Mast Homes Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09966004 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Mast Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Stephen Eric John Cripps

Matthew James Mcgee

SECRETARY:

Cecily Louise Harmer

REGISTERED OFFICE:

5 Stoney Lane

Winchester

Hampshire

SO22 6DN

REGISTERED NUMBER:

09966004 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

CURRENT ASSETS

Stocks

4

-

279,323

Debtors

5

12,145

10

Cash at bank and in hand

199,362

46,728

211,507

326,061

CREDITORS

Amounts falling due within one year

6

41,874

326,390

NET CURRENT ASSETS/(LIABILITIES)

169,633

(329

)

TOTAL ASSETS LESS CURRENT LIABILITIES

169,633

(329

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

169,533

(429

)

169,633

(329

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 February 2018 and were signed on its behalf by:

Stephen Eric John Cripps - Director

Matthew James Mcgee - Director

1.	STATUTORY INFORMATION

Mast Homes Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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 or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

4.

STOCKS

30.9.17

30.9.16

£

£

Stocks

-

279,323

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Amounts owed by associates

10,000

-

VAT

2,145

10

12,145

10

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Amounts owed to associates

-

181,000

Corporation tax

41,064

-

Directors' current accounts

-

145,000

Accrued expenses

810

390

41,874

326,390

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended

30 September 2017 and the period ended 30 September 2016:

30.9.17

30.9.16

£

£

Matthew James Mcgee

Balance outstanding at start of year

(145,000

)

-

Amounts advanced

-

(145,000

)

Amounts repaid

145,000

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(145,000

)

8.	ULTIMATE CONTROLLING PARTY