IRIS Accounts Production v24.2.0.383 04620843 director 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046208432022-12-31046208432023-12-31046208432023-01-012023-12-31046208432021-12-31046208432022-01-012022-12-31046208432022-12-3104620843ns14:PoundSterling2023-01-012023-12-3104620843ns10:Director12023-01-012023-12-3104620843ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104620843ns10:SmallEntities2023-01-012023-12-3104620843ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104620843ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104620843ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104620843ns10:FullAccounts2023-01-012023-12-3104620843ns10:CompanySecretary12023-01-012023-12-3104620843ns10:RegisteredOffice2023-01-012023-12-3104620843ns5:CurrentFinancialInstruments2023-12-3104620843ns5:CurrentFinancialInstruments2022-12-3104620843ns5:Non-currentFinancialInstruments2023-12-3104620843ns5:Non-currentFinancialInstruments2022-12-3104620843ns5:ShareCapital2023-12-3104620843ns5:ShareCapital2022-12-3104620843ns5:RetainedEarningsAccumulatedLosses2023-12-3104620843ns5:RetainedEarningsAccumulatedLosses2022-12-3104620843ns5:PlantMachinery2023-01-012023-12-3104620843ns5:FurnitureFittings2023-01-012023-12-3104620843ns5:ComputerEquipment2023-01-012023-12-3104620843ns5:PlantMachinery2022-12-3104620843ns5:FurnitureFittings2022-12-3104620843ns5:ComputerEquipment2022-12-3104620843ns5:PlantMachinery2023-12-3104620843ns5:FurnitureFittings2023-12-3104620843ns5:ComputerEquipment2023-12-3104620843ns5:PlantMachinery2022-12-3104620843ns5:FurnitureFittings2022-12-3104620843ns5:ComputerEquipment2022-12-31
REGISTERED NUMBER: 04620843















MASTWOOD PROPERTIES LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2023






MASTWOOD PROPERTIES LIMITED (Registered number: 04620843)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MASTWOOD PROPERTIES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S M Falck





SECRETARY: Mrs A E Falck





REGISTERED OFFICE: 1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ





REGISTERED NUMBER: 04620843





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

MASTWOOD PROPERTIES LIMITED (Registered number: 04620843)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,041 14,165
Investment property 5 425,297 425,297
437,338 439,462

CURRENT ASSETS
Cash at bank 4,770 6,685

CREDITORS
Amounts falling due within one year 6 6,075 6,160
NET CURRENT (LIABILITIES)/ASSETS (1,305 ) 525
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,033

439,987

CREDITORS
Amounts falling due after more than one
year

7

31,372

48,892
NET ASSETS 404,661 391,095

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 404,660 391,094
SHAREHOLDERS' FUNDS 404,661 391,095

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

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

MASTWOOD PROPERTIES LIMITED (Registered number: 04620843)

Balance Sheet - continued
31 December 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 director and authorised for issue on 9 September 2024 and were signed by:





S M Falck - Director


MASTWOOD PROPERTIES LIMITED (Registered number: 04620843)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

MASTWOOD PROPERTIES LIMITED is a private company, limited by shares , registered in Not specified/Other. 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 represents net rentals received, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

MASTWOOD PROPERTIES LIMITED (Registered number: 04620843)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 5,475 58,539 4,009 68,023
DEPRECIATION
At 1 January 2023 3,720 46,130 4,008 53,858
Charge for year 263 1,861 - 2,124
At 31 December 2023 3,983 47,991 4,008 55,982
NET BOOK VALUE
At 31 December 2023 1,492 10,548 1 12,041
At 31 December 2022 1,755 12,409 1 14,165

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 425,297
NET BOOK VALUE
At 31 December 2023 425,297
At 31 December 2022 425,297

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation 3,915 4,071
Other creditors 2,160 2,089
6,075 6,160

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 31,372 48,892