Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false2024-01-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07331974 2024-01-01 2024-12-31 07331974 2023-01-01 2023-12-31 07331974 2024-12-31 07331974 2023-12-31 07331974 c:Director1 2024-01-01 2024-12-31 07331974 c:Director2 2024-01-01 2024-12-31 07331974 c:RegisteredOffice 2024-01-01 2024-12-31 07331974 d:PlantMachinery 2024-01-01 2024-12-31 07331974 d:PlantMachinery 2024-12-31 07331974 d:PlantMachinery 2023-12-31 07331974 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 07331974 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 07331974 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07331974 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 07331974 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07331974 d:ShareCapital 2024-12-31 07331974 d:ShareCapital 2023-12-31 07331974 d:RetainedEarningsAccumulatedLosses 2024-12-31 07331974 d:RetainedEarningsAccumulatedLosses 2023-12-31 07331974 c:OrdinaryShareClass1 2024-01-01 2024-12-31 07331974 c:OrdinaryShareClass1 2024-12-31 07331974 c:OrdinaryShareClass1 2023-12-31 07331974 c:FRS102 2024-01-01 2024-12-31 07331974 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07331974 c:FullAccounts 2024-01-01 2024-12-31 07331974 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07331974 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 07331974










MATFEN ENERGY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
MATFEN ENERGY LIMITED
 

COMPANY INFORMATION


Directors
Sir H F Blackett 
Lady A Blackett 




Registered number
07331974



Registered office
Matfen Estates Office
Standing Stone

Matfen

Newcastle Upon Tyne

NE20 0RQ




Accountants
EQ Accountants Limited
Chartered Accountants

47-49 The Square

Kelso

Scottish Borders

TD5 7HW





 
MATFEN ENERGY LIMITED
REGISTERED NUMBER: 07331974

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
4,439
13,798

  
4,439
13,798

CURRENT ASSETS
  

Stocks
  
27,542
18,130

Debtors: amounts falling due within one year
  
533,337
9,786

Cash at bank and in hand
  
12,275
590,125

  
573,154
618,041

Creditors: amounts falling due within one year
  
(168,342)
(165,645)

NET CURRENT ASSETS
  
 
 
404,812
 
 
452,396

TOTAL ASSETS LESS CURRENT LIABILITIES
  
409,251
466,194

Creditors: amounts falling due after more than one year
  
(5,847)
(40,047)

  

NET ASSETS
  
403,404
426,147


CAPITAL AND RESERVES
  

Called up share capital 
 5 
2
2

Profit and loss account
  
403,402
426,145

  
403,404
426,147


Page 1

 
MATFEN ENERGY LIMITED
REGISTERED NUMBER: 07331974

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 July 2025.




Sir H F Blackett
Lady A Blackett
Director
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
MATFEN ENERGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

Matfen Energy Limited is a private company, limited by shares, incorporated in England with registration number 07331974. The registered office is Matfen Estates Office, Standing Stone Farm, Matfen, Newcastle Upon Tyne, United Kingdom, NE20 0RQ.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Plant and machinery
-
10% straight line and 20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.3

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 
MATFEN ENERGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


TANGIBLE FIXED ASSETS





Plant and machinery

£



COST OR VALUATION


At 1 January 2024
326,603



At 31 December 2024

326,603



DEPRECIATION


At 1 January 2024
312,805


Charge for the year on owned assets
9,359



At 31 December 2024

322,164



NET BOOK VALUE



At 31 December 2024
4,439



At 31 December 2023
13,798

Page 4

 
MATFEN ENERGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



2 (2023 - 2) ordinary shares of £1.00 each
2
2



Page 5