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REGISTERED NUMBER: NI056933 (Northern Ireland)















MATRYAN PROPERTIES LTD

Unaudited Financial Statements for the Year Ended 31 October 2024






MATRYAN PROPERTIES LTD (REGISTERED NUMBER: NI056933)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


MATRYAN PROPERTIES LTD

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Alexander Gerard Beatty
Karen Anne Beatty





REGISTERED OFFICE: 11 Trillick Road
Ballinamallard
Enniskillen
Co. Fermanagh
BT94 2JJ





REGISTERED NUMBER: NI056933 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Matryan Properties Ltd

The following reproduces the text of the report prepared for the directors in respect of the Company's annual unaudited financial statements. In accordance with the Companies Act 2006, the Company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.


In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the Company for the year ended 31 October 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Statement of Financial Position as at 31 October 2024 your duty to ensure that the Company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the Company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.






CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP


3 April 2025

MATRYAN PROPERTIES LTD (REGISTERED NUMBER: NI056933)

Statement of Financial Position
31 OCTOBER 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 348,000 704,000
Property, plant and equipment 6 2,339,003 2,409,953
Investments 7 100 100
2,687,103 3,114,053

CURRENT ASSETS
Receivables 8 270,000 270,000
Cash at bank 237,384 103,042
507,384 373,042
PAYABLES
Amounts falling due within one year 9 (120,155 ) (136,097 )
NET CURRENT ASSETS 387,229 236,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,074,332

3,350,998

PAYABLES
Amounts falling due after more than
one year

10

(1,576,539

)

(1,729,494

)

PROVISIONS FOR LIABILITIES 12 (85,079 ) (97,233 )
NET ASSETS 1,412,714 1,524,271

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 262,090 262,090
Retained earnings 1,150,524 1,262,081
1,412,714 1,524,271

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 October 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.

MATRYAN PROPERTIES LTD (REGISTERED NUMBER: NI056933)

Statement of Financial Position - continued
31 OCTOBER 2024


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 3 April 2025 and were signed on its behalf by:





Alexander Gerard Beatty - Director


MATRYAN PROPERTIES LTD (REGISTERED NUMBER: NI056933)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Matryan Properties Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Revenue
Revenue is recognised over the period to which the licence fee relates.

Goodwill
Purchased goodwill is capitalised in the statement of financial position and amortised over its estimated useful life of 10 years.

Liquor licence
Liquor licence is valued at cost. After initial recognition, the liquor licence is measured at cost less any accumulated impairment loss.

Property, plant and equipment
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment less their estimated residual value, over their expected useful lives as follows:


Freehold property-1% straight line
Fixtures and fittings-12.5% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

MATRYAN PROPERTIES LTD (REGISTERED NUMBER: NI056933)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The company have chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances and amounts owed by related parties are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and overdrafts and amounts owed to related parties 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 receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the period of the facility to which it relates.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

(iii) Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


MATRYAN PROPERTIES LTD (REGISTERED NUMBER: NI056933)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. ACCOUNTING POLICIES - continued
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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Investments
Investments held as fixed assets are stated at cost less provision for any diminution in value.

Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.

Share capital of the company
Ordinary share capital

The ordinary share capital of the company is presented as equity.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Liquor
Goodwill Licence Totals
£ £ £
COST
At 1 November 2023 1,175,000 400,000 1,575,000
Impairments - (300,000 ) (300,000 )
At 31 October 2024 1,175,000 100,000 1,275,000
AMORTISATION
At 1 November 2023 871,000 - 871,000
Amortisation for year 56,000 - 56,000
At 31 October 2024 927,000 - 927,000
NET BOOK VALUE
At 31 October 2024 248,000 100,000 348,000
At 31 October 2023 304,000 400,000 704,000

MATRYAN PROPERTIES LTD (REGISTERED NUMBER: NI056933)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and
property fittings Totals
£ £ £
COST
At 1 November 2023
and 31 October 2024 2,230,707 571,024 2,801,731
DEPRECIATION
At 1 November 2023 209,683 182,095 391,778
Charge for year 22,334 48,616 70,950
At 31 October 2024 232,017 230,711 462,728
NET BOOK VALUE
At 31 October 2024 1,998,690 340,313 2,339,003
At 31 October 2023 2,021,024 388,929 2,409,953

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 November 2023
and 31 October 2024 100
NET BOOK VALUE
At 31 October 2024 100
At 31 October 2023 100

8. RECEIVABLES
2024 2023
£ £
Amounts owed by group undertakings 270,000 270,000

9. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 11)
104,412

104,832
Taxation and social security 10,744 26,051
Other payables 4,999 5,214
120,155 136,097

10. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans (see note 11) 127,370 161,754
Other creditors 1,449,169 1,567,740
1,576,539 1,729,494

MATRYAN PROPERTIES LTD (REGISTERED NUMBER: NI056933)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

11. LOANS

The bank loans noted above are secured by way of:

All monies legal charge over the property at :

- 32-34 Main Street, Fivemiletown;

- All monies floating charge over all the property of the company both present and future and book debts of the company.

12. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 85,079 97,233

Deferred tax
£
Balance at 1 November 2023 97,233
Provided during year (12,154 )
Balance at 31 October 2024 85,079

13. CAPITAL COMMITMENTS

The company had no material capital commitments at the year ended 31 October 2024.

14. RELATED PARTY TRANSACTIONS

The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group companies.