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GARSTON MASONIC HALL LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023






GARSTON MASONIC HALL LIMITED (REGISTERED NUMBER: 00185336)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GARSTON MASONIC HALL LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTORS: G Bush
W James
E Jones
E E Lloyd
R Rowland
W Shuker
B Tomlinson
M Yates
H Griffiths
D Finney
D Gale
D A Horrocks





SECRETARY: D A Horrocks





REGISTERED OFFICE: Liverpool Road Studios
Suits 3 & 4
Crosby
Merseyside
L23 5TD





REGISTERED NUMBER: 00185336 (England and Wales)





ACCOUNTANTS: Garner & Associates Ltd
Liverpool Road Studios
Suites 3 & 4
113 Liverpool Road
Crosby
Merseyside
L23 5TD

GARSTON MASONIC HALL LIMITED (REGISTERED NUMBER: 00185336)

BALANCE SHEET
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87,616 91,421

CURRENT ASSETS
Debtors 5 3,640 3,796
Cash at bank 14,138 16,146
17,778 19,942
CREDITORS
Amounts falling due within one year 6 2,196 5,370
NET CURRENT ASSETS 15,582 14,572
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,198

105,993

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Revaluation reserve 7 64,565 66,887
Other reserves 77,407 77,407
Retained earnings (43,774 ) (43,301 )
SHAREHOLDERS' FUNDS 103,198 105,993

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

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

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 29th July 2024 and were signed on its behalf by:




M Yates - Director


GARSTON MASONIC HALL LIMITED (REGISTERED NUMBER: 00185336)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Garston Masonic Hall 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.

Turnover
Turnover is derived from the company's ordinary activities.

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 - 2% on cost
Fixtures and fittings - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

GARSTON MASONIC HALL LIMITED (REGISTERED NUMBER: 00185336)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1st January 2023
and 31st December 2023 173,041 35,943 208,984
DEPRECIATION
At 1st January 2023 83,926 33,637 117,563
Charge for year 3,460 345 3,805
At 31st December 2023 87,386 33,982 121,368
NET BOOK VALUE
At 31st December 2023 85,655 1,961 87,616
At 31st December 2022 89,115 2,306 91,421

Cost or valuation at 31st December 2023 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2002 116,103 - 116,103
Cost 56,938 35,943 92,881
173,041 35,943 208,984

If freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 56,938 56,938
Aggregate depreciation 31,789 31,789

Freehold property was valued on an open market basis on 31st December 2016 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,640 3,796

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 18 2
Other creditors 2,178 5,368
2,196 5,370

GARSTON MASONIC HALL LIMITED (REGISTERED NUMBER: 00185336)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

7. RESERVES
Revaluation
reserve
£   
At 1st January 2023 66,887
Transfer excess depreciation (2,322 )

At 31st December 2023 64,565

8. CONTINGENT LIABILITIES

In the event of the freehold property being sold at its revalued amount there is a potential liability to capital gains tax.

In order to compute the liability, if any, it would be necessary to agree the valuation of property at March 1982 with the Inland Revenue. In the opinion of the directors no capital gains tax liability will arise.

9. RELATED PARTY DISCLOSURES

Included in other debtors is a loan account with Liverpool South Masonic Club, which is a related party due to all the directors of Garston Masonic Hall Limited as listed in the directors report, being members of Liverpool South Masonic Club. The amount due to Garston Masonic Hall Limited from Liverpool South Masonic Club at the year end was £2,670 (2022 £2,670).

No interest is due on this loan and no provision against the balance is necessary.