REGISTERED NUMBER: 03804130 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

MATAR DESIGN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H J MATAR

Mrs D MATAR

SECRETARY:

SPM SERVICES LTD

REGISTERED OFFICE:

Rear of No 2 Glenthorne Road

Friern Barnet

London

N11 3HT

REGISTERED NUMBER:

03804130 (England and Wales)

ACCOUNTANTS:

Gynch Shaw Maurice & Co

Chartered Certified Accountants

Rear of No 2

SPM House

Glenthorne Road

Friern Barnet

London

N11 3HT

FIXED ASSETS

Tangible assets

4

4,655

4,910

Investments

5

8,190

8,190

Investment property

6

75,000

75,000

87,845

88,100

CURRENT ASSETS

Debtors

7

63,233

75,862

Cash at bank

186,113

55,475

249,346

131,337

CREDITORS

Amounts falling due within one year

8

28,820

1,291

NET CURRENT ASSETS

220,526

130,046

TOTAL ASSETS LESS CURRENT LIABILITIES

308,371

218,146

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

308,271

218,046

SHAREHOLDERS' FUNDS

308,371

218,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2025 and were signed on its behalf by:

H J MATAR - Director

1.	STATUTORY INFORMATION

MATAR DESIGN 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 derived from copyright management and investments net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

Investment property

Investment property is included in the balance sheet at the open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

15,497

10,937

12,723

39,157

DEPRECIATION

At 1 January 2024

15,497

6,784

11,966

34,247

Charge for year

-

103

152

255

At 31 December 2024

15,497

6,887

12,118

34,502

NET BOOK VALUE

At 31 December 2024

-

4,050

605

4,655

At 31 December 2023

-

4,153

757

4,910

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

8,190

NET BOOK VALUE

At 31 December 2024

8,190

At 31 December 2023

8,190

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

75,000

NET BOOK VALUE

At 31 December 2024

75,000

At 31 December 2023

75,000

The valuation of investment property was made as at 31 July 2016 by the director on an open market basis which is the same as the historic cost. No depreciation is provided in respect of this property.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

42,208

8,797

Other debtors

21,025

67,065

63,233

75,862

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

4,920

1,994

Taxation and social security

20,068

(9,223

)

Other creditors

3,832

8,520

28,820

1,291

9.	CONTINGENT LIABILITIES

There were no contingent liabilities.

10.	CAPITAL COMMITMENTS

There were no major capital commitments at the balance sheet date.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is a balance of £46,040 owed from H Matar to the company in the trading period to 31 December 2023. The amount owed by the H Matar was fully repaid on 9 July 2024.. In the year to 31 December 2024, included in other creditors £1,432 owed to H Matar, the director, by the company.

There is no amount owed to D Matar in 2024 (2023: £3,600 was owed to D Matar, director, by the company.

12.	POST BALANCE SHEET EVENTS

There were no post balance sheet events to disclose.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is H J MATAR.