Silverfin false false 30/11/2025 01/12/2024 30/11/2025 Mrs H I Master 15/09/2008 Mr I I Master 15/09/2008 Mr M I Master 12/09/2008 07 July 2026 The principal activity of the Company during the financial year was the leasing of a petrol station. 06696106 2025-11-30 06696106 bus:Director1 2025-11-30 06696106 bus:Director2 2025-11-30 06696106 bus:Director3 2025-11-30 06696106 2024-11-30 06696106 core:CurrentFinancialInstruments 2025-11-30 06696106 core:CurrentFinancialInstruments 2024-11-30 06696106 core:ShareCapital 2025-11-30 06696106 core:ShareCapital 2024-11-30 06696106 core:RetainedEarningsAccumulatedLosses 2025-11-30 06696106 core:RetainedEarningsAccumulatedLosses 2024-11-30 06696106 core:InvestmentPropertyIncludedWithinPPE 2024-11-30 06696106 core:InvestmentPropertyIncludedWithinPPE 2025-11-30 06696106 2024-12-01 2025-11-30 06696106 bus:FilletedAccounts 2024-12-01 2025-11-30 06696106 bus:SmallEntities 2024-12-01 2025-11-30 06696106 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 06696106 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 06696106 bus:Director1 2024-12-01 2025-11-30 06696106 bus:Director2 2024-12-01 2025-11-30 06696106 bus:Director3 2024-12-01 2025-11-30 06696106 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Company No: 06696106 (England and Wales)

# MASTER GARAGES LIMITED

### Unaudited Financial Statements
For the financial year ended 30 November 2025
Pages for filing with the registrar

MASTER GARAGES LIMITED

## Unaudited Financial Statements

For the financial year ended 30 November 2025

Contents

MASTER GARAGES LIMITED

## COMPANY INFORMATION

For the financial year ended 30 November 2025
MASTER GARAGES LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 30 November 2025

DIRECTORS | Mrs H I Master
| Mr I I Master
| Mr M I Master

REGISTERED OFFICE | 2 Hawkshaw Bank Road
| Lammack
| Blackburn
| BB1 8JS
| United Kingdom

COMPANY NUMBER | 06696106 (England and Wales)

ACCOUNTANT | AAB
| Carlyle House
| 78 Chorley New Road
| Bolton
| United Kingdom

MASTER GARAGES LIMITED

## BALANCE SHEET

As at 30 November 2025
MASTER GARAGES LIMITED

## BALANCE SHEET (continued)

As at 30 November 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 2,000,000 |  | 2,000,000
|  | 2,000,000 |  | 2,000,000
Current assets |  |  |  |
Debtors | 4 | 1,427,287 |  | 1,520,046
Cash at bank and in hand |  | 55,531 |  | 73,887
|  | 1,482,818 |  | 1,593,933
Creditors: amounts falling due within one year | 5 | ( 1,052,397) |  | ( 1,055,416)
Net current assets |  | 430,421 |  | 538,517
Total assets less current liabilities |  | 2,430,421 |  | 2,538,517
Provision for liabilities | 6 | ( 370,842) |  | ( 370,842)
Net assets |  | 2,059,579 |  | 2,167,675
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 2,059,479 |  | 2,167,575
Total shareholders' funds |  | 2,059,579 |  | 2,167,675

For the financial year ending 30 November 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 financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Master Garages Limited (registered number: 06696106) were approved and authorised for issue by the Board of Directors on 07 July 2026. They were signed on its behalf by:

Mr M I Master Director |

MASTER GARAGES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025
MASTER GARAGES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Master Garages Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Hawkshaw Bank Road, Lammack, Blackburn, BB1 8JS, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property | not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 3. Tangible assets

| Investment property |  | Total
| £ |  | £
Cost |  |  |
At 01 December 2024 | 2,151,249 |  | 2,151,249
At 30 November 2025 | 2,151,249 |  | 2,151,249
Accumulated depreciation |  |  |
At 01 December 2024 | 151,249 |  | 151,249
At 30 November 2025 | 151,249 |  | 151,249
Net book value |  |  |
At 30 November 2025 | 2,000,000 |  | 2,000,000
At 30 November 2024 | 2,000,000 |  | 2,000,000

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 20,000 |  | 20,000
Other debtors | 1,407,287 |  | 1,500,046
| 1,427,287 |  | 1,520,046

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Taxation and social security | 14,325 |  | 13,353
Other creditors | 1,038,072 |  | 1,042,063
| 1,052,397 |  | 1,055,416

#### 6. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 370,842 |  | 370,842