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REGISTERED NUMBER: 02159320 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR


THE MASSEY PARTNERSHIP LIMITED


THE MASSEY PARTNERSHIP LIMITED (REGISTERED NUMBER: 02159320)








CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4




Chartered Accountants' Report  

7




THE MASSEY PARTNERSHIP LIMITED



COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2023









DIRECTORS:

N D P Massey


D C J Wilkinson







SECRETARY:

D C J Wilkinson







REGISTERED OFFICE:

Boyce's Building


40-42 Regent Street


Clifton


Bristol


BS8 4HU







REGISTERED NUMBER:

02159320 (England and Wales)







ACCOUNTANTS:

Lawes & Co.


Boyce's Building


Regent Street


Clifton


Bristol


BS8 4HU


THE MASSEY PARTNERSHIP LIMITED (REGISTERED NUMBER: 02159320)



BALANCE SHEET

31 OCTOBER 2023



31.10.23

31.10.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

1,130


1,031




CURRENT ASSETS

Debtors

5

8,375


5,354



Cash at bank

62,675


55,941



71,050


61,295



CREDITORS

Amounts falling due within one year

6

27,527


21,246



NET CURRENT ASSETS

43,523


40,049



TOTAL ASSETS LESS CURRENT

LIABILITIES

44,653


41,080




PROVISIONS FOR LIABILITIES

7

110


95



NET ASSETS

44,543


40,985




CAPITAL AND RESERVES

Called up share capital

8

120


120



Share premium

9

1,987


1,987



Capital redemption reserve

9

43


43



Retained earnings

9

42,393


38,835



SHAREHOLDERS' FUNDS

44,543


40,985




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 MASSEY PARTNERSHIP LIMITED (REGISTERED NUMBER: 02159320)



BALANCE SHEET - continued

31 OCTOBER 2023



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 8 January 2024 and were signed on its behalf by:






D C J Wilkinson - Director



THE MASSEY PARTNERSHIP LIMITED (REGISTERED NUMBER: 02159320)



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023


1.

STATUTORY INFORMATION



The Massey Partnership 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.  


Office equipment

-

25% on cost


Fixtures and fittings

-

25% on cost


Computer equipment

-

25% on cost



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.


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.


THE MASSEY PARTNERSHIP LIMITED (REGISTERED NUMBER: 02159320)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2023


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 1 (2022 - 1 ) .


4.

TANGIBLE FIXED ASSETS


Fixtures



Office


and


Computer



equipment


fittings


equipment


Totals

£   

£   

£   

£   



COST


At 1 November 2022

7,650


1,304


4,664


13,618




Additions

-


590


-


590




At 31 October 2023

7,650


1,894


4,664


14,208




DEPRECIATION


At 1 November 2022

7,650


1,304


3,633


12,587




Charge for year

-


147


344


491




At 31 October 2023

7,650


1,451


3,977


13,078




NET BOOK VALUE


At 31 October 2023

-


443


687


1,130




At 31 October 2022

-


-


1,031


1,031




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.10.23


31.10.22

£   

£   



Trade debtors

7,065


4,142




Prepayments

1,310


1,212



8,375


5,354




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.10.23


31.10.22

£   

£   



Trade creditors

1,100


1,100




Tax

16,993


8,368




VAT

5,596


7,180




Directors' current accounts

38


798




Accrued expenses

3,800


3,800



27,527


21,246




THE MASSEY PARTNERSHIP LIMITED (REGISTERED NUMBER: 02159320)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2023


7.

PROVISIONS FOR LIABILITIES


31.10.23


31.10.22

£   

£   



Deferred tax


Accelerated capital allowances

110


95





Deferred



tax


£   



Balance at 1 November 2022

95




Accelerated capital allowances

15




Balance at 31 October 2023

110




8.

CALLED UP SHARE CAPITAL




Nominal


31.10.22



31.10.23




Number:


Class:


Value


£      



£      




24


Ordinary A


£1


24



24




12


Ordinary B


£1


12



12




84


Ordinary D


£1


84



84






120



120





9.

RESERVES


Capital



Retained


Share


redemption



earnings


premium


reserve


Totals

£   

£   

£   

£   




At 1 November 2022

38,835


1,987


43


40,865




Profit for the year

63,308


63,308




Dividends

(59,750

)

(59,750

)



At 31 October 2023

42,393


1,987


43


44,423




10.

RELATED PARTY DISCLOSURES



The company maintains interest free loan accounts with the directors. At the balance sheet date, the company owed the directors £38 (2022: £798).


11.

ULTIMATE CONTROLLING PARTY



The ultimate controlling party is D C J Wilkinson.


CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

THE MASSEY PARTNERSHIP LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Massey Partnership Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.


As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.    


This report is made solely to the Board of Directors of The Massey Partnership Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Massey Partnership Limited and state those matters that we have agreed to state to the Board of Directors of The Massey Partnership Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Massey Partnership Limited and its Board of Directors, as a body, for our work or for this report.      


It is your duty to ensure that The Massey Partnership Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Massey Partnership Limited. You consider that The Massey Partnership Limited is exempt from the statutory audit requirement for the year.    


We have not been instructed to carry out an audit or a review of the financial statements of The Massey Partnership Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.    







Lawes & Co.

Boyce's Building

Regent Street

Clifton

Bristol

BS8 4HU



8 January 2024