Masterclass Training Limited 31/03/2025 iXBRL

Company registration number: 02209621

Masterclass Training Limited

Unaudited financial statements

31 March 2025

Morris & Partners

35 Theydon Park Road

Theydon Bois

Essex CM16 7LR

Telephone 01992 813574

E-mail: chris@morrispartners.co.uk

Masterclass Training Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Masterclass Training Limited

Directors and other information


	Directors	Mr M Rimmer
		Mrs I Rimmer


	Company number	02209621


	Registered office	35 Theydon Park Road
		Theydon Bois
		Essex
		CM16 7LR


	Accountants	Morris & Partners
		35 Theydon Park Road
		Theydon Bois
		Essex
		CM16 7LR

Masterclass Training Limited

Accountants' report on the unaudited financial statements to the directors of

Masterclass Training Limited

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages 3 to 8 and you consider that the company is exempt from an audit. In accordance with your instructions we have compiled these unaudited financial statements, in order to assist you to fulfil your statutory responsibilities, from the accounting records and information supplied to us.

Morris & Partners

35 Theydon Park Road

Theydon Bois

Essex

CM16 7LR

Date: 15 December 2025

Masterclass Training Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	67,981		18,944
		_______		_______
			67,981		18,944

Current assets
Debtors	7	695,310		966,950
Cash at bank and in hand		521,219		537,259
		_______		_______
		1,216,529		1,504,209
Creditors: amounts falling due
within one year	8	( 374,550)		( 540,919)
		_______		_______
Net current assets			841,979		963,290
			_______		_______
Total assets less current liabilities			909,960		982,234

Creditors: amounts falling due
after more than one year	9		( 1,583)		( 11,787)
			_______		_______
Net assets			908,377		970,447
			_______		_______

Capital and reserves
Called up share capital			75,000		75,000
Profit and loss account			833,377		895,447
			_______		_______
Shareholders funds			908,377		970,447
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

Mr M Rimmer

Director

Company registration number: 02209621

Masterclass Training Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 35 Theydon Park Road, Theydon Bois, Essex, CM16 7LR.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Going concern

The directors have prepared these financial statements on a going concern basis. The company is dependant on the continued support of the directors Mr & Mrs Rimmer, and the ultimate repayment of the loan to the connected company Masto Ltd which they both control.The directors have pledged their support to these companies and will continue to provide funds as required.The directors have considered a period of at least 12 months from the date of approval of the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	reducing balance
Computer Equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Turnover

Overseas turnover amounted to 1%( 2024 13%) of the total turnover for the year.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 7 ).

6. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 April 2024	36,701	36,701
Additions	71,421	71,421
	_______	_______
At 31 March 2025	108,122	108,122
	_______	_______
Depreciation
At 1 April 2024	17,757	17,757
Charge for the year	22,384	22,384
	_______	_______
At 31 March 2025	40,141	40,141
	_______	_______
Carrying amount
At 31 March 2025	67,981	67,981
	_______	_______
At 31 March 2024	18,944	18,944
	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	25,081	248,230
Other debtors	670,229	718,720
	_______	_______
	695,310	966,950
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,648	10,648
Trade creditors	25,968	81,979
Corporation tax	11,219	152,740
Social security and other taxes	36,475	63,817
Other creditors	290,240	231,735
	_______	_______
	374,550	540,919
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,583	11,787
	_______	_______

10. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr M Rimmer	46,273	44,590	( 46,500)	44,363
	Mrs I Rimmer	46,273	44,590	( 46,500)	44,363
		_______	_______	_______	_______
		92,546	89,180	( 93,000)	88,726
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr M Rimmer	-	46,273	-	46,273
	Mrs I Rimmer	-	46,273	-	46,273
		_______	_______	_______	_______
		-	92,546	-	92,546
		_______	_______	_______	_______

11. Controlling party

The company is controlled by Mr & Mrs Rimmer who each hold a 50% share of the issued share capital.

12. Related Party Transactions

As at the year end the company was owed £544926 (2024-£598670) by Masto Limited in which Mr and Mrs Rimmer own 100% of the issued share capital.