Company registration number 02109461 (England and Wales)
MASSTRUCE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MASSTRUCE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MASSTRUCE LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,000
5,000
Current assets
Debtors
4
-
0
765
Cash at bank and in hand
107,833
104,837
107,833
105,602
Creditors: amounts falling due within one year
5
(10,520)
(11,965)
Net current assets
97,313
93,637
Net assets
102,313
98,637
Capital and reserves
Called up share capital
30
30
Profit and loss reserves
102,283
98,607
Total equity
102,313
98,637

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 4 November 2025 and are signed on its behalf by:
Lt-Gen A C Figgures
Director
Company registration number 02109461 (England and Wales)
MASSTRUCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Masstruce Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o SAFE Property Management, First Floor, Unit 48, Westwood Park Trading Estate, Concord Road, London, W3 0TH.

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. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover comprises ground rents received from the lessees of the managed property under the terms of their respective lease arrangements.

Income and expenditure arising from transactions relating to maintenance of the common parts in accordance with the lease are shown in the separate service charge accounts for the property which do not form part of the annual accounts of the company and are not filed at Companies House.

All service charge monies received from the lessees are held on trust. The governance of the expenditure of the service charge has been reviewed in consequence of payments to and reimbursement of directors. Controls have been put in place to ensure that all directors are informed of any transaction that another director may have an interest in prior to it being undertaken. The managing agent has been directed to comply with the delegation in the contract namely to adhere to the expenditure limit of £500 plus VAT per item of expenditure.. Proposed expenditure in excess of £500 + VAT is to be referred to the Board for approval.

1.3
Tangible fixed assets

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

Depreciation is not recognised in relation to the Freehold Property held, as the value is not diminishing over time. Although this is a departure from Companies Act 2006, this is felt necessary in order to provide a true and fair view of the company's position.

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:

Land and buildings Freehold
Not depreciated
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

MASSTRUCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

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

2
Employees

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

2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2024 and 31 March 2025
5,000
Depreciation and impairment
At 1 April 2024 and 31 March 2025
-
0
Carrying amount
At 31 March 2025
5,000
At 31 March 2024
5,000
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
-
0
765
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
-
0
96
Accruals
-
332
Due to service charge
-
1,017
Members' loans
10,520
10,520
10,520
11,965
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