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Company registration number:
08977631
Matthew Collins Property Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2024
Mark Kennedy & Co Ltd
133 Ingrebourne Gardens, Upminster, Essex, RM14 1BJ, United Kingdom
Matthew Collins Property Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Matthew Collins Property Limited
Year ended
31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Matthew Collins Property Limited
for the year ended
31 December 2024
which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Matthew Collins Property Limited
, as a body. My work has been undertaken solely to prepare for your approval the
financial statements
of
Matthew Collins Property Limited
and state those matters that I have agreed to state to the Board of Directors of
Matthew Collins Property Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Matthew Collins Property Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Matthew Collins Property Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Matthew Collins Property Limited
. You consider that
Matthew Collins Property Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Matthew Collins Property Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Mark Kennedy & Co Ltd
133 Ingrebourne Gardens
Upminster
Essex
RM14 1BJ
United Kingdom
Date:
11 September 2025
Matthew Collins Property Limited
Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Investments 5
525,669
 
525,669
 
Current assets    
Debtors 6
8,000
 
8,000
 
Cash at bank and in hand
115,813
 
141,207
 
123,813
 
149,207
 
Creditors: amounts falling due within one year 7
(488,886
 )
(539,295
 )
Net current liabilities
(365,073
 )
(390,088
 )
Total assets less current liabilities 160,596   135,581  
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
160,594
 
135,579
 
Shareholders funds
160,596
 
135,581
 
For the year ending
31 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
11 September 2025
, and are signed on behalf of the board by:
M Collins
Director
Company registration number:
08977631
Matthew Collins Property Limited
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Cotswold Dene
,
Standlake
,
Oxfordshire
,
OX29 7PL
, United Kingdom.

2 Statement of compliance

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

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified to include the revaluation of freehold investment property.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Current tax

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1
).

5 Investments

Other investments other than loans
£
Cost  
At
1 January 2024
525,669
 
At
31 December 2024
525,669
 
Impairment  
At
1 January 2024
and
31 December 2024
 -  
Carrying amount  
At
31 December 2024
525,669
 
At 31 December 2023
525,669
 
Investment Property
In the opinion of the director, the fair value of the investment property is equal to the original purchase price, plus the additional cost of improvements made.

6 Debtors

20242023
££
Trade debtors
8,000
 
8,000
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
6,468
 
6,377
 
Other creditors
482,418
 
532,918
 
488,886
 
539,295