REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
ALDERSON HOUSE (WARWICK) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
ALDERSON HOUSE (WARWICK) LIMITED |
ALDERSON HOUSE (WARWICK) LIMITED (REGISTERED NUMBER: 00672072) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2023 |
Page |
Company Information | 1 |
Chairman's Report | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 4 |
ALDERSON HOUSE (WARWICK) LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 March 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Greville House |
10 Jury Street |
Warwick |
Warwickshire |
CV34 4EW |
BANKERS: |
11 High Street |
Warwick |
Warwickshire |
CV34 4AS |
ALDERSON HOUSE (WARWICK) LIMITED (REGISTERED NUMBER: 00672072) |
CHAIRMAN'S REPORT |
for the Year Ended 31 March 2023 |
As I write this in early July for presentation with the accounts at our AGM in November we are still challenged by the exorbitant cost of gas, electric and of course high food price inflation with general inflation still stubbornly high. Challenging times indeed! |
Masonic attendance is again slightly down but private and social bookings are coming in thick and fast, particularly from September onwards where there is scarcely a free date to be found. We lost some wedding bookings earlier on this year due to cancellation and people cutting back on their plans and scaling down celebrations due to rising prices. As Katie is now fully up to speed in her role as Deputy Manager and doing a fantastic job for us in charge of our private bookings, Alderson House will be open during August, instead of being totally closed down as in previous years. |
The financial situation is still slightly distorted as this reporting period is the second year of rebating those units who claimed part of their fees back, paid in the Covid year. |
The Alderson House Community Fund will be reinstated in September, this year in favour of the Evelyn's Gift local charity. Likewise our opening to the public during Heritage week and our participation in the annual Remembrance Day service at the church and the cenotaph in Warwick will be reinstated. |
During the year we have redecorated the rear aspect, repaired our car park wall and made it safe, tidied up the steps up to the house and a host of more minor things. Planned work this year includes decorating of the hall, stairs and landing area, replacing the carpet there at the same time. One of the car park gate pillars is deteriorating and needs rebuilding and there is still some further work to do on the main steps. It never stops Brethren! |
So, there we are, not completely out of the woods yet. It would be nice if those members who are still a little reticent in attending would once again come and enjoy our meetings, tremendous facilities and enjoy our wonderful hobby. |
It just remains for me to thank our Board of Directors and in particular our Executive Committee who do so much to make my role as Chairman easier and as always, a huge thank you to our friendly and dedicated staff. |
Thank you. |
W.Bro. Steven Price, CM, PPSGW |
Chairman |
ALDERSON HOUSE (WARWICK) LIMITED (REGISTERED NUMBER: 00672072) |
BALANCE SHEET |
31 March 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
RESERVES |
Income and expenditure account |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
ALDERSON HOUSE (WARWICK) LIMITED (REGISTERED NUMBER: 00672072) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
Alderson House (Warwick) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Freehold property | - |
Equipment and fixtures | - |
No depreciation has been provided on freehold property as in the opinion of the directors, the residual value would be sufficiently high to make any depreciation charge immaterial. It is the company's policy to maintain the fabric of its specially adapted building in a satisfactory condition. |
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 Statement of Income and Retained Earnings, 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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
ALDERSON HOUSE (WARWICK) LIMITED (REGISTERED NUMBER: 00672072) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2023 |
4. | TANGIBLE FIXED ASSETS |
Equipment |
Freehold | and |
property | fixtures | Totals |
£ | £ | £ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade debtors |
Tax |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade creditors |
Social security and other taxes |
VAT | 1,102 | 431 |
Other creditors |
Accruals and deferred income |
7. | PROVISIONS FOR LIABILITIES |
31.3.23 | 31.3.22 |
£ | £ |
Deferred tax | 10,437 | 10,437 |
Deferred |
tax |
£ |
Balance at 1 April 2022 |
Balance at 31 March 2023 |