REGISTERED NUMBER: 13032712 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

MATRIX ASSET HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Hargun

A Singh

SECRETARIES:

Mrs N Hargun

Mrs B Sawhney

REGISTERED OFFICE:

12 Beacon Road

Walsall

West Midlands

WS5 3LF

REGISTERED NUMBER:

13032712 (England and Wales)

ACCOUNTANTS:

Ashcrofts Accountants Limited

2 Cedargrove

Hagley

Stourbridge

West Midlands

DY9 0DR

FIXED ASSETS

Investments

4

3,007,911

3,007,911

CURRENT ASSETS

Debtors

5

1

1

Cash at bank

707

2,255

708

2,256

CREDITORS

Amounts falling due within one year

6

(490,789

)

(370,377

)

NET CURRENT LIABILITIES

(490,081

)

(368,121

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,517,830

2,639,790

CREDITORS

Amounts falling due after more than one year

7

(510,167

)

(623,127

)

NET ASSETS

2,007,663

2,016,663

CAPITAL AND RESERVES

Called up share capital

10

100

100

Share premium

11

1,927,176

1,927,176

Retained earnings

11

80,387

89,387

SHAREHOLDERS' FUNDS

2,007,663

2,016,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 19 August 2026 and were signed on its behalf by:

A Singh - Director

P Hargun - Director

1.	STATUTORY INFORMATION

Matrix Asset Holdings 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 NIL (2025 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

and 31 March 2026

3,007,911

NET BOOK VALUE

At 31 March 2026

3,007,911

At 31 March 2025

3,007,911

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Matrix Pharmacy Limited

Registered office: 12 Beacon Road, Walsall, West Midlands, WS5 3LF

Nature of business: Retail pharmacies

%

Class of shares:

holding

Ordinary

100.00

2026

2025

£

£

Aggregate capital and reserves

2,490,961

2,413,316

Profit for the year

204,645

48,710

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

1

1

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 8)

110,442

101,290

Amounts owed to group undertakings

379,233

268,153

Accruals and deferred income

1,114

934

490,789

370,377

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 8)

510,167

623,127

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

65,999

211,966

8.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

110,442

101,290

2026

2025

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

111,042

101,890

Amounts falling due between two and five years:

Bank loans - 2-5 years

333,126

309,271

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

65,999

211,966

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

620,609

724,417

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2025

89,387

1,927,176

2,016,563

Profit for the year

127,000

127,000

Dividends

(136,000

)

(136,000

)

At 31 March 2026

80,387

1,927,176

2,007,563

12.	RELATED PARTY DISCLOSURES

At 31 March 2025, there was a loan from Matrix Pharmacy Limited of £379,233 (2025: £268,153), a company in which Mr P Hargun and Mr A Singh are directors. Matrix Pharmacy Limited is a wholly owned subsidiary undertaking of Matrix Asset Holdings Limited. This unsecured loan is interest free and repayable on demand.