Registered number
00434556
Aylesbury Masonic Hall Limited
Filleted Accounts
30 June 2023
Aylesbury Masonic Hall Limited
Registered number: 00434556
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 359,413 358,419
Current assets
Stocks 1,266 931
Debtors 4 622 892
Investments held as current assets 5 7,726 7,726
Cash at bank and in hand 75,525 70,343
85,139 79,892
Creditors: amounts falling due within one year 6 (60,696) (55,912)
Net current assets 24,443 23,980
Net assets 383,856 382,399
Capital and reserves
Called up share capital 51,169 51,169
Share premium 169,550 169,550
Revaluation reserve 7 17,550 17,550
Profit and loss account 145,587 144,130
Shareholders' funds 383,856 382,399
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 members have 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.
R T Newell
Director
Approved by the board on 6 March 2024
Aylesbury Masonic Hall 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 is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant and machinery 10% and 20% straight line
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Government grants
Government grants that are receivable for expenses already incurred or for the purpose of giving financial support to the Company with no future costs are recognised in the profit or loss in the period to which they relate.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2022 417,066 41,049 458,115
Additions - 1,840 1,840
At 30 June 2023 417,066 42,889 459,955
Depreciation
At 1 July 2022 64,172 35,524 99,696
Charge for the year - 846 846
At 30 June 2023 64,172 36,370 100,542
Net book value
At 30 June 2023 352,894 6,519 359,413
At 30 June 2022 352,894 5,525 358,419
4 Debtors 2023 2022
£ £
Trade debtors 511 395
Other debtors 111 497
622 892
5 Investments held as current assets 2023 2022
£ £
Fair value
Listed investments 7,726 7,726
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 35 1
Other creditors 60,661 55,911
60,696 55,912
7 Revaluation reserve 2023 2022
£ £
At 1 July 2022 17,550 17,550
At 30 June 2023 17,550 17,550
8 Other information
Aylesbury Masonic Hall Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Masonic Hall
Ripon Street
Aylesbury
Buckinghamshire
HP20 2JP
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