| REGISTERED NUMBER: |
| MASSEY GROUP LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| REGISTERED NUMBER: |
| MASSEY GROUP LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| MASSEY GROUP LIMITED (REGISTERED NUMBER: 01164477) |
| Contents of the Financial Statements |
| for the year ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MASSEY GROUP LIMITED |
| Company Information |
| for the year ended 31 March 2025 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Broadwalk House, 5th Floor |
| 5 Appold Street |
| Broadgate |
| London |
| EC2A 2AG |
| Bankers: |
| 13 Charles II St |
| London |
| SW1Y 4QU |
| MASSEY GROUP LIMITED (REGISTERED NUMBER: 01164477) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| Current assets |
| Debtors | 7 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| Provisions for liabilities | 12 | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 13 |
| Revaluation reserve | 14 |
| Retained earnings | 14 |
| Shareholders' funds |
| The directors acknowledge their 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. |
| MASSEY GROUP LIMITED (REGISTERED NUMBER: 01164477) |
| Balance Sheet - continued |
| 31 March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| MASSEY GROUP LIMITED (REGISTERED NUMBER: 01164477) |
| Notes to the Financial Statements |
| for the year ended 31 March 2025 |
| 1. | Statutory information |
| Massey Group Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rent receivable from letting of its investment properties. Turnover is recognised at the date of invoice exclusive of Value Added Tax |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: |
| Freehold property | - | 2% on a straight line basis |
| Plant and machinery | - | 20% on a straight line basis |
| Fixtures and fittings | - | 20% on a straight line basis |
| Motor vehicles | - | 20% on a reducing line basis |
| Investment property |
| Investment property is included at fair value. Gains and losses are recognised in the income statement. |
| Financial instruments |
| Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
| Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
| Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management. |
| Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
| 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. |
| MASSEY GROUP LIMITED (REGISTERED NUMBER: 01164477) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 2. | Accounting policies - continued |
| 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. |
| Leasing and hire purchases |
| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. |
| Fixed asset investments |
| Investments in shares are included at fair value. |
| Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the fixed asset investment. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Fixtures |
| Freehold | and | Motor |
| property | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 April 2024 |
| Additions |
| At 31 March 2025 |
| Depreciation |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| Net book value |
| At 31 March 2025 |
| At 31 March 2024 |
| MASSEY GROUP LIMITED (REGISTERED NUMBER: 01164477) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 5. | Fixed asset investments |
| Other |
| investments |
| £ |
| Cost or valuation |
| At 1 April 2024 |
| Revaluations | ( |
) |
| At 31 March 2025 |
| Net book value |
| At 31 March 2025 |
| At 31 March 2024 |
| Cost or valuation at 31 March 2025 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2025 | 139,876 |
| 6. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 April 2024 |
| Additions |
| Disposals | ( |
) |
| Revaluations | (2,399,782 | ) |
| At 31 March 2025 |
| Net book value |
| At 31 March 2025 |
| At 31 March 2024 |
| Fair value at 31 March 2025 is represented by: |
| £ |
| Valuation in 2025 | 42,148,500 |
| The 2025 valuation was made by the directors. Valuation was based on an open market value for existing use basis. |
| 7. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| MASSEY GROUP LIMITED (REGISTERED NUMBER: 01164477) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 8. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts (see note 10) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | Creditors: amounts falling due after more than one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans (see note 10) |
| 10. | Loans |
| An analysis of the maturity of loans is given below: |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Other loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| 11. | Secured debts |
| The bank loans are secured by a fixed legal charge over the freehold property and leasehold properties. |
| 12. | Provisions for liabilities |
| 2025 | 2024 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances | ( |
) | ( |
) |
| Other timing differences | 2,160,883 | 2,759,768 |
| 2,141,443 | 2,736,537 |
| Deferred tax |
| £ |
| Balance at 1 April 2024 |
| Provided during year | ( |
) |
| Balance at 31 March 2025 |
| MASSEY GROUP LIMITED (REGISTERED NUMBER: 01164477) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 13. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary shares | £1 | 50,000 | 50,000 |
| 14. | Reserves |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 April 2024 | 12,046,929 |
| Deficit for the year | ( |
) | - | ( |
) |
| At 31 March 2025 | 10,101,312 |
| Included in the retained earnings, is £15,143,716 (2024: £16,948,404) relating to the revaluation of investment properties after making provision for deferred tax. This balance is not distributable amongst the shareholders until the properties are sold. |
| 15. | Related party disclosures |
| At the balance sheet date £11,579,378 (2024: £11,613,972) was owed to companies under common control. |