Masonwright Properties Ltd - Filleted accounts

Registered number

14388015

Masonwright Properties Ltd

Filleted Accounts

30 September 2025

Masonwright Properties Ltd
Registered number:		14388015
Balance Sheet
as at 30 September 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		4,256			5,812
Investments	4		343,963			343,981
			348,219			349,793

Current assets
Debtors	5	980			987
Cash at bank and in hand		2,855			35,889
		3,835			36,876

Creditors: amounts falling due within one year	6	(148,765)			(201,916)

Net current liabilities			(144,930)			(165,040)

Total assets less current liabilities			203,289			184,753

Creditors: amounts falling due after more than one year	7		(312,773)			(288,084)



Net liabilities			(109,484)			(103,331)

Capital and reserves
Called up share capital			2			2
Profit and loss account			(109,486)			(103,333)

Shareholders' funds			(109,484)			(103,331)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dean Wright			Matthew Mason
Director			Director
Approved by the board on 15 May 2026

Masonwright Properties Ltd
Notes to the Accounts
for the year ended 30 September 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Investments
	Property investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	2		2


3	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	At 1 October 2024			6,225
	At 30 September 2025			6,225

	Depreciation
	At 1 October 2024			413
	Charge for the year			1,556
	At 30 September 2025			1,969

	Net book value
	At 30 September 2025			4,256
	At 30 September 2024			5,812


4	Investments

Other
investments
£
	Cost
	At 1 October 2024			343,981
	Adjustment			(18)

	At 30 September 2025			343,963


5	Debtors	2025		2024
£			£

	Other debtors	980		987


6	Creditors: amounts falling due within one year	2025		2024
£			£

	Trade creditors	-		943
	Other creditors	148,765		200,973
		148,765		201,916


7	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	312,773		288,084


8	Related party transactions
	Included in other creditors is £16,350 (2024:£16,350) owed to Go Fly Aviation Ltd which is a
	company under common control. Amounts of £46,792 (2024: £62,939) and £63,115
	(2024: £79,289) were owed to Matthew Mason and Dean Wright respectively.

9	Other information

	Masonwright Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	7 Langdale Road
	Dewsbury
	West Yorkshire
	WF12 7EQ