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REGISTERED NUMBER: 03209276 (England and Wales)











MASA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






MASA LIMITED (REGISTERED NUMBER: 03209276)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 7

MASA LIMITED

COMPANY INFORMATION
for the year ended 30 June 2023







DIRECTOR: S M Soto Del Castillo





SECRETARY: Mrs M D C Andre Vega





REGISTERED OFFICE: 5 Charlotte Mews
North Kensington
London
W10 6UJ





REGISTERED NUMBER: 03209276 (England and Wales)





ACCOUNTANTS: Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

MASA LIMITED (REGISTERED NUMBER: 03209276)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,451 50,984

CURRENT ASSETS
Debtors 5 1,000 4,984
Cash at bank 53,289 4,316
54,289 9,300
CREDITORS
Amounts falling due within one year 6 46,977 21,929
NET CURRENT ASSETS/(LIABILITIES) 7,312 (12,629 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,763

38,355

CREDITORS
Amounts falling due after more than one
year

7

27,542

36,793
NET ASSETS 25,221 1,562

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 25,219 1,560
SHAREHOLDERS' FUNDS 25,221 1,562

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MASA LIMITED (REGISTERED NUMBER: 03209276)

BALANCE SHEET - continued
30 June 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 February 2024 and were signed by:





S M Soto Del Castillo - Director


MASA LIMITED (REGISTERED NUMBER: 03209276)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2023

1. STATUTORY INFORMATION

MASA 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

MASA LIMITED (REGISTERED NUMBER: 03209276)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 199,447 6,507 28,995 13,754 248,703
Additions 11,261 - - - 11,261
At 30 June 2023 210,708 6,507 28,995 13,754 259,964
DEPRECIATION
At 1 July 2022 179,629 6,507 1,208 10,375 197,719
Charge for year 7,770 - 7,249 1,775 16,794
At 30 June 2023 187,399 6,507 8,457 12,150 214,513
NET BOOK VALUE
At 30 June 2023 23,309 - 20,538 1,604 45,451
At 30 June 2022 19,818 - 27,787 3,379 50,984

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022
and 30 June 2023 28,995
DEPRECIATION
At 1 July 2022 1,208
Charge for year 7,249
At 30 June 2023 8,457
NET BOOK VALUE
At 30 June 2023 20,538
At 30 June 2022 27,787

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,182
Other debtors 1,000 3,802
1,000 4,984

MASA LIMITED (REGISTERED NUMBER: 03209276)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,805 3,906
Trade creditors 8,411 5,154
Taxation and social security 27,136 2,037
Other creditors 8,625 10,832
46,977 21,929

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 14,732 16,376
Other creditors 12,810 20,417
27,542 36,793

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as both S M Sol Del Castillo and Mrs M D C Andre Vega hold 50% of the share capital.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MASA LIMITED

The following reproduces the text of the report prepared for the director 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 director 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 MASA Limited for the year ended 30 June 2023 which comprise the Statement of income and retained earnings, 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 director of MASA Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MASA Limited and state those matters that we have agreed to state to the director of MASA Limited 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 MASA Limited and its director for our work or for this report.

It is your duty to ensure that MASA 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 MASA Limited. You consider that MASA 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 MASA 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.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


9 February 2024