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REGISTERED NUMBER: 01003459 (England and Wales)










Prestatyn Masonic Buildings Limited

Unaudited Financial Statements

for the Year Ended 30 June 2023






Prestatyn Masonic Buildings Limited (Registered number: 01003459)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Prestatyn Masonic Buildings Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: Mr DH O'Brien
Mr A M Bolger
Mr T J Harper
Mr B Stapleton
Mr I S Olson
Mr J A Wilcox





REGISTERED OFFICE: St Melyd Hall
6 Ffordd Talargoch
Meliden
Prestatyn
Denbighshire
LL19 8LA





REGISTERED NUMBER: 01003459 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Prestatyn Masonic Buildings Limited (Registered number: 01003459)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,331 56,644

CURRENT ASSETS
Stocks 4,593 4,735
Debtors 5 1,150 -
Cash at bank and in hand 16,329 28,900
22,072 33,635
CREDITORS
Amounts falling due within one year 6 2,598 5,299
NET CURRENT ASSETS 19,474 28,336
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,805

84,980

RESERVES
Income and expenditure account 71,805 84,980
71,805 84,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 surplus or deficit 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 Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:





Mr DH O'Brien - Director


Prestatyn Masonic Buildings Limited (Registered number: 01003459)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Prestatyn Masonic Buildings Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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.
Land and buildings - 10% on cost
Plant and machinery etc - 20% on reducing balance and 20% on cost

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 1 (2022 - 1 ) .

Prestatyn Masonic Buildings Limited (Registered number: 01003459)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 77,558 42,172 119,730
DEPRECIATION
At 1 July 2022 23,781 39,305 63,086
Charge for year 3,740 573 4,313
At 30 June 2023 27,521 39,878 67,399
NET BOOK VALUE
At 30 June 2023 50,037 2,294 52,331
At 30 June 2022 53,777 2,867 56,644

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,150 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1 1
Taxation and social security 1,184 592
Other creditors 1,413 4,706
2,598 5,299

7. ULTIMATE CONTROLLING PARTY

The company is a private company limited by guarantee. The subscribing guarantors are the nominees of the several masonic lodges and chapters that regularly hold meetings in the premises maintained by the company and their guarantees are fixed in the amount of £1 each.