C.L. Mathieson Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01253323 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

C.L. Mathieson Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C L Mathieson

G P P Martin FCA

J Mathieson

SECRETARY:

Mrs P Mathieson

REGISTERED OFFICE:

Concorde Club

The Old School House

Stoneham Lane

Eastleigh

Hampshire

SO50 9HQ

REGISTERED NUMBER:

01253323 (England and Wales)

ACCOUNTANTS:

GMandCo Trading Limited

Ashleigh,

3 Lakewood Close

Chandlers Ford

Hampshire

SO53 1EY

FIXED ASSETS

Tangible assets

4

2,819,505

2,828,371

CURRENT ASSETS

Stocks

42,778

41,947

Debtors

5

46,738

50,729

Cash in hand

2,500

6,425

92,016

99,101

CREDITORS

Amounts falling due within one year

6

1,272,745

1,141,256

NET CURRENT LIABILITIES

(1,180,729

)

(1,042,155

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,638,776

1,786,216

CREDITORS

Amounts falling due after more than
one year

7

2,862,500

2,908,369

NET LIABILITIES

(1,223,724

)

(1,122,153

)

CAPITAL AND RESERVES

Called up share capital

31,500

Share premium

19,250

Retained earnings

(1,274,474

)

(1,172,903

)

(1,223,724

)

(1,122,153

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

G P P Martin FCA - Director

1.	STATUTORY INFORMATION

C.L. Mathieson 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2024 - 65 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 November 2024

and 31 October 2025

2,769,264

945,208

3,714,472

DEPRECIATION

At 1 November 2024

-

886,101

Charge for year

-

8,866

At 31 October 2025

-

894,967

NET BOOK VALUE

At 31 October 2025

2,769,264

50,241

2,819,505

At 31 October 2024

2,769,264

59,107

2,828,371

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

16,005

11,531

Other debtors

30,733

39,198

46,738

50,729

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Bank loans and overdrafts

62,171

56,217

Trade creditors

221,641

186,503

Taxation and social security

336,330

162,520

Other creditors

652,603

736,016

1,272,745

1,141,256

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.10.25

31.10.24

£

Bank loans

1,137,750

1,183,619

Other creditors

1,724,750

2,862,500

2,908,369

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

1,137,750

1,183,619

8.	SECURED DEBTS

At the 31st October 2025 the company had the balance of a 25 year mortgage of £1,108,583 and 7 months remaining on a CBILS loan of £29,167. At the date of this report this £250,000 Liability for the CBILS loan taken on to get through Covid has now been fully repaid.

The combined Monthly repayments at 31st October 2024 for these two loans were £11,709.

The Mortgage loan is secured on the 4 acre freehold site upon which the club and hotel buildings stand. It was valued on 12th August 2024 by Christies for Nat West Bank at £2.25m, whilst in the same report Christies stated the "Building and Reinstatement Cost" to be £6,920,000.

The secured bank loan is therefore just under 50% of this valuation.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31st October 2025 C.L. Mathieson Limited owed the Mathieson Directors £10,195. (2024 £4,745)

At 31st October 2025 the company owed G.W.Martin & Co Ltd £1,724,750 (2024 £1,724,750). This amount is shown as falling due in more than one year

.

G.W. Martin & Co Ltd hold a 2nd charge over the freehold land and buildings created on 2nd August 2013.

Mr G P P Martin FCA is a director, and the controlling shareholder, in G.W. Martin & Co Limited. As a result of this he has the ultimate contorting interest in CL Mathieson Ltd.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is G P P Martin FCA.