Matthews Estates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00991214 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Matthews Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Matthews

J Matthews

SECRETARY:

M Matthews

REGISTERED OFFICE:

Stephenson Place

Stephenson Way

Three Bridges

Sussex

RH10 1TN

REGISTERED NUMBER:

00991214 (England and Wales)

ACCOUNTANTS:

Bentleys Accounting Limited

Suite 6, 141/143 South Road

Haywards Heath

West Sussex

RH16 4LZ

FIXED ASSETS

Tangible assets

3

378,460

378,460

CURRENT ASSETS

Debtors

4

189,968

189,968

NET CURRENT ASSETS

189,968

189,968

TOTAL ASSETS LESS CURRENT LIABILITIES

568,428

568,428

CAPITAL AND RESERVES

Called up share capital

70,000

70,000

Share premium

4,000

4,000

Revaluation reserve

5

269,895

269,895

Retained earnings

224,533

224,533

SHAREHOLDERS' FUNDS

568,428

568,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 September 2018 and were signed on its behalf by:

M Matthews - Director

1.	STATUTORY INFORMATION

Matthews Estates 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 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.

Tangible fixed assets

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

Freehold property

-

not provided

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.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2017

and 31 March 2018

380,000

DEPRECIATION

At 1 April 2017

and 31 March 2018

1,540

NET BOOK VALUE

At 31 March 2018

378,460

At 31 March 2017

378,460

4.

DEBTORS

31.3.18

31.3.17

£

£

Amounts falling due within one year:

Other debtors

5,007

5,007

Tax

1,048

1,048

VAT

2,516

2,516

8,571

8,571

Amounts falling due after more than one year:

Other debtors

181,397

181,397

Aggregate amounts

189,968

189,968

5.

RESERVES

Revaluation

reserve

£

At 1 April 2017

and 31 March 2018

269,895

6.	RELATED PARTY DISCLOSURES

As at 31st March 2018 Matthews (Sussex) Limited owed this company £ 181,397 (2017 £ 181,397) included in

other debtors.

The director M Matthews has an interest in Matthews (Sussex) Limited