director


Matthew Corporation Limited (Registered number: 04413051)

Notes to the Financial Statements
for the year ended 23 September 2024

1. STATUTORY INFORMATION

Matthew Corporation Limited is a private company, limited by shares , registered in Not specified/Other. 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred 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 or deferred taxation assets and liabilities are not discounted.

Current tax is 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 24 September 2023
and 23 September 2024 15,994
NET BOOK VALUE
At 23 September 2024 15,994
At 23 September 2023 15,994

Investments represent 50% share capital in an Italian property development company, REI srl.

Matthew Corporation Limited (Registered number: 04413051)

Notes to the Financial Statements - continued
for the year ended 23 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 124,026 110,044
Other debtors 264 250
124,290 110,294

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,341 4,950
Taxation and social security 364 3,525
Other creditors 71,919 61,046
76,624 69,521

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £57,651 (2023: £52,592) to Martine LLC . Both companies are under common control.

In the period to 30th September 2024, Matthew Corporation Ltd charged selling agent fees of £3,168 to Martine LLC.

£124,026 (2023: £110,044) was owed by REI SRL, a property investment company, wholly owned by Matthew Corporation ltd.