Stephen Matterson Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10409421

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		458		272

			458		272
CURRENT ASSETS
Debtors	5	17,634		15,965
Investments	6	762,266		655,770
Cash at bank and in hand		314,634		273,073

		1,094,534		944,808
Creditors: Amounts Falling Due Within One Year	7	(231,902 )		(188,225 )

NET CURRENT ASSETS (LIABILITIES)			862,632		756,583

TOTAL ASSETS LESS CURRENT LIABILITIES			863,090		756,855

PROVISIONS FOR LIABILITIES
Deferred Taxation			(115 )		-

NET ASSETS			862,975		756,855

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			862,875		756,755

SHAREHOLDERS' FUNDS			862,975		756,855

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Stephen Matterson Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S A Matterson

Director

21/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Stephen Matterson Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10409421 . The registered office is Deerstones, Coates Lane, Barnoldswick, Lancashire, BB18 6HJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared under the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

2.2. Turnover

Turnover is measured at the fair value of the consideration receivable for goods supplied and services rendered.

Income is recognised on completion of work undertaken.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33.33% straight line

2.4. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

2.5. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.

Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

2.6. Pensions

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

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Stephen Matterson Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

2.8. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period is arises.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2025	818
Additions	687

As at 31 March 2026	1,505

Depreciation
As at 1 April 2025	546
Provided during the period	501

As at 31 March 2026	1,047

Net Book Value
As at 31 March 2026	458

As at 1 April 2025	272

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	14,413	12,987
Other debtors	3,221	2,978

	17,634	15,965

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Stephen Matterson Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Current Asset Investments

	2026	2025
	£	£
Listed investments	762,266	655,770

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	(1 )	-
Other creditors	194,763	153,130
Taxation and social security	37,140	35,095

	231,902	188,225

8. Related Party Transactions

During the year, dividends of £41,500 (2025 - £50,000) were paid to the directors.

Included in creditors: amounts falling due within one year, is a directors loan account balance of £192,243 (2025 - £150,130) owing to Mr S A & Mrs A C Matterson.

The loan is interest free and repayable on demand.

9. Ultimate Controlling Party

The company is under the control of Mr S A & Mrs A C Matterson, who are interested in 100% of the company's issued share capital.

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