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REGISTERED NUMBER: 08821076 (England and Wales)













Unaudited Financial Statements

FOR THE PERIOD

1 July 2022 to 31 December 2023

for

MASON OWEN (SPECIALIST RISKS) LIMITED

MASON OWEN (SPECIALIST RISKS) LIMITED (REGISTERED NUMBER: 08821076)






Contents of the Financial Statements
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MASON OWEN (SPECIALIST RISKS) LIMITED

Company Information
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023







Director: Mr A Gibbons





Registered office: 20 Chapel Street
Liverpool
L3 9AG





Registered number: 08821076 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

MASON OWEN (SPECIALIST RISKS) LIMITED (REGISTERED NUMBER: 08821076)

Balance Sheet
31 DECEMBER 2023

31.12.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,981

CURRENT ASSETS
Debtors 5 155,000 162,793
Cash at bank 1,240 36,413
156,240 199,206
CREDITORS
Amounts falling due within one year 6 156,134 57,591
NET CURRENT ASSETS 106 141,615
TOTAL ASSETS LESS CURRENT
LIABILITIES

106

143,596

PROVISIONS FOR LIABILITIES 7 - 495
NET ASSETS 106 143,101

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 6 143,001
SHAREHOLDERS' FUNDS 106 143,101

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

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

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 31 December 2024 and were signed by:





Mr A Gibbons - Director


MASON OWEN (SPECIALIST RISKS) LIMITED (REGISTERED NUMBER: 08821076)

Notes to the Financial Statements
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Mason Owen (Specialist Risks) 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 recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and does not include the VAT as the firm is not registered for VAT and is net of other sales related taxes.

Turnover comprises revenue by the company in relation to commission or fees in lieu of commission relating to insurance premiums finalised with insurers and confirmed by the client within the accounting period and is recognised at the point the policy is agreed with the client. Commission on returns, additional premiums and adjustments are brought into the accounts when these occur. Profit shares from insurance companies are recognised on a received basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% straight line
Computer equipment - 25% straight line

Taxation
Taxation for the period 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.

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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2022 - 5 ) .

MASON OWEN (SPECIALIST RISKS) LIMITED (REGISTERED NUMBER: 08821076)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 2,303 2,522 4,825
Additions 281 159 440
Disposals (2,584 ) (2,681 ) (5,265 )
At 31 December 2023 - - -
DEPRECIATION
At 1 July 2022 637 2,207 2,844
Charge for period 599 648 1,247
Eliminated on disposal (1,236 ) (2,855 ) (4,091 )
At 31 December 2023 - - -
NET BOOK VALUE
At 31 December 2023 - - -
At 30 June 2022 1,666 315 1,981

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.6.22
£    £   
Trade debtors - 160,101
Other debtors 155,000 2,692
155,000 162,793

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.6.22
£    £   
Trade creditors - 1,279
Amounts owed to group undertakings 152,804 7,702
Taxation and social security 3,330 29,175
Other creditors - 19,435
156,134 57,591

7. PROVISIONS FOR LIABILITIES
31.12.23 30.6.22
£    £   
Deferred tax - 495

Deferred
tax
£   
Balance at 1 July 2022 495
Provided during period (495 )
Balance at 31 December 2023 -

MASON OWEN (SPECIALIST RISKS) LIMITED (REGISTERED NUMBER: 08821076)

Notes to the Financial Statements - continued
FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 30.6.22
value: £    £   
100 Ordinary £1 100 100