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Unaudited Financial Statements

for the Period 11 January 2024 to 31 March 2025

for

Matthew James Properties Limited

Matthew James Properties Limited (Registered number: 15406655)

Contents of the Financial Statements
for the Period 11 January 2024 to 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Matthew James Properties Limited

Company Information
for the Period 11 January 2024 to 31 March 2025







DIRECTORS: Mrs S A Charlton
M J Charlton





REGISTERED OFFICE: 14 West Street
Reigate
Surrey
RH2 9BS





REGISTERED NUMBER: 15406655 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Matthew James Properties Limited (Registered number: 15406655)

Balance Sheet
31 March 2025

Notes £    £   
FIXED ASSETS
Tangible assets 4 16,087

CURRENT ASSETS
Stocks 213,142
Debtors 5 5,607
Cash at bank and in hand 10,462
229,211
CREDITORS
Amounts falling due within one year 6 194,546
NET CURRENT ASSETS 34,665
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,752

CAPITAL AND RESERVES
Called up share capital 7 100
Retained earnings 50,652
SHAREHOLDERS' FUNDS 50,752

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





M J Charlton - Director


Matthew James Properties Limited (Registered number: 15406655)

Notes to the Financial Statements
for the Period 11 January 2024 to 31 March 2025


1. STATUTORY INFORMATION

Matthew James 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.

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.
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was NIL.

Matthew James Properties Limited (Registered number: 15406655)

Notes to the Financial Statements - continued
for the Period 11 January 2024 to 31 March 2025


4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 18,833
At 31 March 2025 18,833
DEPRECIATION
Charge for period 2,746
At 31 March 2025 2,746
NET BOOK VALUE
At 31 March 2025 16,087

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 4,323
Prepayments and accrued income 1,284
5,607

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 11,755
Tax 24,278
Social security and other taxes 541
VAT 2,208
Other creditors 2,901
Directors' current accounts 151,563
Accrued expenses 1,300
194,546

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

8. ULTIMATE CONTROLLING PARTY

The company is under the control of the board of directors.