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REGISTERED NUMBER: SC577297 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Mason James Developments Ltd
Mason James Developments Ltd (Registered number: SC577297)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mason James Developments Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: M Clamp
J H Clamp





REGISTERED OFFICE: 10 Hislop Gardens
Hawick
Roxburghshire
TD9 8PQ





REGISTERED NUMBER: SC577297 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW
Page 1
Mason James Developments Ltd (Registered number: SC577297)

Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 3 53,200 -
Investment property 4 567,152 487,664
620,352 487,664

CURRENT ASSETS
Debtors 5 25,775 3,958
Cash at bank 2,144 27,548
27,919 31,506
CREDITORS
Amounts falling due within one year 6 355,967 243,100
NET CURRENT LIABILITIES (328,048 ) (211,594 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
292,304
276,070

CREDITORS
Amounts falling due after more than one
year
7
297,708
260,849
NET (LIABILITIES)/ASSETS (5,404 ) 15,221

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (5,504 ) 15,121
(5,404 ) 15,221

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2 continued...
Mason James Developments Ltd (Registered number: SC577297)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:





M Clamp - Director


The notes form part of these financial statements

Page 3
Mason James Developments Ltd (Registered number: SC577297)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. 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
Revenue 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.
Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance

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.

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 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.

Going concern
The continued trading of the company is dependent on the future support of the directors and the associated companies through loan accounts. The directors have confirmed that the support will continue to be available for at least a period of 12 months from the date of signing these financial statements. Accordingly, these financial statements have been prepared on a going concern basis.

2. EMPLOYEES AND DIRECTORS

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

Page 4 continued...
Mason James Developments Ltd (Registered number: SC577297)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
Additions 54,007
At 30 September 2024 54,007
DEPRECIATION
Charge for year 807
At 30 September 2024 807
NET BOOK VALUE
At 30 September 2024 53,200

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 487,664
Additions 79,488
At 30 September 2024 567,152
NET BOOK VALUE
At 30 September 2024 567,152
At 30 September 2023 487,664

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 5,407 3,740
Other debtors 20,368 218
25,775 3,958

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade creditors 120 -
Amounts owed to group undertakings - 1,804
Amounts owed to associates 340,855 208,595
Taxation and social security 2,775 4,635
Other creditors 12,217 28,066
355,967 243,100

Page 5 continued...
Mason James Developments Ltd (Registered number: SC577297)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Other creditors 297,708 260,849

8. SECURED DEBTS

Paratus AMC Limited and Aldermore Bank PLC hold securities over all the investment property comprised within the accounts.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30/9/24 30/9/23
£    £   
M Clamp
Balance outstanding at start of year - -
Amounts advanced 20,150 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,150 -

Page 6