MATAR DESIGN LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03804130 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2019

for

MATAR DESIGN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

H J MATAR

SECRETARY:

SPM SERVICES LTD

REGISTERED OFFICE:

Rear of No 2 Glenthorne Road

Friern Barnet

London

N11 3HT

REGISTERED NUMBER:

03804130 (England and Wales)

ACCOUNTANTS:

Gynch Shaw Maurice & Co

Chartered Certified Accountants

Rear of No 2

SPM House

Glenthorne Road

Friern Barnet

London

N11 3HT

FIXED ASSETS

Tangible assets

4

3,474

4,240

Investments

5

3,250

3,250

Investment property

6

75,000

75,000

81,724

82,490

CURRENT ASSETS

Debtors

7

35,227

35,471

Cash at bank

185,865

179,398

221,092

214,869

CREDITORS

Amounts falling due within one year

8

2,483

1,580

NET CURRENT ASSETS

218,609

213,289

TOTAL ASSETS LESS CURRENT LIABILITIES

300,333

295,779

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

300,233

295,679

SHAREHOLDERS' FUNDS

300,333

295,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 April 2020 and were signed by:

H J MATAR - Director

1.	STATUTORY INFORMATION

MATAR DESIGN 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 derived from copyright management and investments net of VAT.

Tangible fixed assets

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

Short leasehold

-

20% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

Investment property

Investment property is included in the balance sheet at the open market value. Depreciation is provided only on

those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities

(effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all

tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the

financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors

reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be

separately identified or quantified.

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 (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 August 2018

and 31 July 2019

15,497

6,531

12,723

34,751

DEPRECIATION

At 1 August 2018

15,497

4,869

10,145

30,511

Charge for year

-

250

516

766

At 31 July 2019

15,497

5,119

10,661

31,277

NET BOOK VALUE

At 31 July 2019

-

1,412

2,062

3,474

At 31 July 2018

-

1,662

2,578

4,240

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2018

and 31 July 2019

3,250

NET BOOK VALUE

At 31 July 2019

3,250

At 31 July 2018

3,250

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2018

and 31 July 2019

75,000

NET BOOK VALUE

At 31 July 2019

75,000

At 31 July 2018

75,000

The valuation of investment property was made as at 31 July 2016 by the director on an open market basis which

is the same as the historic cost. No depreciation is provided in respect of this property.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Other debtors

35,227

35,471

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Taxation and social security

903

-

Other creditors

1,580

1,580

2,483

1,580

9.	CONTINGENT LIABILITIES

There were no contingent liabilities.

10.	CAPITAL COMMITMENTS

There were no major capital commitments at the balance sheet date.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is a balance of £31,331 (2018: £32,021) owed by H Matar, the director of the

company.

12.	POST BALANCE SHEET EVENTS

There were no post balance sheet events to disclose.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is H J MATAR.