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REGISTERED NUMBER: 12269837 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

MASSIENDA LTD

MASSIENDA LTD (REGISTERED NUMBER: 12269837)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MASSIENDA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Y Mass
A Mass





REGISTERED OFFICE: 49 Wolmer Gardens
Edgware
HA8 8QB





REGISTERED NUMBER: 12269837 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

MASSIENDA LTD (REGISTERED NUMBER: 12269837)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Investment property 4 1,658,205 1,637,484

CURRENT ASSETS
Debtors 5 500 5,500
Cash at bank 205,998 158,715
206,498 164,215
CREDITORS
Amounts falling due within one year 6 (1,285,098 ) (1,246,230 )
NET CURRENT LIABILITIES (1,078,600 ) (1,082,015 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

579,605

555,469

CREDITORS
Amounts falling due after more than one
year

7

(534,806

)

(534,806

)

PROVISIONS FOR LIABILITIES (11,844 ) (11,844 )
NET ASSETS 32,955 8,819

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 (62,335 ) (62,335 )
Retained earnings 11 95,288 71,152
SHAREHOLDERS' FUNDS 32,955 8,819

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

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

MASSIENDA LTD (REGISTERED NUMBER: 12269837)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 5 February 2025 and were signed on its behalf by:





Y Mass - Director


MASSIENDA LTD (REGISTERED NUMBER: 12269837)

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

1. STATUTORY INFORMATION

MASSIENDA 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net rent receivable, excluding value added tax.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 1,637,484
Additions 20,721
At 31 October 2024 1,658,205
NET BOOK VALUE
At 31 October 2024 1,658,205
At 31 October 2023 1,637,484

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2020 62,335
Cost 1,595,870
1,658,205

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 500 5,500

MASSIENDA LTD (REGISTERED NUMBER: 12269837)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Tax 20,371 5,978
Other creditors 1,257,220 1,234,545
Rent deposit 1,420 1,420
Directors' current accounts 1,647 1,647
Accrued expenses 4,440 2,640
1,285,098 1,246,230

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans (see note 8) 534,806 534,806

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 534,806 534,806

8. LOANS

An analysis of the maturity of loans is given below:

31.10.24 31.10.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 534,806 534,806

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 534,806 534,806

Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2 Ordinary £1 2 2

MASSIENDA LTD (REGISTERED NUMBER: 12269837)

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

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2023 71,152 (62,335 ) 8,817
Profit for the year 53,830 53,830
Dividends (29,694 ) (29,694 )
At 31 October 2024 95,288 (62,335 ) 32,953

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £29,694 (2023 - £39,222) were paid to the directors .

13. ULTIMATE CONTROLLING PARTY

The controlling party is Y Mass.