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REGISTERED NUMBER: 11765619 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MASONS PROPERTY MANAGEMENT LTD

MASONS PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 11765619)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MASONS PROPERTY MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: M P Mason





REGISTERED OFFICE: 10 Cheviot Close
Hemsworth
Pontefract
West Yorkshire
WF9 4SS





REGISTERED NUMBER: 11765619 (England and Wales)





ACCOUNTANTS: K L King Accountants
Chartered Accountants
39 Kirkby Road
Hemsworth
Pontefract
West Yorkshire
WF9 4BA

MASONS PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 11765619)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80 119
Investment property 5 180,000 245,761
180,080 245,880

CURRENT ASSETS
Debtors - 484
Cash at bank and in hand 10,998 5,652
10,998 6,136
CREDITORS
Amounts falling due within one year 86,022 103,056
NET CURRENT LIABILITIES (75,024 ) (96,920 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,056

148,960

CREDITORS
Amounts falling due after more than one
year

6

(121,797

)

(177,214

)

PROVISIONS FOR LIABILITIES 7 (3,073 ) -
NET LIABILITIES (19,814 ) (28,254 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 (19,815 ) (28,255 )
SHAREHOLDERS' FUNDS (19,814 ) (28,254 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

MASONS PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 11765619)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 October 2024 and were signed by:





M P Mason - Director


MASONS PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 11765619)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Masons Property Management Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable. The company is not registered for VAT.

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

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.

Going concern
Although current liabilities exceed current assets at the balance sheet date, the accounts have been prepared on a going concern basis because in the opinion of the director, the company will have sufficient funds available for the company's operations to continue for the foreseeable future, due to his continuing support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MASONS PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 11765619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 400
DEPRECIATION
At 1 February 2023 281
Charge for year 39
At 31 January 2024 320
NET BOOK VALUE
At 31 January 2024 80
At 31 January 2023 119

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 245,761
Disposals (81,933 )
Revaluations 16,172
At 31 January 2024 180,000
NET BOOK VALUE
At 31 January 2024 180,000
At 31 January 2023 245,761

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 16,172
Cost 163,828
180,000

If investment property had not been revalued it would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 163,828 -

Investment property was valued on an open market basis on 31 January 2024 by the director .

MASONS PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 11765619)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.1.24 31.1.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 121,797 177,214

7. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 3,073 -

Deferred
tax
£   
Tax on revalued properties 3,073
Balance at 31 January 2024 3,073

8. RESERVES
Retained
earnings
£   

At 1 February 2023 (28,255 )
Profit for the year 8,440
At 31 January 2024 (19,815 )

Retained earnings includes an adjustment of £13,099, which is non-distributable, representing the surplus on revaluation of investment properties, less a provision for taxation which would arise if the properties were sold at their valuation.