REGISTERED NUMBER: 05772618 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Master Property Co Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A J Howarth

SECRETARY:

REGISTERED OFFICE:

Stansfield House

Shay Lane

Halifax

West Yorkshire

HX2 9AD

REGISTERED NUMBER:

05772618 (England and Wales)

ACCOUNTANTS:

Horley Green Chartered Accountants

Horley Green House

Horley Green Road

Claremount

Halifax

West Yorkshire

HX3 6AS

FIXED ASSETS

Tangible assets

4

53,107

3,940

CURRENT ASSETS

Debtors

5

231,441

226,323

Cash at bank

155,534

13,521

386,975

239,844

CREDITORS

Amounts falling due within one year

6

237,370

97,059

NET CURRENT ASSETS

149,605

142,785

TOTAL ASSETS LESS CURRENT LIABILITIES

202,712

146,725

CREDITORS

Amounts falling due after more than one year

7

(15,736

)

-

PROVISIONS FOR LIABILITIES

8

(10,090

)

-

NET ASSETS

176,886

146,725

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

176,766

146,605

176,886

146,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2025 and were signed by:

A J Howarth - Director

1.	STATUTORY INFORMATION

Master Property Co Ltd 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

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.

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 11 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

-

3,500

440

3,940

Additions

19,045

44,370

763

64,178

At 31 January 2025

19,045

47,870

1,203

68,118

DEPRECIATION

Charge for year

3,044

11,967

-

15,011

At 31 January 2025

3,044

11,967

-

15,011

NET BOOK VALUE

At 31 January 2025

16,001

35,903

1,203

53,107

At 31 January 2024

-

3,500

440

3,940

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

231,441

226,323

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

32,247

12,300

Tax

10,125

29,381

Social security and other taxes

4,312

1,600

VAT

15,668

17,698

Other creditors

164,162

24,824

Directors' loan accounts

10,856

10,856

Accrued Expenses

-

400

237,370

97,059

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Hire purchase contracts

15,736

-

8.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

Accelerated capital allowances

10,090

-

Deferred

tax

£

Deferred Tax

10,090

Balance at 31 January 2025

10,090

9.	RELATED PARTY DISCLOSURES

The company is controlled by the company director.