REGISTERED NUMBER: 08463138 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Mass Hallucination Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R Del Naja

REGISTERED OFFICE:

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Herefordshire

EN6 1BW

REGISTERED NUMBER:

08463138 (England and Wales)

ACCOUNTANTS:

BBK Partnership Limited

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

FIXED ASSETS

Tangible assets

4

491,496

478,775

Investments

5

40,100

40,100

531,596

518,875

CURRENT ASSETS

Debtors

6

7,302

6,443

Cash at bank

626,285

598,703

633,587

605,146

CREDITORS

Amounts falling due within one year

7

124,466

119,455

NET CURRENT ASSETS

509,121

485,691

TOTAL ASSETS LESS CURRENT LIABILITIES

1,040,717

1,004,566

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

1,040,617

1,004,466

SHAREHOLDERS' FUNDS

1,040,717

1,004,566

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 director acknowledges his 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 director and authorised for issue on 11 December 2025 and were signed by:

R Del Naja - Director

1.	STATUTORY INFORMATION

Mass Hallucination Limited 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.

Turnover

Turnover represents net invoiced fees, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Studio equipment

-

20% on reducing balance

Motor bike

-

20% on reducing balance

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.

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.

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 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Studio

Motor

property

equipment

Artwork

bike

Totals

£

£

£

£

£

COST

At 1 April 2024

101,211

183,571

332,396

2,882

620,060

Additions

4,118

-

20,493

-

24,611

Disposals

-

(2,856

)

-

-

(2,856

)

At 31 March 2025

105,329

180,715

352,889

2,882

641,815

DEPRECIATION

At 1 April 2024

-

138,757

-

2,528

141,285

Charge for year

-

8,963

-

71

9,034

At 31 March 2025

-

147,720

-

2,599

150,319

NET BOOK VALUE

At 31 March 2025

105,329

32,995

352,889

283

491,496

At 31 March 2024

101,211

44,814

332,396

354

478,775

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2024

and 31 March 2025

40,100

NET BOOK VALUE

At 31 March 2025

40,100

At 31 March 2024

40,100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

720

720

VAT

2,332

1,746

Prepayments

4,250

3,977

7,302

6,443

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

9,744

6,038

Tax

18,800

1,520

Social security and other taxes

769

3,484

Directors' current accounts

83,649

100,413

Accrued expenses

11,504

8,000

124,466

119,455

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

1

100

100

9.	ULTIMATE CONTROLLING PARTY

The controlling party is R Del Naja.