Company registration number 06619046 (England and Wales)
MATTDAV LIMITED
THE THREE MILLSTONES
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
MATTDAV LIMITED
THE THREE MILLSTONES
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
MATTDAV LIMITED
THE THREE MILLSTONES
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
538,884
560,046
Current assets
Stocks
12,181
9,996
Debtors
5
200
200
Cash at bank and in hand
36,975
7,737
49,356
17,933
Creditors: amounts falling due within one year
6
(148,674)
(150,695)
Net current liabilities
(99,318)
(132,762)
Total assets less current liabilities
439,566
427,284
Provisions for liabilities
(37,493)
(62,410)
Net assets
402,073
364,874
Capital and reserves
Called up share capital
7
200
200
Profit and loss reserves
401,873
364,674
Total equity
402,073
364,874

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 November 2025 and are signed on its behalf by:
Mr M T Frost
Mr D W Frost
Director
Director
Company registration number 06619046 (England and Wales)
MATTDAV LIMITED
THE THREE MILLSTONES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

Mattdav Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Three Millstones, Waddington Road, West Bradford, Clitheroe, BB7 4SX.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted are set out below.

1.2
Going concern

The company is reliant upon the continued financial support of true the director s. The directors have confirmed they are to continue to provide their support going forward. On this basis, the financial statements have been prepared on a going concern basis.

1.3
Revenue
Turnover represents amounts receivable for goods and services net of VAT.
1.4
Intangible fixed assets - goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of ten years.
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings freehold
2% Straight line
Leasehold building improvements
2% Straight line
Fixtures, fittings & equipment
15% Reducing balance
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

MATTDAV LIMITED
THE THREE MILLSTONES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

MATTDAV LIMITED
THE THREE MILLSTONES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
11
11
3
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2024 and 30 June 2025
100,000
Amortisation and impairment
At 1 July 2024 and 30 June 2025
100,000
Carrying amount
At 30 June 2025
-
0
At 30 June 2024
-
0
MATTDAV LIMITED
THE THREE MILLSTONES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 July 2024
559,122
274,086
833,208
Additions
-
0
4,765
4,765
At 30 June 2025
559,122
278,851
837,973
Depreciation and impairment
At 1 July 2024
76,841
196,321
273,162
Depreciation charged in the year
11,182
14,745
25,927
At 30 June 2025
88,023
211,066
299,089
Carrying amount
At 30 June 2025
471,099
67,785
538,884
At 30 June 2024
482,281
77,765
560,046
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
200
200
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
4,648
8,774
Taxation and social security
35,193
34,601
Other creditors
108,833
107,320
148,674
150,695
MATTDAV LIMITED
THE THREE MILLSTONES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary 'A' Shares of £1 each
100
100
100
100
Ordinary 'B' Shares of £1 each
100
100
100
100
200
200
200
200

The 'A' Shares and 'B' Shares rank pari passu for all matters except that the 'A' Shares have the right to the first £30,000 of distributable profits of each financial period and enhanced rights to capital on the dissolution of the company.

8
Directors' transactions

During the year the directors provided the company with interest free loans. The balances owing as at the Balance Sheet date were - D W Frost £30,378 (202 4 - £30,378) and M T Frost £75,885 (202 4 - £74,714).

The loan from D W Frost is secured.

During the year the company traded from premises owned personally by D W Frost, rent was charged for the year o f £30,000 (202 4 - £17,500).

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