Matrix Property Management Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03601751 (England and Wales)

Matrix Property Management Ltd

Unaudited Financial Statements

for the Year Ended 30th June 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Report of the Accountants

7

DIRECTORS:

R J H Randall

I D Blake

P Bax

REGISTERED OFFICE:

The Old Barns

Old Road

Felmersham

Bedfordshire

MK43 7JD

REGISTERED NUMBER:

03601751 (England and Wales)

ACCOUNTANTS:

Astute Services Ltd

4 Daventry Road

Dunchurch

Warwickshire

CV22 6NS

FIXED ASSETS

Tangible assets

4

60,744

53,800

Investments

5

1

1

60,745

53,801

CURRENT ASSETS

Debtors

6

109,611

14,116

Prepayments and accrued income

1,208

80,413

Cash at bank

228,844

375,362

339,663

469,891

CREDITORS

Amounts falling due within one year

7

223,764

264,565

NET CURRENT ASSETS

115,899

205,326

TOTAL ASSETS LESS CURRENT LIABILITIES

176,644

259,127

PROVISIONS FOR LIABILITIES

11,542

-

NET ASSETS

165,102

259,127

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

165,002

259,027

SHAREHOLDERS' FUNDS

165,102

259,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 29th March 2018 and were signed on its behalf by:

R J H Randall - Director

1.	STATUTORY INFORMATION

Matrix Property Management 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

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 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 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st July 2016

71,733

Additions

31,098

At 30th June 2017

102,831

DEPRECIATION

At 1st July 2016

17,933

Charge for year

24,154

At 30th June 2017

42,087

NET BOOK VALUE

At 30th June 2017

60,744

At 30th June 2016

53,800

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st July 2016

and 30th June 2017

1

NET BOOK VALUE

At 30th June 2017

1

At 30th June 2016

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

87,633

-

Other debtors

21,978

14,116

109,611

14,116

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

84,643

3,480

Taxation and social security

-

44,736

Other creditors

139,121

216,349

223,764

264,565

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

200

Ordinary

£0.50

100

100

9.

RESERVES

Retained

earnings

£

At 1st July 2016

259,027

Deficit for the year

(94,025

)

At 30th June 2017

165,002

10.	RELATED PARTY DISCLOSURES

Included in other creditors is an amount owed to R Randall (Director) of £21,592 (2016: £13,077). The loan is

interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is R J H Randall.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th June 2017 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Astute Services Ltd

4 Daventry Road

Dunchurch

Warwickshire

CV22 6NS

Date: .............................................