Matthews & Partners Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 03045485 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

MATTHEWS & PARTNERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M A Matthews

J M Matthews

SECRETARY:

M A Matthews

REGISTERED OFFICE:

Ballands Hall

The Old Street

Fetcham

Leatherhead

Surrey

KT22 9QJ

REGISTERED NUMBER:

03045485 (England and Wales)

ACCOUNTANTS:

IGD Accounting Services Limited

29a High Street

West Wickham

Kent

BR4 0LP

FIXED ASSETS

Tangible assets

4

2,923

2,489

CURRENT ASSETS

Debtors

5

180,220

123,000

Investments

6

-

30,988

Cash at bank

7,899

32,126

188,119

186,114

CREDITORS

Amounts falling due within one year

7

43,946

43,712

NET CURRENT ASSETS

144,173

142,402

TOTAL ASSETS LESS CURRENT LIABILITIES

147,096

144,891

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

146,996

144,791

SHAREHOLDERS' FUNDS

147,096

144,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 May 2017 and were signed on its behalf by:

M A Matthews - Director

J M Matthews - Director

1.	STATUTORY INFORMATION

Matthews & Partners Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services, excluding VAT.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

25% on cost

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 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 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

& equipment

£

COST

At 1 April 2016

5,825

Additions

2,521

At 31 March 2017

8,346

DEPRECIATION

At 1 April 2016

3,336

Charge for year

2,087

At 31 March 2017

5,423

NET BOOK VALUE

At 31 March 2017

2,923

At 31 March 2016

2,489

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

1,814

-

Other debtors

178,406

123,000

180,220

123,000

6.	CURRENT ASSET INVESTMENTS

Investments are primarily quoted securities and are valued at the lower of cost and market value

as at 31 March 2017. Realised capital losses in the year total £195 (2016: realised gains of

£2,556).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Taxation and social security

1,237

2,217

Other creditors

42,709

41,495

43,946

43,712

8.	ULTIMATE CONTROLLING PARTY