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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
Page
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Masterclass Properties Limited Company Information for the year ended 30 November 2023
Director
Irfan Ayub Patel
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
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Masterclass Properties Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,689 
19,250 
Current assets
Debtors
41,599 
- 
Cash at bank and in hand
328,396 
202,365 
369,995 
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)
Capital and reserves
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
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Masterclass Properties Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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 
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Masterclass Properties Limited Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
41,599 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,295 
3,526 
Trade creditors
6,259 
1,312 
Taxes and social security
2,475 
4,466 
Other creditors
535,235 
273,108 
Accruals
7,200 
5,400 
558,464 
287,812 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,333 
20,000 
8
Average number of employees
During the year the average number of employees was 20 (2022: 15).
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