IRIS Accounts Production v25.4.0.155 09439783 director 1.3.24 28.2.25 28.2.25 0 0 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09439783 2024-02-29 09439783 2025-02-28 09439783 2024-03-01 2025-02-28 09439783 2023-02-28 09439783 2023-03-01 2024-02-29 09439783 2024-02-29 09439783 ns15:EnglandWales 2024-03-01 2025-02-28 09439783 ns14:PoundSterling 2024-03-01 2025-02-28 09439783 ns10:Director1 2024-03-01 2025-02-28 09439783 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 09439783 ns10:SmallEntities 2024-03-01 2025-02-28 09439783 ns10:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 09439783 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 09439783 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 09439783 ns10:FullAccounts 2024-03-01 2025-02-28 09439783 ns10:RegisteredOffice 2024-03-01 2025-02-28 09439783 ns5:CurrentFinancialInstruments 2025-02-28 09439783 ns5:CurrentFinancialInstruments 2024-02-29 09439783 ns5:ShareCapital 2025-02-28 09439783 ns5:ShareCapital 2024-02-29 09439783 ns5:SharePremium 2025-02-28 09439783 ns5:SharePremium 2024-02-29 09439783 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 09439783 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 09439783 ns5:CostValuation ns5:UnlistedNon-exchangeTraded 2024-02-29 09439783 ns5:AdditionsToInvestments ns5:UnlistedNon-exchangeTraded 2025-02-28 09439783 ns5:DisposalsRepaymentsInvestments ns5:UnlistedNon-exchangeTraded 2025-02-28 09439783 ns5:CostValuation ns5:UnlistedNon-exchangeTraded 2025-02-28 09439783 ns5:UnlistedNon-exchangeTraded 2025-02-28 09439783 ns5:UnlistedNon-exchangeTraded 2024-02-29 09439783 ns5:CostValuation 2024-02-29 09439783 ns5:AdditionsToInvestments 2025-02-28 09439783 ns5:DisposalsRepaymentsInvestments 2025-02-28 09439783 ns5:OtherIncreaseDecreaseInInvestments 2025-02-28 09439783 ns5:CostValuation 2025-02-28 09439783 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 09439783 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29

REGISTERED NUMBER: 09439783 (England and Wales)

MATAFAN UK LIMITED

Unaudited Financial Statements

for the Year Ended 28 February 2025

| MATAFAN UK LIMITED (REGISTERED NUMBER: 09439783) |

Contents of the Financial Statements

for the year ended 28 February 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| MATAFAN UK LIMITED |

Company Information

for the year ended 28 February 2025

| Director: | G Jabalot

| Registered office: | Flat 1

| 16 Stratford Road

| London

| W8 6QD

| Registered number: | 09439783 (England and Wales)

| MATAFAN UK LIMITED (REGISTERED NUMBER: 09439783) |

Statement of Financial Position

28 February 2025

2025 | 2024 |

| Notes | £ | £

Fixed assets

Investments | 4 | 225,208 |  | 268,277 |  |

Investment property | 5 | 1,411,948 |  | - |  |

1,637,156 |  | 268,277 |  |

Current assets

Debtors | 6 | 6,134 |  | 4,605 |  |

Cash at bank | 112,811 |  | 1,406,548 |  |

118,945 |  | 1,411,153 |  |

Creditors

Amounts falling due within one year | 7 | (235,479 | ) | (38,388 | ) |

Net current (liabilities)/assets | (116,534 | ) | 1,372,765 |  |

Total assets less current liabilities | 1,520,622 |  | 1,641,042 |  |

Provisions for liabilities | (133,054 | ) | (137,137 | ) |

Net assets | 1,387,568 |  | 1,503,905 |  |

Capital and reserves

Called up share capital | 200 |  | 200 |  |

Share premium | 508,949 |  | 508,949 |  |

Retained earnings | 878,419 |  | 994,756 |  |

Shareholders' funds | 1,387,568 |  | 1,503,905 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 February 2026 and were signed by:

G Jabalot - Director

| MATAFAN UK LIMITED (REGISTERED NUMBER: 09439783) |

Notes to the Financial Statements

for the year ended 28 February 2025

1. | Statutory information

| Matafan UK 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.

| A summary of principal accounting policies, all of which have been consistently applied throughout the year and the preceding year, is set out below. The financial statements are presented in Sterling (£).

| Financial instruments

| Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. The company holds basic financial instruments which comprise cash at bank and trade and other payables. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments.

| Financial assets - classified as basic financial instruments

| (i) Cash at bank and in hand

| Cash at bank and in hand include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

| (ii) Other receivables

| Other receivables are initially recognised at the transaction price, including any transaction costs. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment. Amounts that are receivable in more than one year are measured at amortised cost using the effective interest method less provision for impairment.

| At the end of each reporting period, the company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

| (iii) Fixed Asset Investments

| Upon initial recognition, investments are included at their initial fair value, which is cost. Subsequently investments are valued at 'fair value ' which are measured as follows:

| Investments listed on recognised exchanges are valued at their bid prices at the end of the accounting period or otherwise at fair value based on published price quotations.

| Unquoted investments are value using the fair value measurement in FRS 102 using the hierarchy model outlined below:

| a) Active market price e.g. bid price

| b) Price of recent transaction for an identical asset in an arm's length transaction.

| c) Estimate of fair value using another valuation technique in an arm's length exchange

| d) Cost less impairment

| Financial Liabilities - classified as basic financial instruments

| (iv) Trade and other payables and loans and borrowings

| Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable in more than one year are measured at the discounted amount of the cash expected to be paid.

| MATAFAN UK LIMITED (REGISTERED NUMBER: 09439783) |

Notes to the Financial Statements - continued

for the year ended 28 February 2025

2. | Accounting policies - continued

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Going concern

| The company meets its day to day working capital requirements through the support of the director and shareholder of the Company. On this basis, the director consider it appropriate to prepare the financial statements on the going concern basis.

3. | Employees and directors

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

4. | Fixed asset investments

2025 | 2024 |

| £ | £

| Other investments not loans | 154,969 |  | 196,876 |  |

| Other loans | 70,239 |  | 71,401 |  |

225,208 |  | 268,277 |  |

| Additional information is as follows:

Unlisted |

investments |

| £

| Cost

| At 1 March 2024 | 196,876 |  |

| Additions | 8,093 |  |

| Disposals | (50,000 | ) |

| At 28 February 2025 | 154,969 |  |

| Net book value

| At 28 February 2025 | 154,969 |  |

| At 29 February 2024 | 196,876 |  |

Other loans |

| £

| At 1 March 2024 | 71,401 |  |

| New in year | 5,065 |  |

| Repayment in year | (8,093 | ) |

| Other movement | 1,866 |  |

| At 28 February 2025 | 70,239 |  |

| The loan carries yearly interest of 2%. The loan receivable is repayable on 31 December 2025 however the loan can be repaid anytime before this date with no penalty or fine.

| MATAFAN UK LIMITED (REGISTERED NUMBER: 09439783) |

Notes to the Financial Statements - continued

for the year ended 28 February 2025

5. | Investment property

Total |

| £

| Fair value

| Additions | 1,411,948 |  |

| At 28 February 2025 | 1,411,948 |  |

| Net book value

| At 28 February 2025 | 1,411,948 |  |

6. | Debtors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Other debtors | 6,134 |  | 4,605 |  |

7. | Creditors: amounts falling due within one year |

2025 | 2024 |

| £ | £

| Taxation and social security | - |  | 17,893 |  |

| Other creditors | 235,479 |  | 20,495 |  |

235,479 |  | 38,388 |  |