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REGISTERED NUMBER: 02567387 (England and Wales)















Towcester Masonic Hall Property Company
Limited

Unaudited Financial Statements

for the Year Ended 31st March 2023






Towcester Masonic Hall Property Company
Limited (Registered number: 02567387)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Towcester Masonic Hall Property Company
Limited

Company Information
for the year ended 31st March 2023







DIRECTORS: R Cox
M P Holiday
M A Saxby
R J White
S Key





SECRETARY: P G Ayton





REGISTERED OFFICE: 3 Northampton Road
Towcester
Northamptonshire
NN12 6LD





REGISTERED NUMBER: 02567387 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Towcester Masonic Hall Property Company
Limited (Registered number: 02567387)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 328,965 328,965
Investment property 6 180,000 180,000
508,965 508,965

CURRENT ASSETS
Debtors 7 1,403 1,285
Cash at bank 97,305 92,811
98,708 94,096
NET CURRENT ASSETS 98,708 94,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

607,673

603,061

CREDITORS
Amounts falling due after more than one
year

8

138,774

138,774
NET ASSETS 468,899 464,287

CAPITAL AND RESERVES
Called up share capital 5 5
Other reserves 10,000 10,000
Retained earnings 458,894 454,282
SHAREHOLDERS' FUNDS 468,899 464,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

Towcester Masonic Hall Property Company
Limited (Registered number: 02567387)

Balance Sheet - continued
31st March 2023


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 Board of Directors and authorised for issue on 21st September 2023 and were signed on its behalf by:




M P Holiday - Director M A Saxby - Director




R Cox - Director


Towcester Masonic Hall Property Company
Limited (Registered number: 02567387)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

Towcester Masonic Hall Property Company 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 (£).


The principal activity of the company in the year under review was that of holding investment and other property.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In accordance with the provisions of FRS 102 (1A) the investment property is stated at the balance brought forward on a cost basis as in the opinion of the directors to measure the property at the fair market value in accordance with the provisions of FRS 102 (1A) would incur undue cost to the company.The directors have also considered the need for any impairment on the value and believe that the carrying value represents current market value and therefore no adjustment is required to the value shown in the financial statements.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Towcester Masonic Hall Property Company
Limited (Registered number: 02567387)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 364,219 166,932 531,151
DEPRECIATION
At 1st April 2022
and 31st March 2023 36,311 165,875 202,186
NET BOOK VALUE
At 31st March 2023 327,908 1,057 328,965
At 31st March 2022 327,908 1,057 328,965

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022
and 31st March 2023 180,000
NET BOOK VALUE
At 31st March 2023 180,000
At 31st March 2022 180,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,403 1,285

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 138,774 138,774

9. CONTINGENT LIABILITIES

There were no capital commitments as at 31st March 2023 or 31st March 2022.

10. CAPITAL COMMITMENTS

There were no contingent liabilities as at 31st March 2023 or 31st March 2022.