Matthew Maynard Rights Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04053418 (England and Wales)

MATTHEW MAYNARD RIGHTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2021

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs. S L Maynard

Mr M P Maynard

REGISTERED OFFICE:

Lyndhurst

Penuel Road

Pentyrch

Cardiff

CF15 9QJ

REGISTERED NUMBER:

04053418 (England and Wales)

ACCOUNTANTS:

Carston Chartered Accountants

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

225

450

225

450

CURRENT ASSETS

Debtors

6

25,851

4,395

Cash at bank

6,853

17,328

32,704

21,723

CREDITORS

Amounts falling due within one year

7

4,840

1,379

NET CURRENT ASSETS

27,864

20,344

TOTAL ASSETS LESS CURRENT LIABILITIES

28,089

20,794

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

28,087

20,792

SHAREHOLDERS' FUNDS

28,089

20,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th November 2021 and were signed on its behalf by:

Mr M P Maynard - Director

1.	STATUTORY INFORMATION

Matthew Maynard Rights 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Computer equipment

-

25% straight line on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st September 2020

and 31st August 2021

35,000

AMORTISATION

At 1st September 2020

and 31st August 2021

35,000

NET BOOK VALUE

At 31st August 2021

-

At 31st August 2020

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st September 2020

and 31st August 2021

6,248

DEPRECIATION

At 1st September 2020

5,798

Charge for year

225

At 31st August 2021

6,023

NET BOOK VALUE

At 31st August 2021

225

At 31st August 2020

450

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

17,500

-

Other debtors

8,351

4,395

25,851

4,395

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

3,160

458

Other creditors

1,680

921

4,840

1,379

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

2

Ordinary shares

£1

2

2