REGISTERED NUMBER: 08368941 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

MASON PROPERTIES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

L J Mason

REGISTERED OFFICE:

80 The Common

Parbold

Wigan

Lancashire

WN8 7EA

REGISTERED NUMBER:

08368941 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

BANKERS:

Handelsbanken

Unit 5 Beecham Court

Wigan

WN3 6PR

FIXED ASSETS

Investment property

4

10,328,463

7,537,912

CURRENT ASSETS

Debtors

5

83,966

196,015

Cash at bank and in hand

245,081

116,090

329,047

312,105

CREDITORS

Amounts falling due within one year

6

7,265,682

5,217,827

NET CURRENT LIABILITIES

(6,936,635

)

(4,905,722

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,391,828

2,632,190

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

3,391,827

2,632,189

SHAREHOLDERS' FUNDS

3,391,828

2,632,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

L J Mason - Director

1.	STATUTORY INFORMATION

Mason Properties 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.

Turnover

Turnover is measured at the fair value of the consideration receivable for rental and other charges, stated net of Value Added Tax.

The company recognises revenue on a straight line basis over the lease term.

Investment property

Investment property is included at fair value. Changes in fair value are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments

Short term financial assets, including trade and other debtors and cash and bank balances, are measured at the transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Short term financial liabilities, including trade and other creditors and directors loan account, are measured at the transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

7,537,912

Additions

2,790,551

At 5 April 2025

10,328,463

NET BOOK VALUE

At 5 April 2025

10,328,463

At 5 April 2024

7,537,912

As at 5 April 2025 the director considers the fair value of the investment properties to be £10.33m.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

83,966

196,015

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

193,762

124,674

Amounts owed to related parties

4,959,470

3,067,457

Tax

272,648

192,244

Social security and other taxes

7,263

3,922

Other creditors

65,075

65,075

Director's loan account

1,764,714

1,762,954

Accrued expenses

2,750

1,501

7,265,682

5,217,827

7.	SECURED DEBTS

Any indebtedness to Handelsbanken is secured by a fixed charge over the investment properties.