Company No: 11118528 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Catherine Kelly
	Jonathan Kelly

REGISTERED OFFICE	The Spa Hotel Saltburn Bank
	Saltburn
	Saltburn By The Sea
	TS12 1HH
	United Kingdom

COMPANY NUMBER

11118528 (England and Wales)

ACCOUNTANT	Morrell Middleton Ltd
	Wellington House
	Aviator Court
	Clifton Moor
	York
	YO30 4UZ
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	6,900		9,200
Tangible assets	4	439,620		501,566
		446,520		510,766
Current assets
Stocks	5	29,200		31,980
Debtors	6	269,463		216,938
Cash at bank and in hand	7	23,464		150,850
		322,127		399,768
Creditors: amounts falling due within one year	8	( 548,587)		( 619,406)
Net current liabilities		(226,460)		(219,638)
Total assets less current liabilities		220,060		291,128
Creditors: amounts falling due after more than one year	9	( 52,912)		( 107,224)
Net assets		167,148		183,904
Capital and reserves
Called-up share capital	10	100		100
Profit and loss account		167,048		183,804
Total shareholders' funds		167,148		183,904

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Mascallkelly Limited (registered number: 11118528) were approved and authorised for issue by the Board of Directors on 14 August 2026. They were signed on its behalf by:

Jonathan Kelly Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Mascallkelly Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Spa Hotel Saltburn Bank, Saltburn, Saltburn By The Sea, TS12 1HH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	15 % reducing balance
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	81		72

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2025	23,000		23,000
At 31 December 2025	23,000		23,000
Accumulated amortisation
At 01 January 2025	13,800		13,800
Charge for the financial year	2,300		2,300
At 31 December 2025	16,100		16,100
Net book value
At 31 December 2025	6,900		6,900
At 31 December 2024	9,200		9,200

4. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 January 2025	783,610		1,762		785,372
Additions	13,624		1,101		14,725
At 31 December 2025	797,234		2,863		800,097
Accumulated depreciation
At 01 January 2025	282,171		1,635		283,806
Charge for the financial year	76,459		212		76,671
At 31 December 2025	358,630		1,847		360,477
Net book value
At 31 December 2025	438,604		1,016		439,620
At 31 December 2024	501,439		127		501,566

5. Stocks

	2025		2024
	£		£
Stocks	29,200		31,980

6. Debtors

	2025		2024
	£		£
Trade debtors	0		11,080
Corporation tax	0		7,639
Other debtors	269,463		198,219
	269,463		216,938

7. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	23,464		150,850

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	33,333		20,884
Trade creditors	126,866		136,453
Taxation and social security	281,821		212,932
Other creditors	106,567		249,137
	548,587		619,406

9. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	52,912		107,224

There are no amounts included above in respect of which any security has been given by the small entity.

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100