Matlau Ltd Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 08601282

Matlau Ltd

Filleted Unaudited Financial Statements

31 March 2022

Matlau Ltd

Financial Statements

Year ended 31 March 2022

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Matlau Ltd

Statement of Financial Position

31 March 2022

	2022		2021
Note	£	£	£	£

Fixed assets

Investments	5		500,000		500,000

Current assets

Cash at bank and in hand	2,852		30,136

Creditors: amounts falling due within one year	6	219,141		229,141
		---------		---------
Net current liabilities			216,289		199,005
			---------		---------
Total assets less current liabilities			283,711		300,995
			---------		---------

Capital and reserves

Called up share capital	7	250,002	250,002
Profit and loss account		33,709	50,993
		---------	---------
Shareholders funds		283,711	300,995
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 22 September 2022 , and are signed on behalf of the board by:

M D Ockelford	G A Ockelford
Director	Director

Company registration number: 08601282

Matlau Ltd

Notes to the Financial Statements

Year ended 31 March 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

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 or loss.

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

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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.

4. Average number of employees

The average number of employees during the year was 2 (2021 - 2).

5. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2021 and 31 March 2022	500,000
	---------
Impairment
At 1 April 2021 and 31 March 2022	–
	---------

Carrying amount
At 31 March 2022	500,000
	---------
At 31 March 2021	500,000
	---------

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Amounts owed to group undertakings	219,118	219,118
Director loan accounts	23	10,023
	---------	---------
	219,141	229,141
	---------	---------

7. Called up share capital

Issued, called up and fully paid

	2022		2021
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
Ordinary A shares of £ 1 each	125,000	125,000	125,000	125,000
Ordinary B shares of £ 1 each	125,000	125,000	125,000	125,000
	---------	---------	---------	---------
	250,002	250,002	250,002	250,002
	---------	---------	---------	---------

8. Related party transactions

At the year end the company owed the directors £23 (2021 - £10,023) which is shown amongst creditors. At the year end the company owed a related party £219,118 (2021 - £219,118) which is shown amongst creditors.