REGISTERED NUMBER: 13057674 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

MASON & CROFT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

G E Mason

Mrs S O Mason

SECRETARY:

REGISTERED OFFICE:

Telegraph House

59 Wolverhampton Road

Stafford

ST17 4AW

REGISTERED NUMBER:

13057674 (England and Wales)

ACCOUNTANTS:

CHEADLES

Chartered Accountants

Telegraph House

59 Wolverhampton Road

Stafford

Staffordshire

ST17 4AW

FIXED ASSETS

Tangible assets

4

57,200

56,135

Investment property

5

546,400

505,830

603,600

561,965

CURRENT ASSETS

Cash at bank

481

680

CREDITORS

Amounts falling due within one year

6

129,139

138,218

NET CURRENT LIABILITIES

(128,658

)

(137,538

)

TOTAL ASSETS LESS CURRENT LIABILITIES

474,942

424,427

CREDITORS

Amounts falling due after more than one year

7

(332,550

)

(335,012

)

PROVISIONS FOR LIABILITIES

(15,583

)

(10,284

)

NET ASSETS

126,809

79,131

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

124,476

88,646

Retained earnings

2,233

(9,615

)

126,809

79,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2026 and were signed on its behalf by:

G E Mason - Director

1.	STATUTORY INFORMATION

Mason & Croft Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention as modified by the revaluation of certain assets.

As the directors have agreed to financially support the company for the foreseeable future the accounts have been prepared on a going concern basis.

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.

Improvements to property

-

not provided

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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 tax

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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 January 2025

54,255

3,007

949

58,211

Additions

-

1,990

-

1,990

At 31 December 2025

54,255

4,997

949

60,201

DEPRECIATION

At 1 January 2025

-

1,527

549

2,076

Charge for year

-

825

100

925

At 31 December 2025

-

2,352

649

3,001

NET BOOK VALUE

At 31 December 2025

54,255

2,645

300

57,200

At 31 December 2024

54,255

1,480

400

56,135

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

505,830

Revaluations

40,570

At 31 December 2025

546,400

NET BOOK VALUE

At 31 December 2025

546,400

At 31 December 2024

505,830

Fair value at 31 December 2025 is represented by:

£

Valuation in 2022

32,930

Valuation in 2023

42,000

Valuation in 2024

24,000

Valuation in 2025

40,570

Cost

406,900

546,400

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

2,462

2,373

Trade creditors

1

-

Taxation and social security

115

-

Other creditors

126,561

135,845

129,139

138,218

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

332,550

335,012

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

196,988

196,988

Repayable by instalments

Bank loans more 5 yr by instal

124,752

127,606

8.

RESERVES

Fair

value

reserve

£

At 1 January 2025

88,646

Reserve transfer

35,830

At 31 December 2025

124,476

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mason & Croft Ltd for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mason & Croft Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mason & Croft Ltd and state those matters that we have agreed to state to the Board of Directors of Mason & Croft Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mason & Croft Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mason & Croft Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mason & Croft Ltd. You consider that Mason & Croft Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mason & Croft Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

CHEADLES

Chartered Accountants

Telegraph House

59 Wolverhampton Road

Stafford

Staffordshire

ST17 4AW

12 September 2026