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REGISTERED NUMBER: 06693804 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Mason Building Homes Limited

Mason Building Homes Limited (Registered number: 06693804)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mason Building Homes Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr D Mason
Mrs L Mason





SECRETARY: Mr D Mason





REGISTERED OFFICE: Shop 1A, Four Square Chapel
Spark Lane
Mapplewell
Barnsley
S75 6AA





REGISTERED NUMBER: 06693804 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Mason Building Homes Limited (Registered number: 06693804)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 5 1,570,000 1,242,343

CURRENT ASSETS
Debtors 6 - 40,687
Cash in hand 100 100
100 40,787
CREDITORS
Amounts falling due within one year 7 (59,883 ) (55,259 )
NET CURRENT LIABILITIES (59,783 ) (14,472 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,510,217

1,227,871

CREDITORS
Amounts falling due after more than one
year

8

(1,210,446

)

(1,213,455

)

PROVISIONS FOR LIABILITIES (49,031 ) -
NET ASSETS 250,740 14,416

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 250,640 14,316
SHAREHOLDERS' FUNDS 250,740 14,416

Mason Building Homes Limited (Registered number: 06693804)

Balance Sheet - continued
31 October 2024


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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:





Mr D Mason - Director


Mason Building Homes Limited (Registered number: 06693804)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Mason Building Homes 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned from the letting of properties.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Mason Building Homes Limited (Registered number: 06693804)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 1,242,343
Revaluations 327,657
At 31 October 2024 1,570,000
NET BOOK VALUE
At 31 October 2024 1,570,000
At 31 October 2023 1,242,343

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2024 327,657
Cost 1,242,343
1,570,000

If the Investment Properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,242,343 1,242,343

Investment Properties were valued on an open market basis on 28 February 2025 by Carter Towler Chartered Surveyors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 40,687

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,500 3,500
Trade creditors 6,420 6,420
Amounts owed to group undertakings 15,216 -
Taxation and social security 14,212 12,937
Other creditors 20,535 32,402
59,883 55,259

Mason Building Homes Limited (Registered number: 06693804)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,210,446 1,213,455

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instalments 1,186,446 1,189,455

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,213,946 1,216,955

10. CALLED UP SHARE CAPITAL

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