Matchforce Limited - Filleted accounts

Registered number

02922461

Matchforce Limited

Unaudited Filleted Accounts

31 March 2025

Matchforce Limited
Registered number:		02922461
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		603,875			616,661

Current assets
Cash at bank and in hand		305			344

Creditors: amounts falling due within one year	4	(174,433)			(41,817)

Net current liabilities			(174,128)			(41,473)

Total assets less current liabilities			429,747			575,188

Creditors: amounts falling due after more than one year	5		(1,626,848)			(1,692,557)



Net liabilities			(1,197,101)			(1,117,369)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(1,197,201)			(1,117,469)

Shareholders' funds			(1,197,101)			(1,117,369)

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.




Mr J Shapiro
Director
Approved by the board on 15 April 2026

Matchforce Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:


	Plant and machinery			25% Reducing balance
	Fixtures, fittings, tools and equipment			25% Reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 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.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		0


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	565,518		153,802		49,391		768,711
	At 31 March 2025	565,518		153,802		49,391		768,711

	Depreciation
	At 1 April 2024	-		130,812		21,238		152,050
	Charge for the year	-		5,748		7,038		12,786
	At 31 March 2025	-		136,560		28,276		164,836

	Net book value
	At 31 March 2025	565,518		17,242		21,115		603,875
	At 31 March 2024	565,518		22,990		28,153		616,661


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

	Trade creditors					-		11,290
	Other creditors					174,433		30,527
						174,433		41,817

	Other creditors include £166,357 (2024 - £1,189) due to the directors of the company. The loan is unsecured, interest free and repayable on demand.



5	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,626,848		1,692,557



6	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					1,626,848		1,692,557

	The secured bank loan represents a mortgage over property with the asset provided as collateral for the borrowing.


7	Controlling party

	The controlling party is Mr M A Kiselstein by virtue of his ownership of the majority of the issued share capital of the company.


8	Other information

	Matchforce Limited is a private company limited by shares and incorporated in England. Its registered office is:
	516 Finchley Road
	London
	NW11 8DD