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REGISTERED NUMBER: 11062205 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MASSA ESTATES LIMITED

MASSA ESTATES LIMITED (REGISTERED NUMBER: 11062205)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MASSA ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr N R Smith
Mrs P T Tarelli-Smith





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 11062205 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

MASSA ESTATES LIMITED (REGISTERED NUMBER: 11062205)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Investment property 4 - 820,000

CURRENT ASSETS
Debtors 5 50,000 -
Cash at bank 217,583 5,510
267,583 5,510
CREDITORS
Amounts falling due within one year 6 (257,163 ) (504,599 )
NET CURRENT ASSETS/(LIABILITIES) 10,420 (499,089 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,420 320,911

CREDITORS
Amounts falling due after more than one
year

7

-

(240,000

)

PROVISIONS FOR LIABILITIES 10 - (22,510 )
NET ASSETS 10,420 58,401

CAPITAL AND RESERVES
Called up share capital 11 100 100
Other reserves 12 - 84,238
Retained earnings 12 10,320 (25,937 )
SHAREHOLDERS' FUNDS 10,420 58,401

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

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

MASSA ESTATES LIMITED (REGISTERED NUMBER: 11062205)

BALANCE SHEET - continued
31 MARCH 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 24 January 2025 and were signed on its behalf by:





Mr N R Smith - Director


MASSA ESTATES LIMITED (REGISTERED NUMBER: 11062205)

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


1. STATUTORY INFORMATION

Massa Estates 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 represents rent received.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 820,000
Disposals (820,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 820,000

Investment property was valued on an open market basis and the directors considers this to be the fair value at the balance sheet date.

MASSA ESTATES LIMITED (REGISTERED NUMBER: 11062205)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by related party 50,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) - 482,475
Taxation 12,530 -
Directors' current accounts 243,133 20,624
Accruals and deferred income 1,500 1,500
257,163 504,599

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' loan accounts - 240,000

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loan - 482,475

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans - 482,475

The bank loan is secured by a charge over the company's investment property.

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax - 22,510

MASSA ESTATES LIMITED (REGISTERED NUMBER: 11062205)

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


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 22,510
Provided during year (22,510 )
Balance at 31 March 2024 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 April 2023 (25,937 ) 84,238 58,301
Deficit for the year (47,981 ) (47,981 )
Fair value reserves 84,238 (84,238 ) -
At 31 March 2024 10,320 - 10,320