REGISTERED NUMBER: |
WHITLEY BAY MASONIC HALL COMPANY LIMITED |
Unaudited Financial Statements For The Year Ended 31 August 2023 |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Freehold property | - |
Fixtures and fittings | - |
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 |
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 |
Additions |
Revaluations |
At 31 August 2023 |
DEPRECIATION |
At 1 September 2022 |
Charge for year |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
At 31 August 2022 |
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 |
NET BOOK VALUE |
At 31 August 2023 |
At 31 August 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
Accrued expenses |
8. | PROVISIONS FOR LIABILITIES |
2023 | 2022 |
£ | £ |
Deferred tax | 432,892 | - |
Deferred |
tax |
£ |
Provided during year |
Balance at 31 August 2023 |
9. | RESERVES |
Revaluation |
reserve |
£ |
At 1 September 2022 |
Revaluation Reserve | (299,479 | ) |
At 31 August 2023 |
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. |
Chartered Certified Accountant |
18 Norham Road |
Whitley Bay |
Tyne and Wear |
NE26 2SD |