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Registered number: 00783520










MASON CRAWFORD (HOLDINGS) LIMITED








UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
MASON CRAWFORD (HOLDINGS) LIMITED
 

CONTENTS



Page
Directors' report
 
1
Chartered accountants' report
 
2
Consolidated profit and loss account
 
3
Consolidated balance sheet
 
4 - 5
Company balance sheet
 
6 - 7
Notes to the financial statements
 
8 - 16


 
MASON CRAWFORD (HOLDINGS) LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Principal activity

The principal activity of the company is the provision of management services to its subsidiaries.

Directors

The directors who served during the year were:

B.J. Snaddon 
A.C. Snaddon 
M.J. Snaddon 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 7 April 2025 and signed on its behalf.
 





M.J. Snaddon
Director

Page 1

 
MASON CRAWFORD (HOLDINGS) LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MASON CRAWFORD (HOLDINGS) LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mason Crawford (Holdings) Limited for the year ended 31 December 2024 which comprise the consolidated profit and loss account, the consolidated balance sheet, the company balance sheet and the related notes from the group's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the board of directors of Mason Crawford (Holdings) Limited, as a body, in accordance with the terms of our engagement letter dated 11 February 2025Our work has been undertaken solely to prepare for your approval the financial statements of Mason Crawford (Holdings) Limited and state those matters that we have agreed to state to the board of directors of Mason Crawford (Holdings) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mason Crawford (Holdings) Limited and its board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Mason Crawford (Holdings) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mason Crawford (Holdings) Limited. You consider that Mason Crawford (Holdings) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Mason Crawford (Holdings) Limited. 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 statutory financial statements.

  



MHA
Chartered Accountants
Rutland House
148 Edmund Street
Birmingham
B3 2FD
17 April 2025
MHA is the trading name of MHA Advisory Ltd, a limited company registered in England and Wales (company registration number 16233746)
Page 2

 
MASON CRAWFORD (HOLDINGS) LIMITED
 
 
CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2023
£
£

  

Turnover
  
1,554,653
1,789,204

Cost of sales
  
(1,290,961)
(1,454,619)

Gross profit
  
263,692
334,585

Administrative expenses
  
(221,249)
289,365

Operating profit
  
42,443
623,950

Interest receivable and similar income
  
29,334
13,008

Profit before tax
  
71,777
636,958

Tax on profit
  
(13,867)
(90,138)

Profit after tax
  
57,910
546,820

  

  

Retained earnings at the beginning of the year
  
3,646,733
3,165,433

Profit for the year attributable to the owners of the parent
  
57,910
546,820

Dividends declared and paid
  
(42,500)
(65,520)

Retained earnings at the end of the year
  
3,662,143
3,646,733

  

Included in retained earnings is £109,277 (2023: £109,277) of profits which are not available for distribution as they are unrealised.

The notes on pages 8 to 16 form part of these financial statements.

Page 3

 
MASON CRAWFORD (HOLDINGS) LIMITED
REGISTERED NUMBER: 00783520

CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
358,593
384,413

Investments
 5 
6,429
6,429

Investment property
 6 
1,390,000
1,390,000

  
1,755,022
1,780,842

Current assets
  

Stocks
  
373,267
292,995

Debtors: amounts falling due within one year
 7 
172,074
294,554

Cash at bank and in hand
  
1,628,458
1,700,889

  
2,173,799
2,288,438

Creditors: amounts falling due within one year
 8 
(221,985)
(372,751)

Net current assets
  
 
 
1,951,814
 
 
1,915,687

Total assets less current liabilities
  
3,706,836
3,696,529

Provisions for liabilities
  

Deferred taxation
  
(34,693)
(39,796)

Net assets
  
3,672,143
3,656,733


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
3,662,143
3,646,733

  
3,672,143
3,656,733


Page 4

 
MASON CRAWFORD (HOLDINGS) LIMITED
REGISTERED NUMBER: 00783520
    
CONSOLIDATED BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 April 2025.


M.J. Snaddon
Director

The notes on pages 8 to 16 form part of these financial statements.

Page 5

 
MASON CRAWFORD (HOLDINGS) LIMITED
REGISTERED NUMBER: 00783520

COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
250,433
255,780

Investments
 5 
22,311
22,311

Investment property
 6 
1,390,000
1,390,000

  
1,662,744
1,668,091

Current assets
  

Debtors: amounts falling due within one year
 7 
10,562
9,663

Cash at bank and in hand
  
1,186,657
1,261,390

  
1,197,219
1,271,053

Creditors: amounts falling due within one year
 8 
(48,930)
(121,093)

Net current assets
  
 
 
1,148,289
 
 
1,149,960

Total assets less current liabilities
  
2,811,033
2,818,051

  

Provisions for liabilities
  

Deferred taxation
  
(7,894)
(7,844)

Net assets
  
2,803,139
2,810,207


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
2,793,139
2,800,207

  
2,803,139
2,810,207


Page 6

 
MASON CRAWFORD (HOLDINGS) LIMITED
REGISTERED NUMBER: 00783520
    
COMPANY BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 April 2025.




M.J. Snaddon
Director


The notes on pages 8 to 16 form part of these financial statements.

Page 7

 
MASON CRAWFORD (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Mason Crawford (Holdings) Limited is a private company limited by shares, incorporated in England. The address of the registered office and principal place of business is Unit 8, Swan Lane Industrial Estate, Swan Lane, West Bromwich, West Midlands, B70 0NU. The principal activity of the company during the year was the provision of management services to its subsidiaries.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The consolidated financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own profit and loss account in these financial statements.

The following principal accounting policies have been applied:

 
2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the consolidated profit and loss account from the date on which control is obtained. They are deconsolidated from the date control ceases.
In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 01 January 2015.

Page 8

 
MASON CRAWFORD (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Group has transferred the significant risks and rewards of ownership to the buyer;
the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Group will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Group will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Revenue is recognised by the company in respect of the letting of property and management charges on a receivable basis.

Page 9

 
MASON CRAWFORD (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on either the reducing balance method or straight line basis.

Depreciation is provided on the following basis:

Freehold and long leasehold buildings
-
1.5% on cost.
Plant & machinery
-
15% on a reducing balance basis.
Motor vehicles
-
25% on a reducing balance basis.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the consolidated profit and loss account.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Other investments held as fixed assets are shown at cost less provision for impairment.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stock.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 10

 
MASON CRAWFORD (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders..

 
2.12

Operating leases: the Group as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.13

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Group in independently administered funds.

Page 11

 
MASON CRAWFORD (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 14).






Page 12

 
MASON CRAWFORD (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets

Group






Long term leasehold property
Plant & machinery
Motor vehicles
Total

£
£
£
£



Cost 


At 1 January 2024
343,890
604,081
8,245
956,216



At 31 December 2024

343,890
604,081
8,245
956,216



Depreciation


At 1 January 2024
89,370
474,448
7,986
571,804


Charge for the year on owned assets
5,158
20,596
65
25,819



At 31 December 2024

94,528
495,044
8,051
597,623



Net book value



At 31 December 2024
249,362
109,037
194
358,593



At 31 December 2023
254,520
129,634
259
384,413

Page 13

 
MASON CRAWFORD (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

           4.Tangible fixed assets (continued)


Company






Long term leasehold property
Plant & machinery
Total

£
£
£

Cost 


At 1 January 2024
343,890
11,943
355,833



At 31 December 2024

343,890
11,943
355,833



Depreciation


At 1 January 2024
89,370
10,683
100,053


Charge for the year on owned assets
5,158
189
5,347



At 31 December 2024

94,528
10,872
105,400



Net book value



At 31 December 2024
249,362
1,071
250,433



At 31 December 2023
254,520
1,260
255,780







5.


Fixed asset investments

Group





Unlisted investments

£



Cost


At 1 January 2024
6,429



At 31 December 2024
6,429




Page 14

 
MASON CRAWFORD (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Company





Investments in subsidiary companies
Unlisted investments
Total

£
£
£



Cost


At 1 January 2024
151,957
6,429
158,386



At 31 December 2024

151,957
6,429
158,386



Impairment


At 1 January 2024
136,075
-
136,075



At 31 December 2024

136,075
-
136,075


Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Principal activity

Class of shares

Holding

Transformotor Limited
England
-
Dormant
-
Ordinary
-
100%
-
Premax Engineering Limited
England
-
Precision engineering
-
Ordinary
-
100%
-


6.


Investment property

Group and Company


Freehold investment property

£



Valuation


At 1 January 2024
1,390,000



At 31 December 2024
1,390,000

The historic cost of the investment property is £1,280,723 (2023: £1,280,723).

The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 15

 
MASON CRAWFORD (HOLDINGS) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Debtors

Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£


Trade debtors
166,663
284,859
1,295
1,260

Amounts owed by group undertakings
-
-
7,200
6,600

Other debtors
255
250
255
104

Prepayments and accrued income
5,156
9,445
1,812
1,699

172,074
294,554
10,562
9,663



8.


Creditors: Amounts falling due within one year

Group
Group
Company
Company
2024
2023
2024
2023
£
£
£
£

Trade creditors
135,408
187,556
2,863
121

Amounts owed to group undertakings
-
-
3,504
7,676

Corporation tax
23,225
76,742
15,009
63,420

Other taxation and social security
27,323
39,320
1,643
1,328

Other creditors
2,092
31,816
199
30,199

Accruals and deferred income
33,937
37,317
25,712
18,349

221,985
372,751
48,930
121,093



9.


Pension commitments

The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £21,416 (2023: £23,424). Contributions totalling £1,893  (2023: £2,753) were payable to the fund at the balance sheet date.


10.


Commitments under operating leases

At 31 December 2024 the Group had future minimum lease payments due under non-cancellable operating leases for each of the following periods:


Group
Group
2024
2023
£
£

Not later than 1 year
22,466
5,277

Later than 1 year and not later than 5 years
12,429
-

34,895
5,277
Page 16

 
MASON CRAWFORD (HOLDINGS) LIMITED
 
 
Page 17