Company registration number 00408446 (England and Wales)
MATTHEW TURNBULL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
MATTHEW TURNBULL LIMITED
COMPANY INFORMATION
Directors
Mr Jeremy Howarth
Sarah Howarth
Christopher Howarth
Camilla Butler
Juliet Bennett
Company number
00408446
Registered office
23 Chandos Road
Buckingham
Buckinghamshire
England
MK18 1AL
Accountants
Xeinadin
Moreton House
31 High Street
Buckingham
Buckinghamshire
UK
MK18 1NU
MATTHEW TURNBULL LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MATTHEW TURNBULL LIMITED
BALANCE SHEET
AS AT
5 APRIL 2025
05 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
181,562
181,562
Investments
4
586,489
363,065
768,051
544,627
Current assets
Debtors
5
56,224
38,410
Cash at bank and in hand
199,531
379,474
255,755
417,884
Creditors: amounts falling due within one year
6
(9,090)
(66,356)
Net current assets
246,665
351,528
Net assets
1,014,716
896,155
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
1,013,716
895,155
Total equity
1,014,716
896,155

For the financial year ended 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has 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 1 December 2025 and are signed on its behalf by:
Mr Jeremy Howarth
Director
Company registration number 00408446 (England and Wales)
MATTHEW TURNBULL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
- 2 -
1
Accounting policies
Company information

Matthew Turnbull Limited is a private company limited by shares incorporated in England and Wales. The registered office is 23 Chandos Road, Buckingham, Buckinghamshire, England, MK18 1AL.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
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
No depreciation charge in the year

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.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.5
Taxation

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

MATTHEW TURNBULL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
1
Accounting policies
(Continued)
- 3 -
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.

2
Employees

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

2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
land and buildings
£
Cost
At 6 April 2024 and 5 April 2025
181,562
Depreciation and impairment
At 6 April 2024 and 5 April 2025
-
0
Carrying amount
At 5 April 2025
181,562
At 5 April 2024
181,562
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
586,489
363,065
MATTHEW TURNBULL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
4
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 6 April 2024
363,065
Additions
296,848
Valuation changes
(73,424)
At 5 April 2025
586,489
Carrying amount
At 5 April 2025
586,489
At 5 April 2024
363,065
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
56,059
38,286
Prepayments and accrued income
165
124
56,224
38,410

Other debtors shows the Funds at Lloyds as at the year end date.

6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
7,234
64,534
Other creditors
1,856
1,822
9,090
66,356
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