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REGISTERED NUMBER: 13678909 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MASTERSTART HOLDINGS LIMITED

MASTERSTART HOLDINGS LIMITED (REGISTERED NUMBER: 13678909)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


MASTERSTART HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr J D Hemson-Struthers
Mr B Pike





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 13678909 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

MASTERSTART HOLDINGS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
MASTERSTART HOLDINGS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 29 February 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ


29 November 2024

MASTERSTART HOLDINGS LIMITED (REGISTERED NUMBER: 13678909)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 -

CURRENT ASSETS
Debtors 5 175,198 174,446
Cash at bank 19 -
175,217 174,446
CREDITORS
Amounts falling due within one year 6 3,648 2,166
NET CURRENT ASSETS 171,569 172,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,571

172,280

CAPITAL AND RESERVES
Called up share capital 7 114 114
Share premium 8 179,986 179,986
Retained earnings 8 (8,529 ) (7,820 )
SHAREHOLDERS' FUNDS 171,571 172,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MASTERSTART HOLDINGS LIMITED (REGISTERED NUMBER: 13678909)

BALANCE SHEET - continued
29 FEBRUARY 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 Income Statement for the year ended 29 February 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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Mr J D Hemson-Struthers - Director


MASTERSTART HOLDINGS LIMITED (REGISTERED NUMBER: 13678909)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Masterstart Holdings 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
Additions 2
At 29 February 2024 2
NET BOOK VALUE
At 29 February 2024 2

Investments are made up of shares in Masterstart International Limited and Masterstart (Pty) Ltd in South Africa.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 1,908 -
Other debtors 173,290 174,446
175,198 174,446

MASTERSTART HOLDINGS LIMITED (REGISTERED NUMBER: 13678909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 1,907 486
Other creditors 61 -
Accruals and deferred income 1,680 1,680
3,648 2,166

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
11,364 Ordinary £0.01 1p 114 114

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 March 2023 (7,820 ) 179,986 172,166
Deficit for the year (709 ) (709 )
At 29 February 2024 (8,529 ) 179,986 171,457

9. RELATED PARTY DISCLOSURES

Included under debtors is an amount of £143,190 (2023 £144,346) owed from Masterstart (Pty) Ltd, a subsidary of Masterstart Holdings Limited.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the company directors.

11. TAXATION

The Company has carried forward losses of £8,529 (2023: £7,820) which it can use against future taxable profit.