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REGISTERED NUMBER: 05637688 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MASCALL HOMES LIMITED

MASCALL HOMES LIMITED (REGISTERED NUMBER: 05637688)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MASCALL HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: T G Mascall
Mrs T M Mascall
T J Mascall





SECRETARY: Tayler Bradshaw Limited





REGISTERED OFFICE: Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX





REGISTERED NUMBER: 05637688 (England and Wales)





ACCOUNTANTS: Tayler Bradshaw
Cambridge House
16 High Street
Saffron Walden
Essex
CB10 1AX

MASCALL HOMES LIMITED (REGISTERED NUMBER: 05637688)

BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,434 70,773
Investment property 5 1,000,000 1,000,000
1,095,434 1,070,773

CURRENT ASSETS
Stocks 263,930 402,576
Debtors 6 950,387 76,283
Cash at bank 1,043,147 1,509,603
2,257,464 1,988,462
CREDITORS
Amounts falling due within one year 7 1,267,348 942,611
NET CURRENT ASSETS 990,116 1,045,851
TOTAL ASSETS LESS CURRENT LIABILITIES 2,085,550 2,116,624

CREDITORS
Amounts falling due after more than one
year

8

(93,511

)

(113,617

)

PROVISIONS FOR LIABILITIES (55,755 ) (55,755 )
NET ASSETS 1,936,284 1,947,252

CAPITAL AND RESERVES
Called up share capital 221 100
Retained earnings 1,936,063 1,947,152
SHAREHOLDERS' FUNDS 1,936,284 1,947,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

MASCALL HOMES LIMITED (REGISTERED NUMBER: 05637688)

BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 16 October 2023 and were signed on its behalf by:





T G Mascall - Director


MASCALL HOMES LIMITED (REGISTERED NUMBER: 05637688)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Mascall Homes 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 2 (2022 - 2 ) .

MASCALL HOMES LIMITED (REGISTERED NUMBER: 05637688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 143,079
Additions 61,113
Disposals (11,000 )
At 31 March 2023 193,192
DEPRECIATION
At 1 April 2022 72,306
Charge for year 31,811
Eliminated on disposal (6,359 )
At 31 March 2023 97,758
NET BOOK VALUE
At 31 March 2023 95,434
At 31 March 2022 70,773

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,000,000
NET BOOK VALUE
At 31 March 2023 1,000,000
At 31 March 2022 1,000,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2021 68,449
Valuation in 2022 225,000
Cost 706,551
1,000,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 2,916 -
Other debtors 947,471 76,283
950,387 76,283

MASCALL HOMES LIMITED (REGISTERED NUMBER: 05637688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 9,036 7,955
Hire purchase contracts 9,990 13,728
Taxation and social security 14,122 1,596
Other creditors 1,234,200 919,332
1,267,348 942,611

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans 73,531 83,647
Hire purchase contracts 19,980 29,970
93,511 113,617

9. RELATED PARTY DISCLOSURES

The company has no ultimate controlling party.