REGISTERED NUMBER: 02798352 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Masons Textiles Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

A D Peden

Mrs M M Peden

SECRETARY:

Mrs M M Peden

REGISTERED OFFICE:

Cricketers Close

Carleton New Road

Skipton

North Yorkshire

BD23 2AZ

REGISTERED NUMBER:

02798352 (England and Wales)

ACCOUNTANTS:

Baker Fox Limited

Chartered Accountants

Owl Cotes Barn

Low Lane

Cowling

Keighley

West Yorkshire

BD22 0LE

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Masons Textiles Limited for the year ended 30 September 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Masons Textiles Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Masons Textiles Limited and state those matters that we have agreed to state to the Board of Directors of Masons Textiles Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Masons Textiles Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Masons Textiles Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Masons Textiles Limited. You consider that Masons Textiles Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Masons Textiles Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Baker Fox Limited

Chartered Accountants

Owl Cotes Barn

Low Lane

Cowling

Keighley

West Yorkshire

BD22 0LE

15 May 2026

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

115,425

1,614,526

Investments

6

72,402

92,402

187,827

1,706,928

CURRENT ASSETS

Stocks

254,853

222,148

Debtors

7

300,709

322,882

Investments

8

414,578

-

Cash at bank and in hand

1,180,841

1,534,944

2,150,981

2,079,974

CREDITORS

Amounts falling due within one year

9

196,289

153,856

NET CURRENT ASSETS

1,954,692

1,926,118

TOTAL ASSETS LESS CURRENT LIABILITIES

2,142,519

3,633,046

PROVISIONS FOR LIABILITIES

28,856

130,596

NET ASSETS

2,113,663

3,502,450

CAPITAL AND RESERVES

Called up share capital

11

30,000

30,000

Revaluation reserve

12

-

1,089,447

Retained earnings

2,083,663

2,383,003

SHAREHOLDERS' FUNDS

2,113,663

3,502,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 15 May 2026 and were signed on its behalf by:

A D Peden - Director

1.	STATUTORY INFORMATION

Masons Textiles 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Masons Textiles Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance, 25% on cost, 20% on cost, 15% on reducing balance, 10% on cost and at varying rates on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

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.

Investment in limited partnerships

The company's share of divided profits in limited partnerships is recognised in the profit and loss account on a receivable basis. The company's investment is stated at cost less any provisions.

Leasing contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

619,832

AMORTISATION

At 1 October 2024

and 30 September 2025

619,832

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 October 2024

1,475,000

1,995,359

3,470,359

Disposals

(1,500,000

)

-

(1,500,000

)

Revaluations

25,000

-

25,000

At 30 September 2025

-

1,995,359

1,995,359

DEPRECIATION

At 1 October 2024

-

1,855,833

1,855,833

Charge for year

-

24,101

24,101

At 30 September 2025

-

1,879,934

1,879,934

NET BOOK VALUE

At 30 September 2025

-

115,425

115,425

At 30 September 2024

1,475,000

139,526

1,614,526

Cost or valuation at 30 September 2025 is represented by:

Plant and

machinery

etc

£

Cost

1,995,359

6.	FIXED ASSET INVESTMENTS

Interest

Shares in

in other

group

participating

undertakings

interests

Totals

£

£

£

COST

At 1 October 2024

1,049,749

100,950

1,150,699

Disposals

-

(20,000

)

(20,000

)

At 30 September 2025

1,049,749

80,950

1,130,699

PROVISIONS

At 1 October 2024

and 30 September 2025

977,347

80,950

1,058,297

NET BOOK VALUE

At 30 September 2025

72,402

-

72,402

At 30 September 2024

72,402

20,000

92,402

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

230,220

282,742

Other debtors

70,489

40,140

300,709

322,882

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Other

414,578

-

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

103,001

45,926

Amounts owed to group undertakings

16

16

Taxation and social security

56,135

71,007

Other creditors

37,137

36,907

196,289

153,856

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

41,250

-

Between one and five years

83,750

-

125,000

-

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

30,000

Ordinary

£1

30,000

30,000

12.

RESERVES

Revaluation

reserve

£

At 1 October 2024

1,089,447

Revaluation in year

25,000

Transfer to retained earnings

(1,114,447

)

At 30 September 2025

-

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company sold it's premises at fair value to a company which is owned by a director. The premises were then leased back to the company for a normal commercial rent. The amount of rent payable in the year was £10,000. The lease is for a term of three years with rent payable of £40,000 in year one, £45,000 in year two and £50,000 in year three.

14.	ULTIMATE CONTROLLING PARTY

Masons Textiles Holdings Limited is the ultimate parent company after acquiring the entire share capital on 5 December 2024. A company registered in the United Kingdom.