Mataniciva Services Ltd Accounts






	Mataniciva Services Ltd

	Company No. 13487150
	Unaudited Accounts
	31 July 2024

at	31 July 2024
Company No.		13487150	2024	2023
			£	£



Fixed assets			938,560	938,560

Current assets			547,500	638,700

Creditors: Amounts falling due within one year			(19,010)	-
Net current assets			528,490	638,700
Total assets less current liabilities			1,467,050	1,577,260
Creditors: Amounts falling due after more than one year			(1,495,869)	(938,557)
Provisions for liabilities			-	(638,700)
Accruals and deferred income			(4,500)	(9,000)
			(33,319)	(8,997)


Capital and reserves			(33,319)	(8,997)

NOTES TO THE ACCOUNTS

Basis of preparation

These accounts have been prepared in accordance with the micro-entity provisions of the small companies regime.

2	Employees
		2024	2023
		Number	Number
	The average monthly number of employees (including directors) during the year was:	3	3

3	Contingencies, guarantees and commitments
		2024	2023
		£	£






	On 31 May 2023, Iron Island Ltd—under common ownership and management with Mataniciva Services Ltd—entered into a loan agreement with Nationwide Finance Ltd. The loan amount was £350,000, with interest totalling £288,700, bringing the total repayment obligation to £638,700 over a 60-month period. Mataniciva Services Ltd acted as guarantor for the loan. Nationwide Finance secured the full repayment amount of £638,700 against a commercial property owned by Mataniciva Services Ltd. In December 2023, following a court ruling and Iron Island Ltd’s default on the loan, the guarantee was called upon. As a result, the previously disclosed contingent liability was fully recognised as an actual liability of £638,700 in the balance sheet of Mataniciva Services Ltd. For the accounting period ended 31 July 2024, a loss of £91,200 related to the guarantee has been recognised. This has been recorded in the balance sheet as a Subrogation Right. However, since there are no recourse provisions enabling recovery from Iron Island Ltd—and Iron Island Ltd has not provided any collateral or assets for liquidation—the amount has been written off as a bad debt in the profit and loss account.

General information

Mataniciva Services Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is:

13487150

Its registered office is:

Iron Island

Western Way

Bury St. Edmunds

IP33 3SP

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

The members have not required the company to obtain an audit 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 accounts.

As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

The accounts were approved by the board of directors on 28 August 2025 and signed on its behalf by:

L.D. Jones - Director