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REGISTERED NUMBER: 11869411 (England and Wales)







Abridged Financial Statements for the Year Ended 31st March 2025

for

Matthews Commercial Properties Limited

Matthews Commercial Properties Limited (Registered number: 11869411)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Matthews Commercial Properties Limited

Company Information
for the Year Ended 31st March 2025







DIRECTORS: C A C Matthews
R W J Matthews





REGISTERED OFFICE: Mount Flirt
Ankerdine Road
Broadwas-on-Teme
Worcester
Worcestershire
WR6 5NS





REGISTERED NUMBER: 11869411 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Matthews Commercial Properties Limited (Registered number: 11869411)

Abridged Balance Sheet
31st March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,858 48,068
Investment property 5 970,000 1,000,000
1,010,858 1,048,068

CURRENT ASSETS
Debtors 10,138 20,357
Cash at bank 27,017 15,984
37,155 36,341
CREDITORS
Amounts falling due within one year 327,009 319,068
NET CURRENT LIABILITIES (289,854 ) (282,727 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

721,004

765,341

CREDITORS
Amounts falling due after more than one
year

6

(517,774

)

(535,954

)

PROVISIONS FOR LIABILITIES 8 (44,300 ) (53,600 )
NET ASSETS 158,930 175,787

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 9 102,212 124,712
Retained earnings 56,716 51,073
SHAREHOLDERS' FUNDS 158,930 175,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

Matthews Commercial Properties Limited (Registered number: 11869411)

Abridged Balance Sheet - continued
31st March 2025


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 year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 21st July 2025 and were signed on its behalf by:





C A C Matthews - Director


Matthews Commercial Properties Limited (Registered number: 11869411)

Notes to the Financial Statements
for the Year Ended 31st March 2025

1. STATUTORY INFORMATION

Matthews Commercial Properties Limited 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
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 as modified by the revaluation of certain assets.

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

Matthews Commercial Properties Limited (Registered number: 11869411)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2024
and 31st March 2025 56,550
DEPRECIATION
At 1st April 2024 8,482
Charge for year 7,210
At 31st March 2025 15,692
NET BOOK VALUE
At 31st March 2025 40,858
At 31st March 2024 48,068

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2024 1,000,000
Revaluations (30,000 )
At 31st March 2025 970,000
NET BOOK VALUE
At 31st March 2025 970,000
At 31st March 2024 1,000,000

Fair value at 31st March 2025 is represented by:
£   
Valuation in 2022 34,846
Valuation in 2023 131,466
Valuation in 2025 (30,000 )
Cost 833,688
970,000

If Investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 833,688 833,688

Investment property was valued on an open market basis on 31st March 2025 by professional valuers .

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2025 2024
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 377,297 387,398
Hire purchase 1,346 9,425
378,643 396,823

Matthews Commercial Properties Limited (Registered number: 11869411)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

7. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 510,816 520,917
Hire purchase contracts 41,741 49,820
552,557 570,737

The loans are secured against the assets of the company.

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 44,300 53,600

Deferred
tax
£   
Balance at 1st April 2024 53,600
Provided during year (9,300 )
Balance at 31st March 2025 44,300

9. RESERVES
Non-distributable
reserve
£   
At 1st April 2024 124,712
Investment property (22,500 )

At 31st March 2025 102,212

10. RELATED PARTY DISCLOSURES

Included within the accounts is a loan from Grovewalk Properties Ltd, a company registered in the United Kingdom. No interest is charged on this loan.