Company registration number 00570620 (England and Wales)
SOUTHEND MASONIC CENTRE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
SOUTHEND MASONIC CENTRE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SOUTHEND MASONIC CENTRE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,896,707
2,905,020
Current assets
Stocks
13,962
15,785
Debtors
4
51,121
60,134
Cash at bank and in hand
23,384
45,073
88,467
120,992
Creditors: amounts falling due within one year
5
(225,314)
(219,863)
Net current liabilities
(136,847)
(98,871)
Total assets less current liabilities
2,759,860
2,806,149
Creditors: amounts falling due after more than one year
6
(628,969)
(721,307)
Net assets
2,130,891
2,084,842
Reserves
Income and expenditure account
2,130,891
2,084,842
Members' funds
2,130,891
2,084,842

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 27 June 2024 and are signed on its behalf by:
Mr Graham Felton
Mr Colin Bott
Director
Director
Company registration number 00570620 (England and Wales)
SOUTHEND MASONIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Southend Masonic Centre Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Saxon Hall, Aviation Way, Southend on Sea, Essex, SS2 6UN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Stated at historical cost
Fixtures and fittings
10% Straight line
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
39
35
SOUTHEND MASONIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
3
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
2,875,417
842,316
3,717,733
Depreciation and impairment
At 1 January 2023
-
0
812,713
812,713
Depreciation charged in the year
-
0
8,313
8,313
At 31 December 2023
-
0
821,026
821,026
Carrying amount
At 31 December 2023
2,875,417
21,290
2,896,707
At 31 December 2022
2,875,417
29,603
2,905,020
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
51,058
60,071
Corporation tax recoverable
63
63
51,121
60,134
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
92,337
92,337
Trade creditors
30,872
58,675
Corporation tax
14,045
9,735
Other taxation and social security
63,351
53,166
Other creditors
24,709
5,950
225,314
219,863
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
628,969
721,307
SOUTHEND MASONIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
7
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

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