Company registration number: NI641827
Annual report and unaudited financial statements
for the year ended 30 June 2026
for
Mascon Properties Limited
Pages for filing with the Registrar
Company registration number: NI641827
Mascon Properties Limited
Balance sheet
as at 30 June 2026
2026 2025
Note £ £ £ £
Fixed assets
Tangible assets 4 273,816 273,916
273,816 273,916
Current assets
Debtors 762 763
Cash at bank and in hand 20,523 16,408
21,285 17,171
Creditors: amounts falling due within one year
(22,881) (23,267)
Net current liabilities (1,596) (6,096)
Total assets less current liabilities 272,220 267,820
NET ASSETS 272,220 267,820
Capital and reserves
Called up share capital 500 500
Profit and loss account 271,720 267,320
TOTAL EQUITY 272,220 267,820
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 June 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.
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Company registration number: NI641827
Mascon Properties Limited
Balance sheet - continued
as at 30 June 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 A Smyth, Director
11 September 2026
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Mascon Properties Limited
Notes to the financial statements
for the year ended 30 June 2026
1 Company information
Mascon Properties Limited is a private company registered in Northern Ireland. Its registered number is NI641827. The company is limited by shares. Its registered office is 35 Rocks Chapel Road, Downpatrick, County Down, BT30 9BA.
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.
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.
Land and buildings:
Freehold property - 0% reducing balance
Plant and machinery etc.:
Fixtures & fittings - 15% reducing balance
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.
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Mascon Properties Limited
Notes to the financial statements - continued
for the year ended 30 June 2026
3 Average number of employees
During the year the average number of employees was 1 (2025 - 1).
4 Tangible fixed assets
Land and buildings
Plant and machinery etc.

Totals
£ £ £
Cost
At 1 July 2025 273,250 1,500 274,750
At 30 June 2026 273,250 1,500 274,750
Depreciation
At 1 July 2025 - 834 834
Charge for year - 100 100
At 30 June 2026 - 934 934
Net book value
At 30 June 2026 273,250 566 273,816
At 30 June 2025 273,250 666 273,916
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 30 June 2026 and 30 June 2025.
2026 2025
£ £
Mr Adrian Smyth
Balance outstanding at start of year 63 (510)
Amounts advanced - 573
Balance outstanding at end of year 63 63
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