Matrix Project Management Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 2384587

Matrix Project Management Limited

Filleted Unaudited Financial Statements

31 December 2024

Matrix Project Management Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Investments	5		40,462	52,111

Current assets

Cash at bank and in hand	7,176		8,676

Creditors: amounts falling due within one year	6	60,872		74,021
		-------		-------
Net current liabilities			53,696	65,345
			-------	-------
Total assets less current liabilities			( 13,234)	( 13,234)
			-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 13,334)	( 13,334)
	-------	-------
Shareholders deficit	( 13,234)	( 13,234)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 29 August 2025 , and are signed on behalf of the board by:

C Hills
Director

Company registration number: 2384587

Matrix Project Management Limited

Notes to the Financial Statements

Year ended 31st December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5-11 Mortimer Street, London, W1T 3HS.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.

(c) Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported.

(d) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(e) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures & Fittings	-	3 - 6 Years

(f) Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

(g) Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1st January 2024 and 31st December 2024	2,395	2,395
	------	------
Depreciation
At 1st January 2024 and 31st December 2024	2,395	2,395
	------	------
Carrying amount
At 31st December 2024	–	–
	------	------
At 31st December 2023	–	–
	------	------

5. Investments

	Other investments
	£
Cost
At 1st January 2024	52,111
Disposals	( 11,649)
	-------
At 31st December 2024	40,462
	-------
Impairment
At 1st January 2024 and 31st December 2024	–
	-------

Carrying amount
At 31st December 2024	40,462
	-------
At 31st December 2023	52,111
	-------

Investments represent a 20 per cent interest in Union Jack Limited a Hong Kong company and comprises share capital of HK$2 and loan of HK$486,256 (2023: HK$626,256).

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Other creditors	60,872	74,021
	-------	-------