Maskdean Limited
Unaudited Financial Statements
For the year ended 30 November 2025
Pages for Filing with Registrar
Company Registration No. 04972750 (England and Wales)
Maskdean Limited
Company Information
Directors
S Morris
E Morris
Secretary
S Morris
Company number
04972750
Registered office
Sunrising
Restronguet Wier
Falmouth
Cornwall
TR11 5SS
Accountants
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
United Kingdom
Maskdean Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 5
Maskdean Limited
Balance Sheet
As at 30 November 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
897
1,965
Current assets
Stock
908,656
908,656
Debtors
4
3,503,154
3,634,721
Cash at bank and in hand
728,967
496,434
5,140,777
5,039,811
Creditors: amounts falling due within one year
5
(44,490)
(25,894)
Net current assets
5,096,287
5,013,917
Net assets
5,097,184
5,015,882
Capital and reserves
Called up share capital
6
51
51
Capital redemption reserve
49
49
Profit and loss reserves
5,097,084
5,015,782
Total equity
5,097,184
5,015,882

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has 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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements. true

The financial statements were approved by the board of directors and authorised for issue on 4 June 2026 and are signed on its behalf by:
S Morris
Director
Company Registration No. 04972750
Maskdean Limited
Notes to the Financial Statements
For the year ended 30 November 2025
Page 2
1
Accounting policies
Company information

Maskdean Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sunrising, Restronguet Wier, Falmouth, Cornwall, TR11 5SS.

1.1
Basis of preparation

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the invoiced value of goods and services provided.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

Stock held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

Maskdean Limited
Notes to the Financial Statements (Continued)
For the year ended 30 November 2025
1
Accounting policies
(Continued)
Page 3
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

Basic financial instruments are measured at amortised cost. The company has no other financial instruments or basic financial instruments measured at fair value.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
0
Maskdean Limited
Notes to the Financial Statements (Continued)
For the year ended 30 November 2025
Page 4
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2024 and 30 November 2025
3,203
Depreciation and impairment
At 1 December 2024
1,238
Depreciation charged in the year
1,068
At 30 November 2025
2,306
Carrying amount
At 30 November 2025
897
At 30 November 2024
1,965
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
3,502,832
3,634,721
Prepayments and accrued income
322
-
0
3,503,154
3,634,721
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
29,253
19,874
Other taxation and social security
9,473
-
0
Other creditors
1,564
2,020
Accruals and deferred income
4,200
4,000
44,490
25,894
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
51
51
51
51
Maskdean Limited
Notes to the Financial Statements (Continued)
For the year ended 30 November 2025
Page 5
7
Related party transactions

The company has provided a loan to a connected company which is unsecured. The balance outstanding at the year end was £1,252,817 (2024: £2,952,817).

Amounts outstanding from directors at the year end totalled £1,127 (2024: £1,350 owed to directors).

During the year, the company provided a loan to a company in which a director has a controlling interest, which is unsecured. The balance outstanding at the year end was £1,488,888 (2024: £nil).

8
Controlling party

The controlling party is the director S. Morris by virtue of his majority holding of the issued share capital.

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