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REGISTERED NUMBER: 02061283 (England and Wales)















MASONBROOK GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024






MASONBROOK GROUP LIMITED (REGISTERED NUMBER: 02061283)

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










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


MASONBROOK GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr M A Smith



REGISTERED OFFICE: Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN



REGISTERED NUMBER: 02061283 (England and Wales)



ACCOUNTANTS: Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR



BANKERS: National Westminster
275/277 High Street
Hounslow
Middlesex
TW3 1ZA

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MASONBROOK GROUP LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Masonbrook Group Limited for the year ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company'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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Masonbrook Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Masonbrook Group Limited and state those matters that we have agreed to state to the director of Masonbrook Group Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Masonbrook Group Limited and its director for our work or for this report.

It is your duty to ensure that Masonbrook Group 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 loss of Masonbrook Group Limited. You consider that Masonbrook Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Masonbrook Group 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.






Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


19 May 2025

MASONBROOK GROUP LIMITED (REGISTERED NUMBER: 02061283)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 2,261 867
Investments 5 1 1
Investment property 6 5,568,288 5,568,288
5,570,550 5,569,156

CURRENT ASSETS
Debtors 7 74,876 100,955
Cash at bank and in hand 502,226 537,784
577,102 638,739
CREDITORS
Amounts falling due within one year 8 347,882 349,502
NET CURRENT ASSETS 229,220 289,237
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,799,770

5,858,393

CREDITORS
Amounts falling due after more than one
year

9

(31,818

)

(162,703

)

PROVISIONS FOR LIABILITIES 12 (1,015,029 ) (874,931 )
NET ASSETS 4,752,923 4,820,759

CAPITAL AND RESERVES
Called up share capital 84,404 84,404
Capital redemption reserve 15,596 15,596
Fair value reserve 13 3,879,243 3,879,243
Retained earnings 773,680 841,516
SHAREHOLDERS' FUNDS 4,752,923 4,820,759

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MASONBROOK GROUP LIMITED (REGISTERED NUMBER: 02061283)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 May 2025 and were signed by:





Mr M A Smith - Director


MASONBROOK GROUP LIMITED (REGISTERED NUMBER: 02061283)

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


1. STATUTORY INFORMATION

Masonbrook Group Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02061283 and the registered office address is Avebury House, St Peter Street, Winchester, Hampshire, SO23 8BN.

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.

The presentation currency is £ sterling.

Going concern
The financial statements have been prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements require management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

Key sources of estimation uncertainty:

1) Fair value of investment property
The fair value of the property is subject to estimation by the director. In considering the fair value, the director reviews rental yields, market conditions and reference to external professional valuations.

Turnover
Turnover mainly consists of rent and maintenance charges (excluding value added tax) which are invoiced quarterly at an agreed rate and adjusted for accrued and deferred income where applicable.

Tangible fixed assets
All fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

Depreciation is provided at rates calculated to write off the costs less residual value of each asset over its expected useful life, as follows:

Office Equipment - 33% straight line

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the income statement.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investment property
The investment property is shown at its fair value as estimated by the directors. Any movement in fair value is recognised in the fair value reserve. Deferred tax is recognised on any fair value adjustments.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the operating result.

MASONBROOK GROUP LIMITED (REGISTERED NUMBER: 02061283)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the income statement.

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

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 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.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results are stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

MASONBROOK GROUP LIMITED (REGISTERED NUMBER: 02061283)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 September 2023 9,141
Additions 2,166
At 31 August 2024 11,307
DEPRECIATION
At 1 September 2023 8,274
Charge for year 772
At 31 August 2024 9,046
NET BOOK VALUE
At 31 August 2024 2,261
At 31 August 2023 867


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 September 2023
and 31 August 2024 100,000
PROVISIONS
At 1 September 2023
and 31 August 2024 99,999
NET BOOK VALUE
At 31 August 2024 1
At 31 August 2023 1

The company has a financial interest in Sunriser Espresso Pty Limited, a coffee retailer based in Australia. The financial information of the company is considered immaterial so not disclosed.

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 September 2023
and 31 August 2024 5,568,288
NET BOOK VALUE
At 31 August 2024 5,568,288
At 31 August 2023 5,568,288

MASONBROOK GROUP LIMITED (REGISTERED NUMBER: 02061283)

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


6. INVESTMENT PROPERTY - continued

Freehold property is considered to be investment properties by the director.

The market value of the investment properties has been assessed by the director.

The historical cost of the investment properties are £967,840.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 23,678 47,101
Other debtors 36,656 43,516
Prepayments and accrued income 14,542 10,338
74,876 100,955

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other loans 30,856 29,944
Trade creditors 5,076 15,491
Amounts owed to group undertakings - 15,050
Social security and other taxes 55,334 22,360
Other creditors 134,439 130,331
Directors' current accounts 10,848 30,617
Accruals and deferred income 111,329 105,709
347,882 349,502

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans more than 5 years -
non-instalments

-

100,000
Other loans - 1-2 years 31,794 30,855
Other loans - 2-5 years 24 31,848
31,818 162,703

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years -
non-instalments

-

100,000

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 6,055 6,055
Between one and five years 8,074 14,129
14,129 20,184

MASONBROOK GROUP LIMITED (REGISTERED NUMBER: 02061283)

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


11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans - 100,000

12. PROVISIONS FOR LIABILITIES


Deferred tax
provision

Dilapidation
provision


Total


Balance at 1 September
2023


864,931


10,000


874,931

Provided during the year140,098-140,098
Balance at 31 August 20241,005,02910,0001,015,029


The above deferred tax balance relates to fair value movements on the investment properties.

13. RESERVES
Fair value
reserve
£
At 1 September 2023
and 31 August 2024 3,879,243

The fair value reserve relates to fair value movements on the investment properties.