Company registration number: 9384404
Annual report and unaudited financial statements
for the year ended 31 January 2026
for
Masagi Ltd
Pages for filing with the Registrar
Company registration number: 9384404
Masagi Ltd
Balance sheet
as at 31 January 2026
2026 2025
Note £ £ £ £
Fixed assets
Intangible assets 4 17,044 39,211
Tangible assets 5 4,045 5,283
Investments 6 1,229,738 1,034,631
1,250,827 1,079,125
Current assets
Debtors 329 19,438
Cash at bank and in hand 303,936 621,346
304,265 640,784
Creditors: amounts falling due within one year
(296,400) (266,458)
Net current assets 7,865 374,326
Total assets less current liabilities 1,258,692 1,453,451
NET ASSETS 1,258,692 1,453,451
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,258,592 1,453,351
TOTAL EQUITY 1,258,692 1,453,451
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 January 2026.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 9384404
Masagi Ltd
Balance sheet - continued
as at 31 January 2026
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.
Signed by:
Mr S Ordish, Director
12 October 2026
2
Masagi Ltd
Notes to the financial statements
for the year ended 31 January 2026
1 Company information
Masagi Ltd is a private company registered in England and Wales. Its registered number is 9384404. The company is limited by shares. Its registered office is Hillier Hopkins LLP, 45 Pall Mall, London, London, SW1Y 5JG. Its principal place of business is 23 Sloane Gardens, London, SW1W 8EB.
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 director has 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 director takes 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 director considers 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.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Development Costs - 10% straight line
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.:
Fixtures & Fittings - 25% reducing balance
3
Masagi Ltd
Notes to the financial statements - continued
for the year ended 31 January 2026
2 Accounting policies - continued
Taxation
Taxation for the year comprises current 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.
3 Average number of employees
During the year the average number of employees was 1 (2025 - 1).
4 Intangible assets
Other intangible assets

£
Cost
At 1 February 2025 221,674
At 31 January 2026 221,674
Amortisation
At 1 February 2025 182,463
Charge for year 22,167
At 31 January 2026 204,630
Net book value
At 31 January 2026 17,044
At 31 January 2025 39,211
Revalued assets
None
4
Masagi Ltd
Notes to the financial statements - continued
for the year ended 31 January 2026
5 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 February 2025 41,073
At 31 January 2026 41,073
Depreciation
At 1 February 2025 35,790
Charge for year 1,238
At 31 January 2026 37,028
Net book value
At 31 January 2026 4,045
At 31 January 2025 5,283
Cost or valuation at 31 January 2026 is represented by:
Plant and machinery etc.

£
Valuation in 2026 -
Cost 41,073
41,073
If fixtures and fittings had not been revalued, they would have been included at the following historical cost:
2026 2025
£ £
Cost 41,073 41,073
Accumulated depreciation 37,028 35,790
5
Masagi Ltd
Notes to the financial statements - continued
for the year ended 31 January 2026
6 Fixed asset investments
Investments other than loans
Other investments other than loans


£
Cost
At 1 February 2025 1,034,631
Revaluations 195,107
At 31 January 2026 1,229,738
Net book value
At 31 January 2026 1,229,738
At 31 January 2025 1,034,631
7 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025.
2026 2025
£ £
S Ordish
Balance outstanding at start of year (188,545) (179,449)
Amounts advanced (11,991) (9,096)
Balance outstanding at end of year (200,536) (188,545)
6