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REGISTERED NUMBER: 10468587 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

MASALA BAY LIMITED

MASALA BAY LIMITED (REGISTERED NUMBER: 10468587)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MASALA BAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: Mr M S Islam





REGISTERED OFFICE: 9-11 Pier Street
Ventnor
Isle of Wight
PO38 1ST





REGISTERED NUMBER: 10468587 (England and Wales)





ACCOUNTANTS: Mackenzies, a Xeinadin company
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

MASALA BAY LIMITED (REGISTERED NUMBER: 10468587)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 19,398 24,511

CURRENT ASSETS
Stocks 5 1,200 3,000
Debtors 6 19,147 15,467
Cash at bank and in hand 4,049 4,536
24,396 23,003
CREDITORS
Amounts falling due within one year 7 50,188 33,869
NET CURRENT LIABILITIES (25,792 ) (10,866 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,394

)

13,645

CREDITORS
Amounts falling due after more than one
year

8

4,500

13,500
NET (LIABILITIES)/ASSETS (10,894 ) 145

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (10,994 ) 45
SHAREHOLDERS' FUNDS (10,894 ) 145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

MASALA BAY LIMITED (REGISTERED NUMBER: 10468587)

BALANCE SHEET - continued
30 NOVEMBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2025 and were signed by:





Mr M S Islam - Director


MASALA BAY LIMITED (REGISTERED NUMBER: 10468587)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Masala Bay 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

MASALA BAY LIMITED (REGISTERED NUMBER: 10468587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 December 2023 16,313 55,087 6,044 77,444
Additions 1,000 - - 1,000
At 30 November 2024 17,313 55,087 6,044 78,444
DEPRECIATION
At 1 December 2023 10,983 38,902 3,048 52,933
Charge for year 1,583 3,931 599 6,113
At 30 November 2024 12,566 42,833 3,647 59,046
NET BOOK VALUE
At 30 November 2024 4,747 12,254 2,397 19,398
At 30 November 2023 5,330 16,185 2,996 24,511

5. STOCKS
2024 2023
£ £
Stocks 1,200 3,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 9,525 11,175
Directors' current accounts 8,222 4,292
Prepayments 1,400 -
19,147 15,467

Other debtors consists of a rent deposit of £8,000 (2023: £8,000), and an amount due from Red Chilli (Kala) Limited of £1,525 (2023: £3,175).

The directors loan was repaid within 9 months of the year end.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 9,000 9,000
Taxation and social security 31,573 21,147
Other creditors 9,615 3,722
50,188 33,869

MASALA BAY LIMITED (REGISTERED NUMBER: 10468587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Other creditors consist of net wages due of £1,766 (2023: £3,308), pension costs of £3,349 (2023: £330), accrued expenses £nil (2023: £84) and short term loans of £7,500 (2023: £nil).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 4,500 13,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M S Islam.