Registration number:
Matrix Heritage (No.10) Limited
for the Year Ended 30 April 2018
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 2018
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2018 |
2017 |
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Fixed assets |
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Other financial assets |
46,415 |
59,357 |
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Current assets |
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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 2018 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
.........................................
Mr B Abrams
Director
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Matrix Heritage (No.10) Limited
Notes to the Financial Statements for the Year Ended 30 April 2018
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.
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
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Matrix Heritage (No.10) Limited
Notes to the Financial Statements for the Year Ended 30 April 2018
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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 2017 |
38,858 |
38,858 |
At 30 April 2018 |
38,858 |
38,858 |
Impairment |
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At 1 May 2017 |
(20,499) |
(20,499) |
Other adjustments |
12,942 |
12,942 |
At 30 April 2018 |
(7,557) |
(7,557) |
Carrying amount |
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At 30 April 2018 |
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46,415 |
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. At the year end the investment was valued at £46,415 (2017: £59,357).
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.
Creditors |
Note |
2018 |
2017 |
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Due within one year |
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Other creditors |
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