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Logo On Report
Registered Number: 11227674
England and Wales

 

 

 

MASOOD LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 28 February 2024
  2024   2023
    £ £   £ £
Fixed assets   3,512,411      2,241,683 
Current assets 196,249      1,065   
Creditors: amount falling due within one year (1,972,721)     (1,954,933)  
Net current assets   (1,776,472)     (1,953,868)
Total assets less current liabilities   1,735,939      287,815 
Creditors: amount falling due after more than one year   (1,799,956)     (300,336)
Net assets   (64,017)     (12,521)
 

         
Capital and reserves   (64,017)     (12,521)
 
NOTES TO THE ACCOUNTS

General Information
Masood Limited is a private company, limited by shares, registered in England and Wales, registration number 11227674, registration address 126 Marvels Lane, London, England, SE12 9PG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).

3.

Advances and Credits



Long Term Borrowings
At the year end the company has long term borrowings of £1,799,956

Current year (2024)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Long Term Borrowings 300,336 1,499,620 1,799,956 
300336149962000001799956
Previous year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
Long Term Borrowings 300,336 300,336 
03003360000300336
4.

Director’s loan

Director Loan Account.

At the year end a balance of £1,904,813  was Owed to the director.
The above balance is interest free with no fix date of repayment.

For the year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 10 January 2025 and were signed by:


--------------------------------
Masood Nasir
Director
1