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Company Registration No. 15193315 (England and Wales)
Masal Properties Ltd Unaudited accounts for the year ended 31 October 2025
Masal Properties Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Masal Properties Ltd Company Information for the year ended 31 October 2025
Director
Mr Ali Seydi Gok
Company Number
15193315 (England and Wales)
Registered Office
67 Dalrymple Close London London N14 4LJ England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JY
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Masal Properties Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
393,694
381,694
Current assets
Cash at bank and in hand
955
1,965
Creditors: amounts falling due within one year
5
(139,577)
(138,950)
Net current liabilities
(138,622)
(136,985)
Total assets less current liabilities
255,072
244,709
Creditors: amounts falling due after more than one year
6
(249,260)
(249,260)
Provisions for liabilities
Deferred tax
(2,280)
-
Net assets/(liabilities)
3,532
(4,551)
Capital and reserves
Called up share capital
7
100
100
Revaluation reserve
9,720
-
Profit and loss account
(6,288)
(4,651)
Shareholders' funds
3,532
(4,551)
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 July 2026 and were signed on its behalf by
Mr Ali Seydi Gok Director Company Registration No. 15193315
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Masal Properties Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Masal Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 15193315. The registered office is 67 Dalrymple Close, London, London, N14 4LJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
4
Investment property
2025
£
Fair value at 1 November 2024
381,694
Additions
12,000
At 31 October 2025
393,694
5
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
138,977
138,350
Accruals
600
600
139,577
138,950
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Masal Properties Ltd Notes to the Accounts for the year ended 31 October 2025
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
249,260
249,260
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Included within other creditors is an amount of £138,977 (2024;£138,350) due to its directors. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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