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REGISTERED NUMBER: 13318957 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Masy Properties Limited

Masy Properties Limited (Registered number: 13318957)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Masy Properties Limited (Registered number: 13318957)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £ £
Fixed assets
Tangible assets 4 800,000 729,678

Current assets
Cash at bank and in hand 13,605 4,711

Creditors
Amounts falling due within one year 5 (240,853 ) (231,748 )
Net current liabilities (227,248 ) (227,037 )
Total assets less current liabilities 572,752 502,641

Creditors
Amounts falling due after more than
one year

6

(517,460

)

(517,460

)

Provisions for liabilities 8 (14,064 ) -
Net assets/(liabilities) 41,228 (14,819 )

Capital and reserves
Called up share capital 100 100
Revaluation reserve 9 70,322 -
Retained earnings (29,194 ) (14,919 )
Shareholders' funds 41,228 (14,819 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Masy Properties Limited (Registered number: 13318957)

Balance Sheet - continued
30 April 2024


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 Board of Directors and authorised for issue on 31 December 2024 and were signed on its behalf by:




Yusuf Malik - Director



Ms Sumbal Shaheen - Director


Masy Properties Limited (Registered number: 13318957)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. Statutory information

Masy Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13318957

Registered office: Falcon House
257 Burlington Road
New Malden
Surrey
KT3 4NE

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 (2023 - NIL).

Masy Properties Limited (Registered number: 13318957)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. Tangible fixed assets
Freehold
property
£
Cost or valuation
At 1 May 2023 729,678
Revaluations 70,322
At 30 April 2024 800,000
Net book value
At 30 April 2024 800,000
At 30 April 2023 729,678

Cost or valuation at 30 April 2024 is represented by:

Freehold
property
£
Valuation in 2024 70,322
Cost 729,678
800,000

5. Creditors: amounts falling due within one year
30.4.24 30.4.23
£ £
Trade creditors (1 ) -
Other creditors 240,854 231,748
240,853 231,748

6. Creditors: amounts falling due after more than one year
30.4.24 30.4.23
£ £
Bank loans (see note 7) 517,460 517,460

7. Loans

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£ £
Amounts falling due between one and two years:
Bank loans > 1 year 517,460 517,460

Masy Properties Limited (Registered number: 13318957)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. Provisions for liabilities
30.4.24 30.4.23
£ £
Deferred tax
Other timing differences 14,064 -

Deferred tax
£
Provided during year 14,064
Balance at 30 April 2024 14,064

9. Reserves
Revaluation
reserve
£
Revaluation Reserves 70,322

At 30 April 2024 70,322