Mastersons Properties Limited 05097161 false 2024-07-01 2025-06-30 2025-06-30 The principal activity of the company is that of estate agents. Digita Accounts Production Advanced 6.30.9574.0 true 05097161 2024-07-01 2025-06-30 05097161 2025-06-30 05097161 core:RetainedEarningsAccumulatedLosses 2025-06-30 05097161 core:ShareCapital 2025-06-30 05097161 core:CurrentFinancialInstruments 2025-06-30 05097161 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 05097161 core:Non-currentFinancialInstruments core:AfterOneYear 2025-06-30 05097161 core:CustomerRelationships 2025-06-30 05097161 core:FurnitureFittingsToolsEquipment 2025-06-30 05097161 core:MotorVehicles 2025-06-30 05097161 bus:SmallEntities 2024-07-01 2025-06-30 05097161 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 05097161 bus:FilletedAccounts 2024-07-01 2025-06-30 05097161 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 05097161 bus:RegisteredOffice 2024-07-01 2025-06-30 05097161 bus:CompanySecretaryDirector1 2024-07-01 2025-06-30 05097161 bus:Director2 2024-07-01 2025-06-30 05097161 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 05097161 bus:Agent1 2024-07-01 2025-06-30 05097161 core:CustomerRelationships 2024-07-01 2025-06-30 05097161 core:FurnitureFittings 2024-07-01 2025-06-30 05097161 core:FurnitureFittingsToolsEquipment 2024-07-01 2025-06-30 05097161 core:MotorVehicles 2024-07-01 2025-06-30 05097161 countries:EnglandWales 2024-07-01 2025-06-30 05097161 2024-06-30 05097161 core:CustomerRelationships 2024-06-30 05097161 core:FurnitureFittingsToolsEquipment 2024-06-30 05097161 core:MotorVehicles 2024-06-30 05097161 2023-07-01 2024-06-30 05097161 2024-06-30 05097161 core:RetainedEarningsAccumulatedLosses 2024-06-30 05097161 core:ShareCapital 2024-06-30 05097161 core:CurrentFinancialInstruments 2024-06-30 05097161 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 05097161 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 05097161 core:FurnitureFittingsToolsEquipment 2024-06-30 05097161 core:MotorVehicles 2024-06-30 iso4217:GBP xbrli:pure

Registration number: 05097161

Mastersons Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Mastersons Properties Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 7

Mastersons Properties Limited

Company Information

Directors | Mrs M Pursey Mr S Pursey

Company secretary | Mrs M Pursey

Registered office | 202 Field End Road Eastcote Pinner Middlesex HA5 1RD

Accountants | Landmark Accountants Limited Leavesden Park 5 Hercules Way Watford Hertfordshire WD25 7GS

Mastersons Properties Limited

(Registration number: 05097161)
Balance Sheet as at 30 June 2025

| Note | 2025 | 2024
|  | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 50,138 |  | 73,443
Current assets |  |  |  |  |
Debtors | 6 | 168,830 |  | 111,625 |
Cash at bank and in hand |  | 861,705 |  | 571,701 |
|  | 1,030,535 |  | 683,326 |
Creditors: Amounts falling due within one year | 7 | (373,070) |  | (248,861) |
Net current assets |  |  | 657,465 |  | 434,465
Total assets less current liabilities |  |  | 707,603 |  | 507,908
Creditors: Amounts falling due after more than one year | 7 |  | - |  | (9,363)
Provisions for liabilities |  |  | (9,909) |  | (15,525)
Net assets |  |  | 697,694 |  | 483,020
Capital and reserves |  |  |  |  |
Called up share capital |  | 100 |  | 100 |
Profit and loss account |  | 697,594 |  | 482,920 |
Total equity |  |  | 697,694 |  | 483,020

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 March 2026 and signed on its behalf by:

......................................... Mr S Pursey Director

Mastersons Properties Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
202 Field End Road
Eastcote
Pinner
Middlesex
HA5 1RD
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Mastersons Properties Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 20% reducing balance
Furniture, fittings & equipment | 25% straight line

Intangible assets

Separately acquired customer-related intangible assets are shown at historical cost.
Customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Contractual customer relationships | Over 5 years from 3 October 2016

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Mastersons Properties Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
Recognition and measurement
Basic financial instruments are recognised at amortised cost.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2024 - 18).

4 | Intangible assets

| Contractual customer relationships £ | Total £
Cost or valuation
At 1 July 2024 | 26,319 | 26,319
At 30 June 2025 | 26,319 | 26,319
Amortisation
At 1 July 2024 | 26,319 | 26,319
At 30 June 2025 | 26,319 | 26,319
Carrying amount
At 30 June 2025 | - | -

Mastersons Properties Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 July 2024 | 77,437 | 89,374 | 166,811
Additions | 341 | - | 341
At 30 June 2025 | 77,778 | 89,374 | 167,152
Depreciation
At 1 July 2024 | 60,002 | 33,366 | 93,368
Charge for the year | 12,444 | 11,202 | 23,646
At 30 June 2025 | 72,446 | 44,568 | 117,014
Carrying amount
At 30 June 2025 | 5,332 | 44,806 | 50,138
At 30 June 2024 | 17,435 | 56,008 | 73,443

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 139,846 | 88,991
Other debtors | 18,003 | 8,863
Prepayments | 10,981 | 13,771
| 168,830 | 111,625

7 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 12,812 | 6,769
Taxation and social security | 211,135 | 113,940
Other creditors | 149,123 | 128,152
| 373,070 | 248,861

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Due after one year |  |
Other financial liabilities | - | 9,363

Mastersons Properties Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £177,687 (2024 - £214,687). This represents the lease rentals commitments.

Amounts disclosed in the balance sheet

Included in the balance sheet are pensions of £1,364 (2024 - £1,848).