Company registration number 11224062 (England and Wales)
MASON & REYNOLDS HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
MASON & REYNOLDS HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
MASON & REYNOLDS HOLDINGS LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
12,915
11,460
Investment properties
3
1,200,000
1,200,000
1,212,915
1,211,460
Current assets
Debtors
5
160
13,673
Cash at bank and in hand
1,191
9,084
1,351
22,757
Creditors: amounts falling due within one year
6
(785,516)
(817,607)
Net current liabilities
(784,165)
(794,850)
Total assets less current liabilities
428,750
416,610
Provisions for liabilities
(81,395)
(82,152)
Net assets
347,355
334,458
Capital and reserves
Called up share capital
8
100
100
Revaluation reserve
7
124,336
124,336
Profit and loss reserves
222,919
210,022
Total equity
347,355
334,458

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 29 October 2025 and are signed on its behalf by:
Mr R J Mason
Director
Company Registration No. 11224062
MASON & REYNOLDS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information

Mason & Reynolds Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 8, Nash Mead Industrial Estate, Newport, NP19 4SU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.T he principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rentals received in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance
Motor vehicles
25% reducing balance
1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

MASON & REYNOLDS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
MASON & REYNOLDS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 4 -
3
Investment property
2025
£
Fair value
At 29 February 2024 and 28 February 2025
1,200,000

The investment comprises of land and the development. The fair value of the investment has been arrived at on the cost price. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar land.

4
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 29 February 2024
10,434
17,600
28,034
Additions
4,843
-
0
4,843
At 28 February 2025
15,277
17,600
32,877
Depreciation and impairment
At 29 February 2024
3,151
13,423
16,574
Depreciation charged in the year
2,344
1,044
3,388
At 28 February 2025
5,495
14,467
19,962
Carrying amount
At 28 February 2025
9,782
3,133
12,915
At 28 February 2024
7,283
4,177
11,460
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
160
13,673
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
54
Taxation and social security
9,590
10,534
Other creditors
775,926
807,019
785,516
817,607
MASON & REYNOLDS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
7
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
124,336
124,336
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
9
Related party transactions

During the year, the company gave a loan to R.J.Mason (Holdings) Limited, a company in which Mr R J Mason is a director. At the year end a balance of £98,201 (2024 - £98,201) remained outstanding, being included in creditors amounts falling due within one year.

During the year, the company gave a loan to RJ Mason Storage and Warehousing Limited, a company in which Mr R J Mason is a director. At the year end a balance of £10,843 (2024 - £1,883) remained outstanding, being included in creditors amounts falling due within one year.

During the year, the company gave a loan to Newport Truck Park Limited, a company in which Mr S R Reynolds and Mrs K J Reynolds are directors. At the year end a balance of £82,638 (2024 - £13,673) remained outstanding, being included in creditors amounts falling due within one year (2024 - debtors amounts falling due within one year).

10
Directors' transactions

The directors operate current loan accounts which are credited with payments made by the directors and any cash introduced and debited with private expenses and cash drawn. The amount outstanding due to the directors at the year end was £581,934 (2024 - £7 04,785); this amount being included in creditors: amounts falling due within one year.

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