IRIS Accounts Production v23.3.0.418 08463138 director 1.4.22 31.3.23 31.3.23 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084631382022-03-31084631382023-03-31084631382022-04-012023-03-31084631382021-03-31084631382021-04-012022-03-31084631382022-03-3108463138ns10:Originalns15:EnglandWales2022-04-012023-03-3108463138ns14:PoundSterlingns10:Original2022-04-012023-03-3108463138ns10:Originalns10:Director12022-04-012023-03-3108463138ns10:Original2022-04-012023-03-3108463138ns10:Original2023-03-3108463138ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3108463138ns10:Originalns10:SmallEntities2022-04-012023-03-3108463138ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3108463138ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108463138ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3108463138ns10:Originalns10:FullAccounts2022-04-012023-03-3108463138ns10:Originalns10:RegisteredOffice2022-04-012023-03-3108463138ns10:Original2022-03-3108463138ns10:Originalns5:CurrentFinancialInstruments2023-03-3108463138ns10:Originalns5:CurrentFinancialInstruments2022-03-3108463138ns5:ShareCapitalns10:Original2023-03-3108463138ns5:ShareCapitalns10:Original2022-03-3108463138ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3108463138ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3108463138ns10:Originalns5:PlantMachinery2022-04-012023-03-3108463138ns10:Originalns5:MotorVehicles2022-04-012023-03-3108463138ns10:Original2021-04-012022-03-3108463138ns10:Originalns5:LandBuildings2022-03-3108463138ns10:Originalns5:PlantMachinery2022-03-3108463138ns10:Originalns5:FurnitureFittings2022-03-3108463138ns10:Originalns5:MotorVehicles2022-03-3108463138ns10:Original2022-03-3108463138ns10:Originalns5:LandBuildings2022-04-012023-03-3108463138ns10:Originalns5:FurnitureFittings2022-04-012023-03-3108463138ns10:Originalns5:LandBuildings2023-03-3108463138ns10:Originalns5:PlantMachinery2023-03-3108463138ns10:Originalns5:FurnitureFittings2023-03-3108463138ns10:Originalns5:MotorVehicles2023-03-3108463138ns10:Originalns5:LandBuildings2022-03-3108463138ns10:Originalns5:PlantMachinery2022-03-3108463138ns10:Originalns5:FurnitureFittings2022-03-3108463138ns10:Originalns5:MotorVehicles2022-03-3108463138ns10:Originalns5:UnlistedNon-exchangeTradedns5:CostValuation2022-03-3108463138ns10:Originalns5:UnlistedNon-exchangeTraded2023-03-3108463138ns10:Originalns5:UnlistedNon-exchangeTraded2022-03-3108463138ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108463138ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 08463138 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Mass Hallucination Limited

Mass Hallucination Limited (Registered number: 08463138)






Contents of the Financial Statements
for the Year Ended 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mass Hallucination Limited

Company Information
for the Year Ended 31 MARCH 2023







DIRECTOR: R Del Naja





REGISTERED OFFICE: Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Herefordshire
EN6 1BW





REGISTERED NUMBER: 08463138 (England and Wales)





ACCOUNTANTS: The Greene Partnership LLP
Suite 2C, Brosnan House
175 Darkes Lane
Potters Bar
Hertfordshire
EN6 1BW

Mass Hallucination Limited (Registered number: 08463138)

Balance Sheet
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 444,978 344,575
Investments 5 40,100 40,100
485,078 384,675

CURRENT ASSETS
Debtors 6 104,802 147,737
Cash at bank 574,492 917,523
679,294 1,065,260
CREDITORS
Amounts falling due within one year 7 202,791 492,316
NET CURRENT ASSETS 476,503 572,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

961,581

957,619

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 961,481 957,519
SHAREHOLDERS' FUNDS 961,581 957,619

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 director acknowledges his 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 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 director and authorised for issue on 7 November 2023 and were signed by:





R Del Naja - Director


Mass Hallucination Limited (Registered number: 08463138)

Notes to the Financial Statements
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

Mass Hallucination 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.

Turnover
Turnover represents net invoiced fees, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Studio equipment - 20% on reducing balance
Motor bike - 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Mass Hallucination Limited (Registered number: 08463138)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Freehold Studio Motor
property equipment Artwork bike Totals
£    £    £    £    £   
COST
At 1 April 2022 101,211 156,274 200,084 2,882 460,451
Additions - 27,297 87,222 - 114,519
At 31 March 2023 101,211 183,571 287,306 2,882 574,970
DEPRECIATION
At 1 April 2022 - 113,548 - 2,328 115,876
Charge for year - 14,005 - 111 14,116
At 31 March 2023 - 127,553 - 2,439 129,992
NET BOOK VALUE
At 31 March 2023 101,211 56,018 287,306 443 444,978
At 31 March 2022 101,211 42,726 200,084 554 344,575

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2022
and 31 March 2023 40,100
NET BOOK VALUE
At 31 March 2023 40,100
At 31 March 2022 40,100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 95,000 145,844
Other debtors 720 1,893
PAYE recoverable 3,656 -
Prepayments 5,426 -
104,802 147,737

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 40,457 6,544
VAT 8,323 32,803
Directors' current accounts 121,064 107,689
Accrued expenses 32,947 345,280
202,791 492,316

Mass Hallucination Limited (Registered number: 08463138)

Notes to the Financial Statements - continued
for the Year Ended 31 MARCH 2023

8. ULTIMATE CONTROLLING PARTY

The controlling party is R Del Naja.