Registered number
00247053
The Stockport Masonic Guildhall Limited
Filleted Accounts
31 May 2023
The Stockport Masonic Guildhall Limited
Registered number: 00247053
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 485,000 485,000
Current assets
Cash at bank and in hand 30 30
Net current assets 30 30
Total assets less current liabilities 485,030 485,030
Creditors: amounts falling due after more than one year 4 (55,255) (55,255)
Net assets 429,775 429,775
Capital and reserves
Called up share capital 49,074 49,074
Other reserves 17,326 17,326
Revaluation reserve 5 359,630 359,630
Profit and loss account 3,745 3,745
Shareholders' funds 429,775 429,775
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.
D Coburn
Director
Approved by the board on 5 February 2024
The Stockport Masonic Guildhall Limited
Notes to the Accounts
for the year ended 31 May 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, net of discounts and value added taxes. 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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 June 2022 485,000
At 31 May 2023 485,000
4 Creditors: amounts falling due after one year 2023 2022
£ £
Owed to Stockport Masonic Guildhall Club 55,255 55,255
5 Revaluation reserve 2023 2022
£ £
At 1 June 2022 359,630 359,630
At 31 May 2023 359,630 359,630
6 Other information
The Stockport Masonic Guildhall Limited is a private company limited by shares and incorporated in England. Its registered office is:
169 Wellington Road
Stockport
Cheshire
SK13UA
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