Company registration number: NI641827
Unaudited financial statements
for the year ended 30 June 2025
for
Mascon Properties Limited
Pages for filing with the Registrar
Company registration number: NI641827
Mascon Properties Limited
Balance sheet
as at 30 June 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 273,916 274,033
273,916 274,033
Current assets
Debtors 763 700
Cash at bank and in hand 16,408 10,214
17,171 10,914
Creditors: amounts falling due within one
year 		(23,267) (23,147)
Net current liabilities (6,096) (12,233)
Total assets less current liabilities 267,820 261,800
NET ASSETS 267,820 261,800
Capital and reserves
Called up share capital 500 500
Profit and loss account 267,320 261,300
TOTAL EQUITY 267,820 261,800
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI641827
Mascon Properties Limited
Balance sheet - continued
as at 30 June 2025
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 to the Registrar.
Signed by:
Mr A Smyth, Director
9 September 2025
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Mascon Properties Limited
Notes to the financial statements
for the year ended 30 June 2025
1 Company information
Mascon Properties Limited is a private company registered in Northern Ireland. Its registered number is NI641827. The company is limited by shares. Its registered office is 35 Rocks Chapel Road, Downpatrick, County Down, BT30 9BA.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 0% reducing balance
Plant and machinery etc.:
Fixtures & fittings - 15% reducing balance
Taxation
Taxation for the year comprises current taxation. 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 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.
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Mascon Properties Limited
Notes to the financial statements - continued
for the year ended 30 June 2025
3 Average number of employees
During the year the average number of employees was 1 (2024 - Nil).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 July 2024 273,250 1,500 274,750
At 30 June 2025 273,250 1,500 274,750
Depreciation
At 1 July 2024 - 717 717
Charge for year - 117 117
At 30 June 2025 - 834 834
Net book value
At 30 June 2025 273,250 666 273,916
At 30 June 2024 273,250 783 274,033
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024.
2025 2024
£ £
Adrian Smyth
Balance outstanding at start of year (510) (510)
Amounts advanced 573 -
Balance outstanding at end of year 63 (510)
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