Mass Holdings and Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10891371

Mass Holdings and Investments Limited

Filleted Unaudited Financial Statements

For the period ended

31 March 2025

Mass Holdings and Investments Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	187,024	265,761
Investments	6	100	100
		---------	---------
		187,124	265,861

Current assets

Debtors	7	–	406,483
Cash at bank and in hand		276,461	62,694
		---------	---------
		276,461	469,177

Creditors: amounts falling due within one year	8	136,882	146,883
		---------	---------
Net current assets		139,579	322,294
		---------	---------
Total assets less current liabilities		326,703	588,155

Provisions	1,388	6,216
	---------	---------
Net assets	325,315	581,939
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	325,215	581,839
	---------	---------
Shareholders funds	325,315	581,939
	---------	---------

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.

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 .

Mass Holdings and Investments Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 11 August 2025 , and are signed on behalf of the board by:

D J Baker

Director

Company registration number: 10891371

Mass Holdings and Investments 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 England and Wales. The address of the registered office is Optima Park, Unit 4 Thomas Road, Dartford, England, DA1 4QX.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

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

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 material 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 subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

	Motor vehicles	-	12% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 8 ).

5. Tangible assets

	Motor vehicles
	£
Cost
At 1 April 2024	1,537,056
Disposals	( 1,069,507)
	------------
At 31 March 2025	467,549
	------------
Depreciation
At 1 April 2024	1,271,295
Charge for the year	59,587
Disposals	( 1,050,357)
	------------
At 31 March 2025	280,525
	------------
Carrying amount
At 31 March 2025	187,024
	------------
At 31 March 2024	265,761
	------------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	100
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	100
	----
At 31 March 2024	100
	----

The company owns 100% of the issued share capital of Shred-On-Site Limited, a company registered in England.

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	398,264
Other debtors	–	8,219
	----	---------
	–	406,483
	----	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	108	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	20,294	–
Social security and other taxes	101,483	143,735
Other creditors	14,997	3,148
	---------	---------
	136,882	146,883
	---------	---------

9. Directors' advances, credits and guarantees

The company maintained loan accounts with the directors and these remained in credit throughout the year.

10. Controlling party

On 4 April 2025 the company was acquired and Restore Datashred Limited became the he immediate parent company, a company registered in England and Wales. The ultimate parent company at 4 April 2025 was Restore plc, a company registered in England and Wales whose shares are listed on the AIM. Consolidated accounts of Restore plc can be obtained by writing to the registered office situated at 8 Beam Reach, Coldharbour Lane, Essex, England, RM13 9YB. This is the smallest and largest group for which consoidated accounts are prepared.