Masteffy Holdings LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC442821

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,133		-
Investment Properties	5		858,900		858,900
Investments	6		8,107		8,107

			868,140		867,007
CURRENT ASSETS
Debtors	7	1,688		1,609
Cash at bank and in hand		846		-

		2,534		1,609
Creditors: Amounts Falling Due Within One Year	8	(900 )		(5,571 )

NET CURRENT ASSETS (LIABILITIES)			1,634		(3,962 )

TOTAL ASSETS LESS CURRENT LIABILITIES			869,774		863,045

NET ASSETS ATTRIBUTABLE TO MEMBERS			869,774		863,045

REPRESENTED BY:
Equity
Members' other interests
Members' capital		869,774		863,045

			869,774		863,045

TOTAL MEMBERS' INTEREST
Members' other interests			869,774		863,045

			869,774		863,045

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Page 2

Masteffy Holdings LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Profit and Loss Account.

On behalf of the members

M A Skerritt

Designated Member

8 December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Masteffy Holdings LLP is a limited liability partnership, incorporated in England & Wales, registered number OC442821 . The Registered Office is 19 Napier House, Elva Way, Bexhill on Sea, East Sussex, TN39 5BF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

The financial statements are prepared in sterling which is the functional currency of the LLP.

2.2. Going Concern Disclosure

The members have not identified any material uncertainties related to events or conditions that may cast significant doubt about the LLP's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the provision of rental properties.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33% straight line

2.5. Investment Properties

All investment properties are carried at fair value determined periodically and derived from the current market rents and investment 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.

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	-
Additions	1,699

As at 31 March 2025	1,699

Depreciation
As at 1 April 2024	-
Provided during the period	566

As at 31 March 2025	566

Net Book Value
As at 31 March 2025	1,133

As at 1 April 2024	-

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Masteffy Holdings LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	858,900

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	858,900	858,900

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 April 2024	8,107

As at 31 March 2025	8,107

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	8,107

As at 1 April 2024	8,107

7. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	1,688	1,609

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	-	4,671
Accruals and deferred income	900	900

	900	5,571

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