Mathorp Investments Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 12782375 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2022

for

Mathorp Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M C E Mathias

O R E Mathias

REGISTERED OFFICE:

6 Thornton Lane

Markfield

Leicestershire

LE67 9RP

REGISTERED NUMBER:

12782375 (England and Wales)

ACCOUNTANTS:

torr waterfield

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Investments

4

1,739,612

1,436,962

CURRENT ASSETS

Debtors

5

1,531

793

Cash at bank

175,619

622,020

177,150

622,813

CREDITORS

Amounts falling due within one year

6

(495,609

)

(495,490

)

NET CURRENT (LIABILITIES)/ASSETS

(318,459

)

127,323

TOTAL ASSETS LESS CURRENT LIABILITIES

1,421,153

1,564,285

PROVISIONS FOR LIABILITIES

-

(13,825

)

NET ASSETS

1,421,153

1,550,460

CAPITAL AND RESERVES

Called up share capital

1,500,100

1,500,100

Fair value reserve

-

58,936

Retained earnings

(78,947

)

(8,576

)

1,421,153

1,550,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2023 and were signed on its behalf by:

M C E Mathias - Director

1.	STATUTORY INFORMATION

Mathorp Investments 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 as modified by the revaluation of certain assets.

These financial statements for the year ended 31 July 2022 are the first that are prepared in accordance with FRS Section 102 1A. The previous financial statements were prepared in accordance with FRS 105. The date of transition to FRS 102 Section 1A is 1 August 2020.

Deferred tax has been provided on accelerated capital allowances and other timing differences, where appropriate.

The transition to FRS 102 Section 1A had the following effect on the financial statements:

- Retained earnings as at 31 July 2021 increased by £58,936

- The profit for the year ended 31 July 2021 increased by £58,936

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Investments

Listed investments are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the year.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 August 2021

1,436,962

Additions

684,283

Disposals

(236,891

)

Revaluations

(144,742

)

At 31 July 2022

1,739,612

NET BOOK VALUE

At 31 July 2022

1,739,612

At 31 July 2021

1,436,962

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Other debtors

1,531

793

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Other creditors

495,609

495,490

Other creditors include accruals and deferred income of £1,560 (2021 £1,440).