Company registration number: 05965946
Annual report and unaudited financial statements
for the year ended 31 August 2025
for
David Matthews Property Services Limited
Pages for filing with the Registrar
Company registration number: 05965946
David Matthews Property Services Limited
Balance sheet
as at 31 August 2025
2025 2024
£ £ £ £
Fixed assets
Tangible assets - 3,216
- 3,216
Current assets
Stocks 5,896 11,687
Debtors 18,757 16,500
24,653 28,187
Creditors: amounts falling due within one
year 		(51,426) (73,079)
Net current liabilities (26,773) (44,892)
Total assets less current liabilities (26,773) (41,676)
NET LIABILITIES (26,773) (41,676)
Capital and reserves
Called up share capital 2 2
Profit and loss account (26,775) (41,678)
TOTAL EQUITY (26,773) (41,676)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 05965946
David Matthews Property Services Limited
Balance sheet - continued
as at 31 August 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr D Matthews, Director
11 April 2026
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David Matthews Property Services Limited
Notes to the financial statements
for the year ended 31 August 2025
1 Company information
David Matthews Property Services Limited is a private company registered in ********. Its registered number is 05965946. The company is limited by shares. Its registered office is Western House, Ipswich Road, Cardiff, CF23 9AQ. Its principal place of business is ********.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill -
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 25% straight line
Computer equipment - 25% straight line
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David Matthews Property Services Limited
Notes to the financial statements - continued
for the year ended 31 August 2025
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first -in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
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