MASCHLER PROPERTIES LIMITED


Directors	B J Maschler
	J S Maschler


Registered Address	Yew Tree House Baverstock
	Dinton
	Salisbury
	SP3 5EN


Registered Number	10405878 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		3,500		7,000
Tangible assets	4		550,000		550,000
			553,500		557,000
Current assets
Cash at bank and on hand		6,925		5,713
		6,925		5,713
Creditors amounts falling due within one year	5	(346,039)		(333,145)
Net current assets (liabilities)			(339,114)		(327,432)
Total assets less current liabilities			214,386		229,568
Creditors amounts falling due after one year	6		(110,200)		(139,480)
Net assets			104,186		90,088
Capital and reserves
Called up share capital			1		1
Revaluation reserve			12,162		12,162
Profit and loss account			92,023		77,925
Shareholders' funds			104,186		90,088

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 4 August 2026, and are signed on its behalf by:

B J Maschler
Director
Registered Company No. 10405878

MASCHLER PROPERTIES LIMITED

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

	Judgements and key sources of estimation uncertainty
	In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be appropriate. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Judgements and key sources of estimation uncertainty

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be
appropriate.

Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

	Revenue from rendering of services
	Revenue consists entirely of rental income from leasing real property. Rental income is recognised on an accrual basis in the month to which the rent relates, according to the terms of the lease agreements. Any rental payments received in advance are recorded as "Prepaid Rent" (unearned revenue) under current liabilities on the Balance Sheet and are recognized as revenue in the month they apply. Security deposits received from tenants are held as liabilities and are not recognised as revenue,

Revenue from rendering of services

Revenue consists entirely of rental income from leasing real property. Rental income is recognised on an accrual basis in the month to which the rent relates, according to the terms of the lease agreements.

Any rental payments received in advance are recorded as "Prepaid Rent" (unearned revenue) under current liabilities on the Balance Sheet and are recognized as revenue in the month they apply. Security deposits received from tenants are held as liabilities and are not recognised as revenue,

	Current taxation
	The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Current taxation

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Amortisation
	Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Goodwill - 10% Straight line

	Goodwill
	Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

	Tangible fixed assets and depreciation
	Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

	Trade and other debtors
	Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade and other debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

	Trade and other creditors
	Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		1

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 January 25	35,000	35,000
At 31 December 25	35,000	35,000
Amortisation and impairment
At 01 January 25	28,000	28,000
Charge for year	3,500	3,500
At 31 December 25	31,500	31,500
Net book value
At 31 December 25	3,500	3,500
At 31 December 24	7,000	7,000

4.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 January 25	550,000	29,999	579,999
At 31 December 25	550,000	29,999	579,999
Depreciation and impairment
At 01 January 25	-	29,999	29,999
At 31 December 25	-	29,999	29,999
Net book value
At 31 December 25	550,000	-	550,000
At 31 December 24	550,000	-	550,000


	Included within the net book value of land and buildings above is £550,000 (2024 - £550,000) in respect of freehold land and buildings. Investment properties were revalued on 31 December 2017 by the director. The valuation was conducted at current open market value and there has been no valuation carried out by an independent valuer. The fair value of the property has not materially changed since this date.

Included within the net book value of land and buildings above is £550,000 (2024 - £550,000) in respect of freehold land and buildings.

Investment properties were revalued on 31 December 2017 by the director. The valuation was conducted at current open market value and there has been no valuation carried out by an independent valuer.

The fair value of the property has not materially changed since this date.

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,003	-
Amounts owed to related parties	332,737	326,737
Taxation and social security	11,502	5,508
Accrued liabilities and deferred income	797	900
Total	346,039	333,145

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	110,200	139,480
Total	110,200	139,480

7.	Share capital
	Allotted, called up and fully paid shares 1 Ordinary shares of £1 each

8.	Related party transactions
	Summary of transactions with other related parties During the year Maschler Properties Limited charged Maschler Pubs Ltd £Nil (2024: £30,000) for rent. Mr Maschler is a director and shareholder of Maschler Pubs Ltd. An amount of £326,737 (2024: £326,737) is owed to Maschler Pubs Ltd at the year end and is included witihin other creditors.