Company registration number: 07659081
Annual report and unaudited financial statements
for the year ended 30 November 2025
for
Maymask (171) Limited
Pages for filing with the Registrar
Company registration number: 07659081
Maymask (171) Limited
Balance sheet
as at 30 November 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 1 1
Investments 5 377,853 252,136
Investment property 6 1,016,500 689,994
1,394,354 942,131
Current assets
Debtors 7 14,402 9,889
Cash at bank and in hand 112,883 136,974
127,285 146,863
Creditors: amounts falling due within one year
8 (104,804) (372,494)
Net current assets/(liabilities) 22,481 (225,631)
Total assets less current liabilities 1,416,835 716,500
Creditors: Amounts falling due after more than one year
9 (800,000) (447,653)
NET ASSETS 616,835 268,847
Capital and reserves
Called up share capital 2 2
Profit and loss account 616,833 268,845
TOTAL EQUITY 616,835 268,847
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 November 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 07659081
Maymask (171) Limited
Balance sheet - continued
as at 30 November 2025
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 7 August 2026 and signed on its behalf by:
Dr A Narsesian, Director
7 August 2026
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Maymask (171) Limited
Notes to the financial statements
for the year ended 30 November 2025
1 Company information
Maymask (171) Limited is a private company registered in England and Wales. Its registered number is 07659081. The company is limited by shares. Its registered office is Lady Stephenson Library, Welbeck Road, Newcastle Upon Tyne, Tyne & Wear, NE6 2PA.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Computer equipment - 25% straight line
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
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Maymask (171) Limited
Notes to the financial statements - continued
for the year ended 30 November 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 December 2024 2,892
At 30 November 2025 2,892
Depreciation
At 1 December 2024 2,891
At 30 November 2025 2,891
Net book value
At 30 November 2025 1
At 30 November 2024 1
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Maymask (171) Limited
Notes to the financial statements - continued
for the year ended 30 November 2025
5 Fixed asset investments
Investments other than loans
Other investments other than loans


£
Cost
At 1 December 2024 252,136
Additions 81,684
Disposals (14,584)
Revaluations 58,617
At 30 November 2025 377,853
Net book value
At 30 November 2025 377,853
At 30 November 2024 252,136
6 Investment property
£
Valuation
At 1 December 2024 689,994
Revaluations 326,506
At 30 November 2025 1,016,500
7 Debtors
2025 2024
£ £
Other debtors 14,402 9,889
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Maymask (171) Limited
Notes to the financial statements - continued
for the year ended 30 November 2025
8 Creditors: amounts falling due within one year
2025 2024
£ £
Amounts owed to directors 12,546 364,127
Taxation 90,818 6,477
Accruals and deferred income 1,440 1,890
104,804 372,494
9 Creditors: amounts falling due after more than one year
2025 2024
£ £
Other creditors 800,000 447,653
10 Related party transactions
As at 30 November 2025, Dr A Narsesian and Mrs V Narsesian (directors of the company) were owed £812,546 (year ended 30 November 2024 - £811,780). This balance arose in relation to a loan. During the year, dividends of £25,000 were paid to the directors’ (year ended 30 November 2024 - £15,000).

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