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Company Registration No. 11665434 (England and Wales)
Matrix Development - Spv1 Ltd Unaudited accounts for the year ended 31 May 2025
Matrix Development - Spv1 Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Matrix Development - Spv1 Ltd Company Information for the year ended 31 May 2025
Director
STERRY, David
Company Number
11665434 (England and Wales)
Registered Office
33 ROEBUCK ROAD HAINAULT BUSINESS PARK LONDON IG6 3TZ United Kingdom
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Matrix Development - Spv1 Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
831,051
831,328
Current assets
Debtors
5
5,034
9,348
Cash at bank and in hand
2,923
12,973
7,957
22,321
Creditors: amounts falling due within one year
6
(486,975)
(436,566)
Net current liabilities
(479,018)
(414,245)
Total assets less current liabilities
352,033
417,083
Creditors: amounts falling due after more than one year
7
(623,182)
(629,782)
Net liabilities
(271,149)
(212,699)
Capital and reserves
Called up share capital
200
200
Profit and loss account
(271,349)
(212,899)
Shareholders' funds
(271,149)
(212,699)
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 March 2026 and were signed on its behalf by
STERRY, David Director Company Registration No. 11665434
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Matrix Development - Spv1 Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Matrix Development - Spv1 Ltd is a private company, limited by shares, registered in England and Wales, registration number 11665434. The registered office is 33 ROEBUCK ROAD, HAINAULT BUSINESS PARK, LONDON, IG6 3TZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 SL
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
830,911
833
831,744
At 31 May 2025
830,911
833
831,744
Depreciation
At 1 June 2024
-
416
416
Charge for the year
-
277
277
At 31 May 2025
-
693
693
Net book value
At 31 May 2025
830,911
140
831,051
At 31 May 2024
830,911
417
831,328
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
8,314
Other debtors
5,034
1,034
5,034
9,348
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Matrix Development - Spv1 Ltd Notes to the Accounts for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
5,898
Taxes and social security
200
200
Other creditors
407,439
369,930
Loans from directors
71,238
53,917
Accruals
8,098
6,621
486,975
436,566
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
34,162
40,762
Other creditors
589,020
589,020
623,182
629,782
8
Transactions with related parties
Included in other creditors at the balance sheet date, are amounts of £225,789 (2024: £225,789) and £181,651 (2024: £144,141) owed to DS2 Property (HoldCo) Ltd and DS2 Property Management Ltd respectively, both of which David Sterry is a director. These loans can be called at any time
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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