| MASAD PROPERTIES LTD |
| Registered number: |
10613232 |
| Abridged Balance Sheet |
| as at 28 February 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
802,500 |
|
|
702,528 |
|
| Current assets |
| Debtors |
|
|
1,190 |
|
|
580 |
| Cash at bank and in hand |
|
|
1,931 |
|
|
329 |
|
|
|
3,121 |
|
|
909 |
|
| Creditors: amounts falling due within one year |
|
|
(536,567) |
|
|
(525,077) |
|
| Net current liabilities |
|
|
|
(533,446) |
|
|
(524,168) |
|
| Total assets less current liabilities |
|
|
|
269,054 |
|
|
178,360 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(11,452) |
|
|
(21,021) |
|
| Provisions for liabilities |
|
|
|
(63,450) |
|
|
- |
|
|
| Net assets |
|
|
|
194,152 |
|
|
157,339 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
200 |
|
|
200 |
| Revaluation reserve |
6 |
|
|
190,348 |
|
|
148,798 |
| Profit and loss account |
|
|
|
3,604 |
|
|
8,341 |
|
| Shareholders' funds |
|
|
|
194,152 |
|
|
157,339 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
| The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. |
|
|
| Mohammed Asif Din |
| Director |
| Approved by the board on 28 October 2025 |
|
| MASAD PROPERTIES LTD |
| Notes to the Abridged Accounts |
| for the year ended 28 February 2025 |
|
|
| 1 |
Other information |
|
|
MASAD PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
35 Knowsley St |
|
Bury |
|
Lancashire |
|
England |
|
BL9 0ST |
|
| 2 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared on the going concern basis under the historical cost convention and in accordance with FRS 102 section 1A small entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures & Fittings |
25% straight line |
|
|
Land and buildings are carried at fair value determined annually and derived from the current market rents and property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account and a revaluation reserve account. |
|
|
|
|
|
|
Taxation |
|
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised.
Deferred tax is measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. |
|
|
| 3 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Total |
| £ |
|
Cost |
|
At 1 March 2024 |
569,812 |
|
Surplus on revaluation |
253,798 |
|
At 28 February 2025 |
823,610 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2024 |
16,082 |
|
Charge for the year |
5,028 |
|
At 28 February 2025 |
21,110 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2025 |
802,500 |
|
At 29 February 2024 |
553,730 |
|
|
| 5 |
Share Capital |
2025 |
|
2024 |
|
Allotted, called up and unpaid |
£ |
£ |
|
|
200 (2024: 200) Ordinary share of £1 each |
200 |
|
200 |
|
|
|
|
|
|
|
200 |
|
200 |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 March 2024 |
148,798 |
|
103,798 |
|
Movement in reserve |
41,550 |
|
45,000 |
|
|
At 28 February 2025 |
190,348 |
|
148,798 |
|
|
|
|
|
|
|
|
|