Company Registration No. 4708452 (England and Wales)
Gas Matters Limited
Annual report and unaudited financial statements
for the year ended 31 December 2022
Gas Matters Limited
Contents
Page
Director's report
1
Statement of financial position
2
Notes to the financial statements
3 - 4
Gas Matters Limited
Director's report
For the year ended 31 December 2022
Page 1
The director presents his annual report and financial statements for the year ended 31 December 2022.
Principal activities
The company did not trade during the year.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
Patrick Breen
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Patrick Breen
Director
25 April 2023
Gas Matters Limited
Statement of financial position
As at 31 December 2022
Page 2
2022
2021
Notes
£
£
Total assets less current liabilities
Capital and reserves
Called up share capital
4
100
100
Share premium account
44,900
44,900
Profit and loss reserves
(45,000)
(45,000)
Total equity
For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 25 April 2023
Patrick Breen
Director
Company Registration No. 4708452
Gas Matters Limited
Notes to the financial statements
For the year ended 31 December 2022
Page 3
1
Accounting policies
Company information
Gas Matters Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 St Bride Street, London, EC4A 4AD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
2
Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Gas Matters Limited
Notes to the financial statements (continued)
For the year ended 31 December 2022
Page 4
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
1
1
4
Called up share capital
2022
2021
£
£
Issued and fully paid
100 Ordinary shares of £1 each
100
100