Registration number:
Matrix Heritage (No.10) Limited
for the Year Ended 30 April 2019
Matrix Heritage (No.10) Limited
Contents
Statement of Financial Position |
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Notes to the Financial Statements |
Matrix Heritage (No.10) Limited
(Registration number: 03460156)
Statement of Financial Position as at 30 April 2019
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2019 |
2018 |
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Fixed assets |
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Other financial assets |
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46,415 |
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Current assets |
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Debtors |
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- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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( |
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Shareholder funds |
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For the financial year ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.
Approved and authorised by the
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Director
Page 1 |
Matrix Heritage (No.10) Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
United Kingdom
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A- 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Page 2 |
Matrix Heritage (No.10) Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Income Statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
Classification
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Page 3 |
Matrix Heritage (No.10) Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
Other financial assets (current and non-current) |
Financial assets at cost less impairment |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 May 2018 |
46,416 |
46,416 |
Revaluations |
61,918 |
61,918 |
Disposals |
(108,334) |
(108,334) |
At 30 April 2019 |
- |
- |
Impairment |
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Carrying amount |
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At 30 April 2019 |
- |
- |
Details of undertakings
The company is a partner in the Serviced Land Fund No. 1 LP with an initial investment of £40,000, At the year end the investment had a value of £Nil (2017 £Nil).
The company is also a partner in the Serviced Land Fund No. 2 LP with an initial investment of £70,000. During the year the assets within the fund were sold and the investment is expected to realise £108,334 in distributions post year end. At the previous year end the investment was valued at £46,416.
The changes in the net asset statement are based on the company's share of taxable trading profits and losses and other taxable income from the partnerships during the year.
Debtors |
2019 |
2018 |
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Other debtors |
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- |
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- |
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Matrix Heritage (No.10) Limited
Notes to the Financial Statements for the Year Ended 30 April 2019
Creditors |
Creditors: amounts falling due within one year
Note |
2019 |
2018 |
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Due within one year |
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Bank loans and overdrafts |
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- |
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Accruals and deferred income |
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Loans and borrowings |
2019 |
2018 |
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Current loans and borrowings |
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Bank overdrafts |
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