Company Registration No. 06434542 (England and Wales)
Masterclass Properties Limited
Unaudited accounts
for the year ended 30 November 2023
Masterclass Properties Limited
Unaudited accounts
Contents
Masterclass Properties Limited
Company Information
for the year ended 30 November 2023
Company Number
06434542 (England and Wales)
Registered Office
Masterclass Properties Ltd
471 Romford Road
London
London
E7 8AB
England
Accountants
ESJ Accountants Ltd
4 Raleigh House
Admirals Way
Canary Wharf
London
E14 9SN
Masterclass Properties Limited
Statement of financial position
as at 30 November 2023
Tangible assets
19,689
19,250
Cash at bank and in hand
328,396
202,365
Creditors: amounts falling due within one year
(558,464)
(287,812)
Net current liabilities
(188,469)
(85,447)
Total assets less current liabilities
(168,780)
(66,197)
Creditors: amounts falling due after more than one year
(17,333)
(20,000)
Net liabilities
(186,113)
(86,197)
Called up share capital
1
1
Profit and loss account
(186,114)
(86,198)
Shareholders' funds
(186,113)
(86,197)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 June 2024 and were signed on its behalf by
Irfan Ayub Patel
Director
Company Registration No. 06434542
Masterclass Properties Limited
Notes to the Accounts
for the year ended 30 November 2023
Masterclass Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 06434542. The registered office is Masterclass Properties Ltd, 471 Romford Road, London, London, E7 8AB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over the lease term
Plant & machinery
over 50 years
Fixtures & fittings
over 5 years
Computer equipment
over 5 years
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
17,138
1,450
21,043
15,638
55,269
Additions
-
-
-
5,361
5,361
At 30 November 2023
17,138
1,450
21,043
20,999
60,630
At 1 December 2022
10,316
1,324
16,669
7,710
36,019
Charge for the year
1,364
25
875
2,658
4,922
At 30 November 2023
11,680
1,349
17,544
10,368
40,941
At 30 November 2023
5,458
101
3,499
10,631
19,689
At 30 November 2022
6,822
126
4,374
7,928
19,250
Masterclass Properties Limited
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
6,259
1,312
Taxes and social security
2,475
4,466
Other creditors
535,235
273,108
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 20 (2022: 15).