Abbreviated Company Accounts - MASE INVESTMENTS LIMITED

MASE INVESTMENTS LIMITED - Company Information

07055773 MASE INVESTMENTS LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 07055773 2012-11-01 2013-10-31 07055773 2013-10-31 07055773 2012-10-31 07055773 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 07055773 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 07055773

MASE INVESTMENTS LIMITED

Abbreviated Accounts

31 October 2013

MASE INVESTMENTS LIMITED Registered Number 07055773

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Investments	2	141,353	114,563
		141,353	114,563
Current assets
Debtors		22,597	30,379
Cash at bank and in hand		12,430	11,274
		35,027	41,653
Creditors: amounts falling due within one year		(147,655)	(139,092)
Net current assets (liabilities)		(112,628)	(97,439)
Total assets less current liabilities		28,725	17,124
Total net assets (liabilities)		28,725	17,124
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		28,721	17,120
Shareholders' funds		28,725	17,124

For the year ending 31 October 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 July 2014

And signed on their behalf by:
Rodney Berkeley, Director

MASE INVESTMENTS LIMITED Registered Number 07055773

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Fixed assets Investments
Fixed asset investments represent capital introduced by the company into property syndicates plus accrued surpluses less deficiencies but without revaluing the syndicate properties. The syndicate in which the company is a participator has borrowings which are secured on the syndicate's properties. The company accounts for its syndicate investment under the "equity accounting" basis and the company's share of such borrowings is therefore not included in these financial statements.

Where an adjustment to the amount of borrowings is required at a syndicate level, for example a reorganisation of debt, an adjustment is made to the capital account of the investment. If an increase in the capital account occurs then a capital contribution reserve is established to reflect the additional value attributable to the company's syndicate interest. A similar policy is applied in the event a syndicate investment fails where the company has overdrawn its capital account. In such circumstances the overdrawn balance is transferred to reserves as a capital contribution.

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
4 Ordinary shares of £1 each	4	4