Masons Meats Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Masons Meats Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15480214 . The registered office is 128 City Road, London, EC1V 2NX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are developement costs. It is amortised to profit and loss account over its estimated economic life of 3 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20% Straight Line
Plant & Machinery	10% Straight Line
Fixtures & Fittings	10% Straight Line
Computer Equipment	33% Straight Line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Masons Meats Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 2)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	7,846
Additions	54,093
Disposals	(2,760 )

As at 31 December 2025	59,179

Amortisation
As at 1 January 2025	659
Provided during the period	9,515
Disposals	(1,117 )

As at 31 December 2025	9,057

Net Book Value
As at 31 December 2025	50,122

As at 1 January 2025	7,187

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2025	-	36,233	-	-	36,233
Additions	8,767	70,617	726	9,195	89,305
Disposals	-	(1,562 )	-	-	(1,562 )

As at 31 December 2025	8,767	105,288	726	9,195	123,976

Depreciation
As at 1 January 2025	-	802	-	-	802
Provided during the period	1,053	6,754	-	1,186	8,993
Disposals	-	(245 )	-	-	(245 )

As at 31 December 2025	1,053	7,311	-	1,186	9,550

...CONTINUED

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Masons Meats Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	7,714	97,977	726	8,009	114,426

As at 1 January 2025	-	35,431	-	-	35,431

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2025	-
Additions	226,530

As at 31 December 2025	226,530

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	226,530

As at 1 January 2025	-

During the year, the company acquired 100% of the issued share capital of Masons Meats Inc, a company incorporated in Texas, USA.

7. Stocks

	31 December 2025	31 December 2024
	£	£
Stock	133,824	10,487

8. Debtors

	31 December 2025	31 December 2024
	£	£
Due within one year
Other debtors	136,412	18,920
Prepayments and accrued income	17,541	-
Amounts owed by group undertakings	22,057	-

	176,010	18,920

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Masons Meats Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 December 2024
	£	£
Trade creditors	127,921	29,905
Other loans	-	9,230
Taxes and social security	80,886	-
Other creditors	18,865	1,926
Accruals and deferred income	23,814	-

	251,486	41,061

10. Share Capital

	31 December 2025	31 December 2024
	£	£
Allotted, Called up and fully paid	113	100

During the year the company issued ordinary shares of £0.001 each in three separate allotments.

The first allotment comprised 5,704 shares issued on 19 August 2025 for total consideration of £410,800.

The second allotment comprised 3,971 shares issued on 9 October 2025 for total consideration of £300,000.

The third allotment comprised 3,671 shares issued on 23 December 2025 for total consideration of £365,000.

In total, the company issued 13,346 ordinary shares during the year, for total consideration less issue costs, of £1,046,363. Following these allotments, the company’s allotted, called up and fully paid share capital amounted to 113,346 ordinary shares of £0.001 each at the year end.

11. Directors Advances, Credits and Guarantees

Included in other debtors is £3,933 (2024: £1,450 included in other creditors) owed from a director. During the year, the director was advanced £41,548 by the company and the director made £36,165 in repayments.

Included in other creditors is £nil from another director (2024: £476). During the year the company made repayments of £44,266 to the director, the director made £43,790 in advances to the company.

The above loans are unsecured, interest free and repayable on demand.

12. Related Party Transactions

During the year, the company provided a loan to Masons Meats Inc. At 31 December 2025, the outstanding loan balance amounted to £22,057. Interest is charged on this loan at a rate of 5% per annum.

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		31 December 2025		31 December 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		50,122		7,187
Tangible Assets	5		114,426		35,431
Investments	6		226,530		-

			391,078		42,618
CURRENT ASSETS
Stocks	7	133,824		10,487
Debtors	8	176,010		18,920
Cash at bank and in hand		796,367		934

		1,106,201		30,341
Creditors: Amounts Falling Due Within One Year	9	(251,486 )		(41,061 )

NET CURRENT ASSETS (LIABILITIES)			854,715		(10,720 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,245,793		31,898

PROVISIONS FOR LIABILITIES
Deferred Taxation			(28,500 )		(8,500 )

NET ASSETS			1,217,293		23,398

CAPITAL AND RESERVES
Called up share capital	10		113		100
Share premium account			1,046,363		-
Profit and Loss Account			170,817		23,298

SHAREHOLDERS' FUNDS			1,217,293		23,398