Mason Forbes Consultancy Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 08044109

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		60,015		-

			60,015		-
CURRENT ASSETS
Debtors	5	-		39,892
Cash at bank and in hand		1,754		3

		1,754		39,895
Creditors: Amounts Falling Due Within One Year	6	(88,826 )		(12,707 )

NET CURRENT ASSETS (LIABILITIES)			(87,072 )		27,188

TOTAL ASSETS LESS CURRENT LIABILITIES			(27,057 )		27,188

NET (LIABILITIES)/ASSETS			(27,057 )		27,188

CAPITAL AND RESERVES
Called up share capital	7		100		100
Share premium account			146,970		146,970
Profit and Loss Account			(174,127 )		(119,882 )

SHAREHOLDERS' FUNDS			(27,057)		27,188

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr John Mather

Director

20/06/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Mason Forbes Consultancy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08044109 . The registered office is 85 Great Portland Street, London, W1W 7LT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 October 2023	-
Additions	60,015

As at 30 September 2024	60,015

Net Book Value
As at 30 September 2024	60,015

As at 1 October 2023	-

Goodwill is being amortised on a straight-line basis over 5 years, reflecting the estimated period over which the transferred business and commercial relationships are expected to generate economic benefit to the company.

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Mason Forbes Consultancy Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by participating interests	-	2,134
Other debtors	-	37,758

	-	39,892

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	(1 )	-
Amounts owed to participating interests	-	10,976
Other creditors	88,827	1,731

	88,826	12,707

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

During the year, the company entered into transactions with companies under the common ownership and control of the director and shareholder.

On 30 September 2024, the company acquired the business of Mason Forbes Ltd under a business transfer agreement. The transfer included goodwill, customer relationships, and associated business rights. No employees or fixed assets were transferred. The company assumed liabilities totalling £60,013.90 and made a nominal cash payment of £1. Goodwill of the same amount was recognised ans is being amortised over 5 years. Mason Forbes Ltd subsequently ceased trading.

In addition, the company assumed liabilities from Resource Solutions Via Projects Limited (RSVP), another related company under common control. This included the novation of a director’s loan of £70,984.29 and a trade creditor of £1,823.36 under formal transfer agreements. No consideration was paid for these transfers.

As part of the broader restructuring, an intercompany creditor of £11,375.50 was released to profit and loss. An intercompany debtor of £72,807.65 was written off to exceptional expenses, reflecting amounts no longer recoverable.

All entities were under the common ownership and control of the sole director throughout the year.

9. Exceptional Items

The company recognised the following exceptional items in the profit and loss account:

A credit of £11,375.50 from the release of an intercompany creditor.

A charge of £72,807.65 relating to the write-off of an intercompany debtor balance transferred from Resource Solutions Via Projects Limited.

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