IRIS Accounts Production v23.3.0.418 02822535 director 1.1.22 31.12.22 31.12.22 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028225352021-12-31028225352022-12-31028225352022-01-012022-12-31028225352020-12-31028225352021-01-012021-12-31028225352021-12-3102822535ns10:Originalns15:EnglandWales2022-01-012022-12-3102822535ns14:PoundSterlingns10:Original2022-01-012022-12-3102822535ns10:Originalns10:Director12022-01-012022-12-3102822535ns10:Original2022-01-012022-12-3102822535ns10:Original2022-12-3102822535ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-3102822535ns10:Originalns10:SmallEntities2022-01-012022-12-3102822535ns10:Originalns10:AuditExempt-NoAccountantsReport2022-01-012022-12-3102822535ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3102822535ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-3102822535ns10:Originalns10:FullAccounts2022-01-012022-12-3102822535ns10:Originalns10:RegisteredOffice2022-01-012022-12-3102822535ns10:Original2021-12-3102822535ns10:Originalns5:CurrentFinancialInstruments2022-12-3102822535ns10:Originalns5:CurrentFinancialInstruments2021-12-3102822535ns5:ShareCapitalns10:Original2022-12-3102822535ns5:ShareCapitalns10:Original2021-12-3102822535ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3102822535ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2021-12-3102822535ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3102822535ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-3102822535ns10:Original2021-01-012021-12-3102822535ns10:Originalns5:PlantMachinery2021-12-3102822535ns10:Originalns5:PlantMachinery2022-01-012022-12-3102822535ns10:Originalns5:PlantMachinery2022-12-3102822535ns10:Originalns5:PlantMachinery2021-12-3102822535ns10:Original2021-12-3102822535ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3102822535ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-3102822535ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2021-12-31
REGISTERED NUMBER: 02822535 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Masterplus Limited

Masterplus Limited (Registered number: 02822535)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Masterplus Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: F Mokaiesh





REGISTERED OFFICE: Swan House
9 Queens Road
Brentwood
Essex
CM14 4HE





REGISTERED NUMBER: 02822535 (England and Wales)





ACCOUNTANTS: Tiffin Green Limited
Swan House, 9 Queens Road
Brentwood
Essex
CM14 4HE

Masterplus Limited (Registered number: 02822535)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 912 1,064
Investment property 5 9,292,500 8,815,800
9,293,412 8,816,864

CURRENT ASSETS
Debtors 6 44,292 2,451
Cash at bank and in hand 151,664 111,926
195,956 114,377
CREDITORS
Amounts falling due within one year 7 2,013,448 1,975,887
NET CURRENT LIABILITIES (1,817,492 ) (1,861,510 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,475,920

6,955,354

PROVISIONS FOR LIABILITIES 344,755 254,182
NET ASSETS 7,131,165 6,701,172

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 8 6,565,863 6,276,223
Retained earnings 564,302 423,949
7,131,165 6,701,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Masterplus Limited (Registered number: 02822535)

Balance Sheet - continued
31 December 2022


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 27 November 2023 and were signed by:





F Mokaiesh - Director


Masterplus Limited (Registered number: 02822535)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Masterplus 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 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.

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.

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 (2021 - 2 ) .

Masterplus Limited (Registered number: 02822535)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 4,440
Exchange differences 240
At 31 December 2022 4,680
DEPRECIATION
At 1 January 2022 3,376
Charge for year 216
Exchange differences 176
At 31 December 2022 3,768
NET BOOK VALUE
At 31 December 2022 912
At 31 December 2021 1,064

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022 10,139,105
Exchange differences 575,339
At 31 December 2022 10,714,444
DEPRECIATION
At 1 January 2022 1,323,305
Exchange differences 98,639
At 31 December 2022 1,421,944
NET BOOK VALUE
At 31 December 2022 9,292,500
At 31 December 2021 8,815,800

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other debtors 44,292 2,451

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 16,384 21,814
Taxation and social security 24,060 33,913
Other creditors 1,973,004 1,920,160
2,013,448 1,975,887

Masterplus Limited (Registered number: 02822535)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. RESERVES
Fair
value
reserve
£   
At 1 January 2022 6,276,223
Exchange rate difference 289,640

At 31 December 2022 6,565,863