Registered number
00040056
(England and Wales)
Hanley Masonic Hall Company Limited
Filleted Accounts
30 June 2023
Hanley Masonic Hall Company Limited
Registered number: 00040056
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 425,000 425,000
Investments 4 896 -
425,896 425,000
Current assets
Cash at bank and in hand 97,350 133,304
Creditors: amounts falling due within one year 5 (18,522) (57,280)
Net current assets 78,828 76,024
Net assets 504,724 501,024
Capital and reserves
Called up share capital 24,565 24,565
Capital redemption reserve 42,011 42,011
Revaluation reserve 6 353,815 353,815
Profit and loss account 84,333 80,633
Shareholder's funds 504,724 501,024
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D R Truman
Director
Approved by the board on 7 September 2023
Hanley Masonic Hall Company Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover consists of rental income and grants received.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not depreciated
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 25 25
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2022 425,000
At 30 June 2023 425,000
Depreciation
At 30 June 2023 -
Net book value
At 30 June 2023 425,000
At 30 June 2022 425,000
4 Investments
Other
investments
£
Cost
Additions 896
At 30 June 2023 896
5 Creditors: amounts falling due within one year 2023 2022
£ £
Hanley Masonic Club 16,001 54,496
Taxation and social security costs 872 1,134
Other creditors 1,649 1,650
18,522 57,280
6 Revaluation reserve 2023 2022
£ £
At 1 July 2022 353,815 353,815
At 30 June 2023 353,815 353,815
7 Other information
Hanley Masonic Hall Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Howard Place
Shelton
Stoke-on-Trent
Staffordshie
ST1 4NA
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