Masonbrook Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02061283 (England and Wales)

MASONBROOK GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr M A Smith

REGISTERED OFFICE:

Avebury House

St Peter Street

Winchester

Hampshire

SO23 8BN

REGISTERED NUMBER:

02061283 (England and Wales)

ACCOUNTANTS:

Rothmans LLP

Chartered Accountants

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

BANKERS:

National Westminster

275/277 High Street

Hounslow

Middlesex

TW3 1EG

The following reproduces the text of the report prepared for the director 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 Director 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

Masonbrook Group Limited for the year ended 31 August 2019 which comprise the Income Statement, Balance Sheet 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 director of Masonbrook Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Masonbrook Group Limited and state those matters that we have agreed to state to the director of Masonbrook Group Limited 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 Masonbrook Group Limited and its director for our work or for this report.

It is your duty to ensure that Masonbrook Group Limited 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 Masonbrook Group Limited. You consider that Masonbrook Group Limited 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 Masonbrook Group Limited. 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.

Rothmans LLP

Chartered Accountants

Fryern House

125 Winchester Road

Chandlers Ford

Hampshire

SO53 2DR

28 May 2020

FIXED ASSETS

Tangible assets

4

747

1,337

Investments

5

1

1

Investment property

6

3,718,288

3,718,288

3,719,036

3,719,626

CURRENT ASSETS

Debtors

7

251,584

265,984

Cash at bank and in hand

772,568

335,947

1,024,152

601,931

CREDITORS

Amounts falling due within one year

8

567,276

803,222

NET CURRENT ASSETS/(LIABILITIES)

456,876

(201,291

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,175,912

3,518,335

CREDITORS

Amounts falling due after more than one year

9

(600,000

)

-

PROVISIONS FOR LIABILITIES

(376,420

)

(376,420

)

NET ASSETS

3,199,492

3,141,915

CAPITAL AND RESERVES

Called up share capital

84,404

84,404

Capital redemption reserve

15,596

15,596

Fair value reserve

11

2,380,743

2,380,743

Retained earnings

718,749

661,172

SHAREHOLDERS' FUNDS

3,199,492

3,141,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 May 2020 and were signed by:

Mr M A Smith - Director

1.	STATUTORY INFORMATION

Masonbrook Group Limited is a private company, limited by shares, registered in England and Wales. The company's registered

number is 02061283 and the registered office address is Avebury House, St Peter Street, Winchester, Hampshire, SO23 8BN.

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.

The presentation currency is £ sterling.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting

Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries

within the group.

Significant judgements and estimates

The preparation of the financial statements require management to make judgements, estimates and assumptions that affect

the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and

expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

Key sources of estimation uncertainty:

1) Fair value of investment property

The fair value of the property is subject to estimation by the directors. In considering the fair value, directors review rental yields,

market conditions and reference to external professional valuations.

Turnover

Turnover mainly consists of rent and maintenance charges (excluding value added tax) which are invoiced quarterly at an

agreed rate and adjusted for accrued and deferred income where applicable.

Fixed assets

All fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated

impairment losses.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the

asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

Depreciation is provided at rates calculated to write off the costs less residual value of each asset over its expected useful life,

as follows:

Office Equipment - 33% straight line

Motor Vehicles - 25% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investment property

Land and buildings are considered to be investment properties by the directors. The investment properties are revalued

annually to open market value and no depreciation is provided. The director considers that this accounting policy results in the

financial statements giving a true and fair view. The effect of this departure from the Companies Act 2006 has not been

quantified because it is impracticable and, in the opinion of the directors, would be misleading.

The aggregate surplus or deficit arising on revaluation is transferred to the revaluation reserve except where a deficit is deemed

to represent a permanent diminution in value, in which case it is charged to the profit and loss account.

The investment properties are shown at their fair value which is revalued every year. Any movement in fair value is recognised

in the fair value reserve. Deferred tax is recognised on any fair value adjustments.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.

Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately

from those of the company. The annual contributions payable are charged to the profit and loss account.

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 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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date

where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have

occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results are

stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from

those in which they are recognised in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are

expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is measured on a non-discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 September 2018

and 31 August 2019

5,797

18,395

24,192

DEPRECIATION

At 1 September 2018

4,460

18,395

22,855

Charge for year

590

-

590

At 31 August 2019

5,050

18,395

23,445

NET BOOK VALUE

At 31 August 2019

747

-

747

At 31 August 2018

1,337

-

1,337

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2018

and 31 August 2019

100,000

PROVISIONS

At 1 September 2018

and 31 August 2019

99,999

NET BOOK VALUE

At 31 August 2019

1

At 31 August 2018

1

The company has a 30% holding in Sunriser Espresso Pty Limited, a coffee retailer based in Australia. The financial information

of the company is considered immaterial so not disclosed.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2018

and 31 August 2019

3,718,288

NET BOOK VALUE

At 31 August 2019

3,718,288

At 31 August 2018

3,718,288

Freehold property is considered to be investment properties by the directors.

The market value of the investment properties has been assessed by the directors.

The historical cost of the investment properties are £967,840 (2018: £967,840).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

5,375

46,273

Amounts owed by group undertakings

207,109

207,154

Other debtors

29,603

-

Prepayments and accrued income

9,497

12,557

251,584

265,984

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

-

197,329

Trade creditors

176,871

185,690

Taxation and social security

26,107

8,710

Other creditors

364,298

411,493

567,276

803,222

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

600,000

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more than 5 years - non-instalments

600,000

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

600,000

197,329

11.

RESERVES

Fair

value

reserve

£

At 1 September 2018

and 31 August 2019

2,380,743