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REGISTERED NUMBER: 11054567 (England and Wales)















Mase Capital Limited

Financial Statements

for the Year Ended 31 March 2023






Mase Capital Limited (Registered number: 11054567)

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


Mase Capital Limited

Company Information
for the year ended 31 March 2023







Directors: T A Width
B A Width





Registered office: Holmwood Bishopsgate Road
Englefield Green
Egham
TW20 0YJ





Registered number: 11054567 (England and Wales)






Mase Capital Limited (Registered number: 11054567)

Balance Sheet
31 March 2023

2023 2022
Notes £ £
Current assets
Debtors 4 142 128
Cash at bank 76 858
218 986
Creditors
Amounts falling due within one year 5 48,520 26,309
Net current liabilities (48,302 ) (25,323 )
Total assets less current liabilities (48,302 ) (25,323 )

Creditors
Amounts falling due after more than one
year

6

9,904

11,479
Net liabilities (58,206 ) (36,802 )

Capital and reserves
Called up share capital 7 100 100
Retained earnings 8 (58,306 ) (36,902 )
Shareholders' funds (58,206 ) (36,802 )

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.

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 10 September 2023 and were signed on its behalf by:





T A Width - Director


Mase Capital Limited (Registered number: 11054567)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

Mase Capital 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.

Going concern
These financial statements have been prepared on a going concern basis.

The current economic conditions present increased risks for all businesses. In response to such conditions, the directors have carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

The directors' continue to offer financial support to ensure the company is able to meet its working capital requirements for the foreseeable future.

Financial instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments in full.

Financial assets / liabilities - classified as basic financial instruments

(i) Cash and cash equivalents
This includes cash in hand, deposits held with banks.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs.
Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.
At the end of each reporting period, the Company assesses whether there is objective evidence that a receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.
The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

(iii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price including any transaction costs.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Debtors: amounts falling due within one year
2023 2022
£ £
VAT 142 128

Mase Capital Limited (Registered number: 11054567)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


5. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 1,600 1,520
Trade creditors 3,025 8,044
Directors' current accounts 43,895 16,745
48,520 26,309

6. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans - 1-2 years 1,600 1,570
Bank loans - 2-5 years 4,800 4,500
Bank loans more 5 yr by instal 3,504 5,409
9,904 11,479

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,504 5,409

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

8. Reserves
Retained
earnings
£

At 1 April 2022 (36,902 )
Deficit for the year (21,404 )
At 31 March 2023 (58,306 )

9. Related party disclosures

At the balance sheet date, the company owed the directors £43,895. (2022: £16,745). This loan is interest free and repayable on demand.

10. Ultimate controlling party

The controlling party is T A Width.