REGISTERED NUMBER: 03401175 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MASON HAYES LIMITED

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTOR:

Mr M Hayes

SECRETARY:

Mrs C Hayes

REGISTERED OFFICE:

Siviter House

No. 1 The Grange

Altrincham Road

Wilmslow

Cheshire

SK9 5ND

REGISTERED NUMBER:

03401175 (England and Wales)

ACCOUNTANTS:

Cadishead Accountancy Services Limited

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a commercial and litigation solicitors practice.

DIRECTOR

Mr M Hayes held office during the whole of the period from 1 January 2024 to the date of this report.

The director shown below was in office at 31 December 2024 but did not hold any interest in the Ordinary shares of £1 each at 1 January 2024 or 31 December 2024.

Mr M Hayes

DONATIONS

During the year the company made donations totalling £530 (2023 - £500).

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr M Hayes - Director

4 August 2025

FIXED ASSETS

Intangible assets

4

89,375

105,625

Tangible assets

5

2,236

2,655

91,611

108,280

CURRENT ASSETS

Debtors

6

60,402

49,599

Cash at bank

13,403

100

73,805

49,699

CREDITORS

Amounts falling due within one year

7

(101,170

)

(89,125

)

NET CURRENT LIABILITIES

(27,365

)

(39,426

)

TOTAL ASSETS LESS CURRENT LIABILITIES

64,246

68,854

CREDITORS

Amounts falling due after more than one year

8

(9,771

)

(11,613

)

PROVISIONS FOR LIABILITIES

(425

)

(504

)

NET ASSETS

54,050

56,737

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

53,950

56,637

SHAREHOLDERS' FUNDS

54,050

56,737

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 4 August 2025 and were signed by:

Mr M Hayes - Director

1.	STATUTORY INFORMATION

Mason Hayes 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

325,000

AMORTISATION

At 1 January 2024

219,375

Amortisation for year

16,250

At 31 December 2024

235,625

NET BOOK VALUE

At 31 December 2024

89,375

At 31 December 2023

105,625

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

16,783

DEPRECIATION

At 1 January 2024

14,128

Charge for year

419

At 31 December 2024

14,547

NET BOOK VALUE

At 31 December 2024

2,236

At 31 December 2023

2,655

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

19,910

21,998

Amounts owed by group undertakings

204

204

Other debtors

40,288

27,397

60,402

49,599

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

31,434

41,406

Trade creditors

1,868

2,613

Taxation and social security

63,668

38,856

Other creditors

4,200

6,250

101,170

89,125

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

9,771

11,613

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

-

29,400

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdrafts

21,281

24,949

Bank loans

19,924

28,070

41,205

53,019

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Mr M Hayes

Balance outstanding at start of year

15,237

18,634

Amounts advanced

3,854

-

Amounts repaid

-

(3,397

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,091

15,237

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Hayes.