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REGISTERED NUMBER: 11867017 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MATUGO LIMITED

| MATUGO LIMITED (REGISTERED NUMBER: 11867017) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| MATUGO LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTOR: | Ms H V Thorn

| REGISTERED OFFICE: | 6 Green Lane Business Park

| 238 Green Lane

| New Eltham

| London

| SE9 3TL

| REGISTERED NUMBER: | 11867017 (England and Wales)

| ACCOUNTANTS: | Andrew Cross & Co.

| Chartered Certified Accountants

| 6 Green Lane Business Park

| 238 Green Lane

| New Eltham

| London

| SE9 3TL

| MATUGO LIMITED (REGISTERED NUMBER: 11867017) |

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,224 |  | 1,632 |  |

CURRENT ASSETS

Work in progress | 2,000 |  | 2,300 |  |

Debtors | 5 | 49,367 |  | 39,574 |  |

Cash at bank and in hand | 192 |  | 406 |  |

51,559 |  | 42,280 |  |

CREDITORS

Amounts falling due within one year | 6 | 48,836 |  | 41,564 |  |

NET CURRENT ASSETS | 2,723 |  | 716 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,947 |  | 2,348 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 1 |  | 1 |  |

Retained earnings | 3,946 |  | 2,347 |  |

SHAREHOLDERS' FUNDS | 3,947 |  | 2,348 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 12 January 2026 and were signed by:

Ms H V Thorn - Director

| MATUGO LIMITED (REGISTERED NUMBER: 11867017) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Matugo 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 represents invoiced work for completed projects in the year together with the relevant proportion of work in progress at the year end date and taking into account work in progress already completed at the start of the financial year, exclusive of value added tax.

| Tangible fixed assets

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

| Plant and machinery etc | - | 25% on reducing balance

| Work in progress

| Work in progress is valued by taking account of the relevant proportion of sales invoices raised after the year end date, relating to work completed prior to the year end date.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 3,645 |  |

| DEPRECIATION

| At 1 April 2024 | 2,013 |  |

| Charge for year | 408 |  |

| At 31 March 2025 | 2,421 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,224 |  |

| At 31 March 2024 | 1,632 |  |

| MATUGO LIMITED (REGISTERED NUMBER: 11867017) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 6,000 |  | - |  |

| Other debtors | 43,367 |  | 39,574 |  |

49,367 |  | 39,574 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 1,140 |  | 1,159 |  |

| Taxation and social security | 46,591 |  | 39,310 |  |

| Other creditors | 1,105 |  | 1,095 |  |

48,836 |  | 41,564 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 | 2024 |

£ | £ |

| Ms H V Thorn

| Balance outstanding at start of year | 39,486 |  | 29,823 |  |

| Amounts advanced | 43,279 |  | 39,486 |  |

| Amounts repaid | (39,486 | ) | (29,823 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 43,279 |  | 39,486 |  |