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REGISTERED NUMBER: NI664287 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

MasterSeries Holdings Limited

MasterSeries Holdings Limited (Registered number: NI664287)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MasterSeries Holdings Limited

Company Information
for the year ended 30 September 2023







DIRECTOR: M E O'Gara





SECRETARY:





REGISTERED OFFICE: Suite 5 Ormeau House
91-97 Ormeau Road
Belfast
Co. Antrim





REGISTERED NUMBER: NI664287 (Northern Ireland)





ACCOUNTANTS: Cleaver Black
Chartered Accountants
Suite 5 Ormeau House
91-97 Ormeau Road
Belfast
Co. Antrim
BT7 1SH

MasterSeries Holdings Limited (Registered number: NI664287)

Balance Sheet
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,654,732 1,877,842

CURRENT ASSETS
Debtors 5 - 264,729
Cash in hand 129 100
129 264,829
CREDITORS
Amounts falling due within one year 6 (803,292 ) (1,293,021 )
NET CURRENT LIABILITIES (803,163 ) (1,028,192 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

851,569

849,650

CAPITAL AND RESERVES
Called up share capital 130 100
Retained earnings 851,439 849,550
851,569 849,650

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2023 and were signed by:





M E O'Gara - Director


MasterSeries Holdings Limited (Registered number: NI664287)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

MasterSeries Holdings Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2022 - NIL).

MasterSeries Holdings Limited (Registered number: NI664287)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 2,231,100
AMORTISATION
At 1 October 2022 353,258
Charge for year 223,110
At 30 September 2023 576,368
NET BOOK VALUE
At 30 September 2023 1,654,732
At 30 September 2022 1,877,842

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 264,729

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 11,853 -
Other creditors 791,439 1,293,021
803,292 1,293,021