MATTHEW H. WILSON & SON, LIMITED


Directors	Miss H Wilson
	Miss J H Wilson


Company Secretary	Miss H Wilson and Miss J H Wilson


Registered Address	39 Mitchell Avenue
	Jesmond
	Newcastle Upon Tyne
	NE2 3JY


Registered Number	00235985 (England and Wales)

Statement of Financial Position
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		2,185,731		2,185,872
			2,185,731		2,185,872
Current assets
Debtors	5	29,424		22,538
Cash at bank and on hand		364,348		264,943
		393,772		287,481
Creditors amounts falling due within one year	6	(441,305)		(422,322)
Net current assets (liabilities)			(47,533)		(134,841)
Total assets less current liabilities			2,138,198		2,051,031
Net assets			2,138,198		2,051,031
Capital and reserves
Called up share capital			38,500		38,500
Profit and loss account			2,099,698		2,012,531
Shareholders' funds	7		2,138,198		2,051,031

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 6 July 2026, and are signed on its behalf by:

Miss J H Wilson
Director
Registered Company No. 00235985

MATTHEW H. WILSON & SON, LIMITED

Notes to the Financial Statements
for the year ended 31 January 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit and loss. The financial statements are prepared in sterling which is the functional currency of the entity.

	Turnover policy
	The turnover shown in the profit and loss account represents rents receivable and other costs recoverable during the year.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Fixtures and fittings	12	-
Office Equipment	15	33

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

	Financial instruments
	Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 February 25	2,185,000	4,362	4,438	2,193,800
At 31 January 26	2,185,000	4,362	4,438	2,193,800
Depreciation and impairment
At 01 February 25	-	3,545	4,383	7,928
Charge for year	-	134	7	141
At 31 January 26	-	3,679	4,390	8,069
Net book value
At 31 January 26	2,185,000	683	48	2,185,731
At 31 January 25	2,185,000	817	55	2,185,872


	The freehold investment properties were independently valued at 2 April 2020 by Johnson Tucker LLP, Chartered Surveyors, in accordance with the current RICS Valuation - Global Standards (The Red Book). The directors consider that these valuations provide a reliable basis for the property valuations at the balance sheet date. On a historical cost basis the properties would have been included at an original cost of £2,659,922 (2025: £2,659,922).

The freehold investment properties were independently valued at 2 April 2020 by Johnson Tucker LLP, Chartered Surveyors, in accordance with the current RICS Valuation - Global Standards (The Red Book). The directors consider that these valuations provide a reliable basis for the property valuations at the balance sheet date. On a historical cost basis the properties would have been included at an original cost of £2,659,922 (2025: £2,659,922).

4.	Investment property
	The investment properties were valued by the directors on an open market value for existing use basis as at 31 January 2026. On a historical cost basis the properties would have been included at an original cost of £2,659,923

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	29,424	22,538
Total	29,424	22,538

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Taxation and social security	46,379	25,495
Other creditors	394,926	396,827
Total	441,305	422,322


	Included within other creditors is an amount due to the directors of £352,855 (2025: £352,855).

7.	Fair value reserve
	Included within the profit and loss account reserve is a non-distributable reserve. This reserve records the cumulative fair value movements on investment properties valued above original cost.


		£
	Fair value reserve at 01 February 25	198,556
	At 31 January 26	198,556