REGISTERED NUMBER: 01422056 (England and Wales)

MASSEY MAINTENANCE LTD

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

P F White

N J White

R A Cann

P J White

J D White

Secretaries:

P F White

L Redlich

Registered office:

1 Castle Square

Brighton

East Sussex

BN1 1EG

Registered number:

01422056 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Current assets

Debtors

4

11,516,686

11,694,595

Cash at bank

11,434

3,914

11,528,120

11,698,509

Creditors

Amounts falling due within one year

5

(8,689

)

(7,092

)

Net current assets

11,519,431

11,691,417

Total assets less current liabilities

11,519,431

11,691,417

Capital and reserves

Called up share capital

6

50,000

50,000

Capital redemption reserve

7

50,000

50,000

Retained earnings

7

11,419,431

11,591,417

Shareholders' funds

11,519,431

11,691,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

N J White - Director

1.	Statutory information

Massey Maintenance Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Turnover

During the financial year, the company underwent a change in its principal trade. Previously, the company was engaged in credit granting, but transitioned to property maintenance.

The Income has been recognised in respect of the previous trade, interest receivable from loans advanced. Interest is charged in arrears and accrued monthly.

The Income has also been recognised in respect of the new trade, maintenance contracts invoiced during the year, exclusive of Value Added Tax.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - NIL ) .

4.

Debtors: amounts falling due within one year

2025

2024

£

£

Other debtors

11,516,686

11,694,595

5.

Creditors: amounts falling due within one year

2025

2024

£

£

Taxation and social security

925

-

Other creditors

7,764

7,092

8,689

7,092

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal Value:

2025

2024

£

£

38,000

Ordinary A

£1

38,000

38,000

3,000

Ordinary B

£1

3,000

3,000

3,000

Ordinary C

£1

3,000

3,000

3,000

Ordinary D

£1

3,000

3,000

3,000

Ordinary E

£1

3,000

3,000

50,000

50,000

7.

Reserves

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2024

11,591,417

50,000

11,641,417

Profit for the year

5,014

-

5,014

Dividends

(177,000

)

-

(177,000

)

At 31 March 2025

11,419,431

50,000

11,469,431

8.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

P F White

Balance outstanding at start of year

82,364

120,788

Amounts advanced

705

-

Amounts repaid

-

(38,424

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

83,069

82,364

N J White

Balance outstanding at start of year

3,052

1,960

Amounts advanced

-

1,092

Amounts repaid

(111

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,941

3,052

9.	Related party disclosures

At the balance sheet date and included in other debtors is £11,428,167 (2024: £11,605,760) due from companies under common control and £86,010 (2024: £85,416) due from the directors.

Included in other creditors is £3,996 (2023: £3,996) due to the shareholders.