Silverfin false false 31/03/2024 01/04/2023 31/03/2024 K. Edelstein 14/06/1992 D. Edelstein 29/08/2012 F. Steiner 19/04/2024 25 April 2025 The principal activity of the company continued to be that of developing property for resale. 00853860 2024-03-31 00853860 bus:Director1 2024-03-31 00853860 bus:Director2 2024-03-31 00853860 bus:Director3 2024-03-31 00853860 2023-03-31 00853860 core:CurrentFinancialInstruments 2024-03-31 00853860 core:CurrentFinancialInstruments 2023-03-31 00853860 core:ShareCapital 2024-03-31 00853860 core:ShareCapital 2023-03-31 00853860 core:SharePremium 2024-03-31 00853860 core:SharePremium 2023-03-31 00853860 core:RetainedEarningsAccumulatedLosses 2024-03-31 00853860 core:RetainedEarningsAccumulatedLosses 2023-03-31 00853860 core:PlantMachinery 2023-03-31 00853860 core:Vehicles 2023-03-31 00853860 core:FurnitureFittings 2023-03-31 00853860 core:PlantMachinery 2024-03-31 00853860 core:Vehicles 2024-03-31 00853860 core:FurnitureFittings 2024-03-31 00853860 bus:OrdinaryShareClass1 2024-03-31 00853860 2023-04-01 2024-03-31 00853860 bus:FilletedAccounts 2023-04-01 2024-03-31 00853860 bus:SmallEntities 2023-04-01 2024-03-31 00853860 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00853860 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00853860 bus:Director1 2023-04-01 2024-03-31 00853860 bus:Director2 2023-04-01 2024-03-31 00853860 bus:Director3 2023-04-01 2024-03-31 00853860 core:PlantMachinery core:TopRangeValue 2023-04-01 2024-03-31 00853860 core:Vehicles 2023-04-01 2024-03-31 00853860 core:FurnitureFittings 2023-04-01 2024-03-31 00853860 2022-04-01 2023-03-31 00853860 core:PlantMachinery 2023-04-01 2024-03-31 00853860 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 00853860 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00853860 (England and Wales)

MASONS ARMS MEWS PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

MASONS ARMS MEWS PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

MASONS ARMS MEWS PROPERTIES LIMITED

BALANCE SHEET

As at 31 March 2024
MASONS ARMS MEWS PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 2,804 4,017
2,804 4,017
Current assets
Stocks 5 310,610 310,610
Debtors 6 244,860 394,293
Cash at bank and in hand 69,575 18,358
625,045 723,261
Creditors: amounts falling due within one year 7 ( 241,323) ( 311,159)
Net current assets 383,722 412,102
Total assets less current liabilities 386,526 416,119
Net assets 386,526 416,119
Capital and reserves
Called-up share capital 8 150 150
Share premium account 549,950 549,950
Profit and loss account ( 163,574 ) ( 133,981 )
Total shareholders' funds 386,526 416,119

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Masons Arms Mews Properties Limited (registered number: 00853860) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D. Edelstein
Director

25 April 2025

MASONS ARMS MEWS PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
MASONS ARMS MEWS PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Masons Arms Mews Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The Company only enters into basic financial instruments and 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, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 4 4

4. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 April 2023 3,914 5,900 4,000 13,814
At 31 March 2024 3,914 5,900 4,000 13,814
Accumulated depreciation
At 01 April 2023 2,943 3,065 3,789 9,797
Charge for the financial year 451 709 53 1,213
At 31 March 2024 3,394 3,774 3,842 11,010
Net book value
At 31 March 2024 520 2,126 158 2,804
At 31 March 2023 971 2,835 211 4,017

5. Stocks

2024 2023
£ £
Stocks 310,610 310,610

6. Debtors

2024 2023
£ £
Trade debtors ( 15) 0
Corporation tax 1 1
Other debtors 244,874 394,292
244,860 394,293

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 4,131 3,639
Taxation and social security 500 358
Other creditors 236,692 307,162
241,323 311,159

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
150 Ordinary shares of £ 1.00 each 150 150

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amount due to directors 0 11,083

Other related party transactions

2024 2023
£ £
Amounts due from related parties 237,472 320,302
Amounts due to related parties 194,050 283,394