Matthew Stephenson Arts Limited

Registered number

10899240

Filleted Accounts

31 March 2025

Matthew Stephenson Arts Limited
Registered number:		10899240
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Current assets
Debtors	3	32,705			72,017
Cash at bank and in hand		1,161			3,702
		33,866			75,719

Creditors: amounts falling due within one year	4	(33,064)			(50,625)

Net current assets			802			25,094

Net assets			802			25,094

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			(198)			24,094

Shareholders' funds			802			25,094

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M O Stephenson
Director
Approved by the board on 23 December 2025

Matthew Stephenson Arts Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006 (as applicable to companies subject to the small company regime). The significant accounting policies applied in the preparation of these statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

	Group accounts exemption
	The company and its parent comprise a small group. The parent company has taken advantage of exemption provided by s399 (2A) Companies Act 2006 not to prepare group accounts.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the commission on the brokering of artistic works and is recognised when the significant risks and rewards of ownership of brokered works have transferred to the buyer.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		1


3	Debtors					2025		2024
£							£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest					26,404		70,947
	Other debtors					6,301		1,070
						32,705		72,017


4	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					2,915		-
	Taxation and social security costs					-		28,399
	Other creditors					30,149		22,226
						33,064		50,625


5	Share capital	Nominal		2025		2025		2024
value			Number		£		£
	Allotted, called up and fully paid:
	A Ordinary shares	£1 each		800		800		800
	B Ordinary shares	£1 each		200		200		200
						1,000		1,000


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	M O Stephenson
	Loan repayable on demand, interest free	-		4,500		-		4,500

		-		4,500		-		4,500


7	Related party transactions

	Management charges of £5,000 (2024 - £20,000) were due to fellow subsidiary company, Matthew Stephen Limited. During the year various amounts were loaned to its fellow subsidiary, Matthew Stephenson Limited by the company. The balance at the year end included within debtors is £26,404 (2024 - £70,947). During the year management charges have been incurred by the company, payable to its fellow subsidiary, Matthew Stephenson Limited, the balance at the year end included within creditors is £25,000 (2024 - £20,000).


8	Controlling party

	The company is a subsidiary of Maidwell Projects Limited, a company registered in England. The parent company registered office is The History Room at Farnham Pottery Pottery Lane Wrecclesham, Farnham Surrey GU10 4QJ The ultimate controlling party is M O Stephenson.


9	Other information

	Matthew Stephenson Arts Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The History Room at Farnham Pottery
	Pottery Lane
	Farnham
	Surrey
	GU10 4QJ