Company registration number 10380715 (England and Wales)
MASON ARMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
MASON ARMS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
MASON ARMS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
1,500,000
1,500,000
Current assets
Debtors
4
130,891
130,891
Cash at bank and in hand
6,799
4,506
137,690
135,397
Creditors: amounts falling due within one year
5
(464,198)
(298,897)
Net current liabilities
(326,508)
(163,500)
Total assets less current liabilities
1,173,492
1,336,500
Creditors: amounts falling due after more than one year
6
(1,446,505)
(1,474,873)
Net liabilities
(273,013)
(138,373)
Capital and reserves
Called up share capital
7
3
3
Profit and loss reserves
(273,016)
(138,376)
Total equity
(273,013)
(138,373)

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

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 28 July 2026 and are signed on its behalf by:
Mrs C K Salisbury
Director
Company registration number 10380715 (England and Wales)
MASON ARMS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 January 2024
3
(8,317)
(8,314)
Year ended 31 December 2024:
Loss for the year
-
(130,059)
(130,059)
Balance at 31 December 2024
3
(138,376)
(138,373)
Year ended 31 December 2025:
Loss for the year
-
(134,640)
(134,640)
Balance at 31 December 2025
3
(273,016)
(273,013)
MASON ARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Mason Arms Limited is a private company limited by shares incorporated in England and Wales. The registered office is 82 St John Street, London, EC1M 4JN.

1.1
Accounting convention

These financial statements have been prepared in accordance with 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts 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
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with bank.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

MASON ARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment s discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
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.

1.7
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
3
3
3
Investment property
2025
£
Fair value
At 1 January 2025 and 31 December 2025
1,500,000

Investment property comprises Mason Arms and Mason Cottage, Station Road, South Leigh, Witney OX29 6XN. The fair value of the investment property has been arrived at on the basis of the valuation for the finance arrangements.

If the investment property had not been revalued, it would be held at historical cost of £1,010,115 (2024:
£1,010,115).
MASON ARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
130,891
130,891
5
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
404,238
239,237
Other creditors
59,960
59,660
464,198
298,897
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loan
1,446,505
1,474,873

The long-term loans are secured by fixed and floating charges over the freehold property known as the Mason Arms and Mason Cottage, Station Road, South Leigh, Witney OX29 6XN.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
3 Ordinary shares of £1 each
3
3
3
3
8
Related party transactions
2025
2024
Amounts due to related parties
£
£
Artist Residence Penzance Ltd
81,810
81,810
Artist Residence Brighton Ltd
89,325
89,325
Artist Residence London Ltd
68,103
68,102
Artist Residence Group Ltd
165,000
-
Elgnatco Limited
56,660
56,660
460,898
295,897
MASON ARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
8
Related party transactions
(Continued)
- 6 -

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Artist Residence Oxford Ltd
53,365
53,365
Artist Residence Bristol Ltd
77,523
77,523
130,888
130,888
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