Company registration number 12276858 (England and Wales)
MASSON PAPER LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022
PAGES FOR FILING WITH REGISTRAR
MASSON PAPER LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MASSON PAPER LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2022
31 October 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
81,876
81,876
Current assets
Debtors
4
-
0
5,175
Cash at bank and in hand
-
0
1,762
-
0
6,937
Creditors: amounts falling due within one year
5
(20,255)
(26,363)
Net current liabilities
(20,255)
(19,426)
Total assets less current liabilities
61,621
62,450
Creditors: amounts falling due after more than one year
6
(62,292)
(67,077)
Net liabilities
(671)
(4,627)
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
(672)
(4,628)
Total equity
(671)
(4,627)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 member has 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 and delivered 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 24 November 2023
J I Spring
Director
Company registration number 12276858 (England and Wales)
MASSON PAPER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022
- 2 -
1
Accounting policies
Company information

Masson Paper Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB.

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, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives. Depreciation has not yet commenced as the assets are still being brought to use,

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.

 

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
1
1
MASSON PAPER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2022
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2021 and 31 October 2022
81,876
Depreciation and impairment
At 1 November 2021 and 31 October 2022
-
0
Carrying amount
At 31 October 2022
81,876
At 31 October 2021
81,876
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
-
0
5,175
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
9,833
10,648
Trade creditors
145
7,897
Amounts owed to group undertakings
-
0
4,037
Other creditors
10,277
3,781
20,255
26,363
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
32,792
37,577
Other creditors
29,500
29,500
62,292
67,077
7
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
2022-10-312021-11-01falseCCH SoftwareCCH Accounts Production 2023.300No description of principal activityJ I Springfalse122768582021-11-012022-10-31122768582022-10-31122768582021-10-3112276858core:OtherPropertyPlantEquipment2022-10-3112276858core:OtherPropertyPlantEquipment2021-10-3112276858core:CurrentFinancialInstrumentscore:WithinOneYear2022-10-3112276858core:CurrentFinancialInstrumentscore:WithinOneYear2021-10-3112276858core:Non-currentFinancialInstrumentscore:AfterOneYear2022-10-3112276858core:Non-currentFinancialInstrumentscore:AfterOneYear2021-10-3112276858core:CurrentFinancialInstruments2022-10-3112276858core:CurrentFinancialInstruments2021-10-3112276858core:Non-currentFinancialInstruments2022-10-3112276858core:Non-currentFinancialInstruments2021-10-3112276858core:ShareCapital2022-10-3112276858core:ShareCapital2021-10-3112276858core:RetainedEarningsAccumulatedLosses2022-10-3112276858core:RetainedEarningsAccumulatedLosses2021-10-3112276858bus:Director12021-11-012022-10-31122768582020-11-012021-10-3112276858core:OtherPropertyPlantEquipment2021-10-3112276858core:WithinOneYear2022-10-3112276858core:WithinOneYear2021-10-3112276858bus:PrivateLimitedCompanyLtd2021-11-012022-10-3112276858bus:SmallCompaniesRegimeForAccounts2021-11-012022-10-3112276858bus:FRS1022021-11-012022-10-3112276858bus:AuditExemptWithAccountantsReport2021-11-012022-10-3112276858bus:FullAccounts2021-11-012022-10-31xbrli:purexbrli:sharesiso4217:GBP