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REGISTERED NUMBER: 00124683 (England and Wales)















WHITLEY BAY MASONIC HALL COMPANY LIMITED

Unaudited Financial Statements For The Year Ended 31 August 2023






WHITLEY BAY MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00124683)






Contents of the Financial Statements
For The Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

WHITLEY BAY MASONIC HALL COMPANY LIMITED

Company Information
For The Year Ended 31 August 2023







DIRECTORS: C W Steel
P D Carrick
D W Stevenson
J E Liddle
A Paterson
J Park
R Cumberland
D S Charlton
G J Heal
J A Shepherd





SECRETARY: G S Salmon





REGISTERED OFFICE: Whitley Bay Masonic Hall
Norham Road
Whitley Bay
Tyne and Wear
NE26 2SE





REGISTERED NUMBER: 00124683 (England and Wales)





ACCOUNTANTS: Ron Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD

WHITLEY BAY MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00124683)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,041,953 1,908,802
Investments 5 1 1
2,041,954 1,908,803

CURRENT ASSETS
Stocks 652 751
Debtors 6 1,222 590
Cash at bank and in hand 46,097 48,116
47,971 49,457
CREDITORS
Amounts falling due within one year 7 2,303 2,126
NET CURRENT ASSETS 45,668 47,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,087,622

1,956,134

PROVISIONS FOR LIABILITIES 8 432,892 -
NET ASSETS 1,654,730 1,956,134

CAPITAL AND RESERVES
Called up share capital 1,435 1,435
Revaluation reserve 9 1,554,720 1,854,199
Retained earnings 98,575 100,500
SHAREHOLDERS' FUNDS 1,654,730 1,956,134

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

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

WHITLEY BAY MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00124683)

Balance Sheet - continued
31 August 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 19 January 2024 and were signed on its behalf by:





J E Liddle - Director


WHITLEY BAY MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00124683)

Notes to the Financial Statements
For The Year Ended 31 August 2023

1. STATUTORY INFORMATION

Whitley Bay Masonic Hall 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.

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 as modified by the revaluation of certain assets.

Significant judgements
There were no judgements made that were significant enough to warrant disclosure.

Turnover
Turnover is stated excluding value added tax since the company is not registered and represents the total receivable by the company. The revenue is recognised on receipt of payment.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stock is valued at the lower of cost and net realisable value. Obsolete and slow-moving items are written off as they are identified.

Significant estimates
There were no estimates made that were significant enough to warrant disclosure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

WHITLEY BAY MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00124683)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 September 2022 1,905,905 39,350 1,945,255
Additions - 204 204
Revaluations 133,413 - 133,413
At 31 August 2023 2,039,318 39,554 2,078,872
DEPRECIATION
At 1 September 2022 - 36,453 36,453
Charge for year - 466 466
At 31 August 2023 - 36,919 36,919
NET BOOK VALUE
At 31 August 2023 2,039,318 2,635 2,041,953
At 31 August 2022 1,905,905 2,897 1,908,802

Cost or valuation at 31 August 2023 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2016 51,706 - 51,706
Valuation in 2017 1,273,294 - 1,273,294
Valuation in 2018 41,552 - 41,552
Valuation in 2019 19,992 39,350 59,342
Valuation in 2020 38,037 - 38,037
Valuation in 2021 39,082 - 39,082
Valuation in 2022 442,242 - 442,242
Valuation in 2023 133,413 204 133,617
2,039,318 39,554 2,078,872

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 51,706 51,706

Freehold land and buildings were valued on an open market basis on 31 August 2023 by the directors .

WHITLEY BAY MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00124683)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 1
NET BOOK VALUE
At 31 August 2023 1
At 31 August 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 590 590
Prepayments 632 -
1,222 590

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 1,513 1,396
Accrued expenses 790 730
2,303 2,126

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 432,892 -

Deferred
tax
£   
Provided during year 432,892
Balance at 31 August 2023 432,892

9. RESERVES
Revaluation
reserve
£   
At 1 September 2022 1,854,199
Revaluation Reserve (299,479 )

At 31 August 2023 1,554,720

WHITLEY BAY MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00124683)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

10. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

WHITLEY BAY MASONIC HALL COMPANY LIMITED

Report of the Accountants to the Directors of
Whitley Bay Masonic Hall Company Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Ron Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD


20 January 2024