Company registration number 04613510 (England and Wales)
FREEMASONS' HALL (LEICESTER) LIMITED
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
FREEMASONS' HALL (LEICESTER) LIMITED
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
FREEMASONS' HALL (LEICESTER) LIMITED
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
226,586
256,374
Investments
4
2
2
226,588
256,376
Current assets
Stocks
26,219
24,835
Debtors
5
203,747
249,016
Cash at bank and in hand
298,802
267,618
528,768
541,469
Creditors: amounts falling due within one year
6
(130,602)
(133,438)
Net current assets
398,166
408,031
Total assets less current liabilities
624,754
664,407
Creditors: amounts falling due after more than one year
7
(273,981)
(281,580)
Net assets
350,773
382,827
Reserves
Income and expenditure account
350,773
382,827
Members' funds
350,773
382,827

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 May 2024 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.

FREEMASONS' HALL (LEICESTER) LIMITED
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2024
31 May 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 8 August 2024 and are signed on its behalf by:
B S Carruthers
Director
Company registration number 04613510 (England and Wales)
FREEMASONS' HALL (LEICESTER) LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
1
Accounting policies
Company information

Freemasons' Hall (Leicester) Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 80 London Road, Leicester, LE2 0RA.

1.1
Basis of preparation

These financial statements have been prepared in accordance with applicable accounting standards including 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

 

 

1.3
Tangible fixed assets

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

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

Plant and machinery
10% - 15% per annum on cost
Fixtures, fittings & equipment
5% - 25% per annum on cost
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in surplus or deficit.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

FREEMASONS' HALL (LEICESTER) LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset, or the asset's cash generating unit is estimated and compared to the carrying amount in order to determine the extent of the impairment loss (if any). Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

1.7
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Debtors and creditors with no stated interest rate and receivable or payable within one year are measured at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

1.8
Taxation

The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

1.9
Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

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

2024
2023
Number
Number
Total
45
37
FREEMASONS' HALL (LEICESTER) LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023
1,154,602
Additions
23,914
At 31 May 2024
1,178,516
Depreciation and impairment
At 1 June 2023
898,228
Depreciation charged in the year
53,702
At 31 May 2024
951,930
Carrying amount
At 31 May 2024
226,586
At 31 May 2023
256,374
4
Fixed asset investments
2024
2023
£
£
Investments
2
2
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 June 2023 & 31 May 2024
2
Carrying amount
At 31 May 2024
2
At 31 May 2023
2
FREEMASONS' HALL (LEICESTER) LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
73,024
126,852
Amounts owed by group undertakings
76,060
69,535
Other debtors
34,202
36,069
Prepayments and accrued income
20,461
16,560
203,747
249,016
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
33,704
44,565
Taxation and social security
32,297
33,156
Other creditors
52,905
23,265
Accruals and deferred income
11,696
32,452
130,602
133,438
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
273,981
281,580
8
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.

2024-05-312023-06-01false09 August 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityP C KinderB S CarruthersA de Rodriguez PearseA R GreenBS Carruthersfalsefalse2024-08-08046135102023-06-012024-05-31046135102024-05-31046135102023-05-3104613510core:OtherPropertyPlantEquipment2024-05-3104613510core:OtherPropertyPlantEquipment2023-05-3104613510core:CurrentFinancialInstrumentscore:WithinOneYear2024-05-3104613510core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3104613510core:Non-currentFinancialInstrumentscore:AfterOneYear2024-05-3104613510core:Non-currentFinancialInstrumentscore:AfterOneYear2023-05-3104613510core:CurrentFinancialInstruments2024-05-3104613510core:CurrentFinancialInstruments2023-05-3104613510core:RetainedEarningsAccumulatedLosses2024-05-3104613510core:RetainedEarningsAccumulatedLosses2023-05-3104613510bus:Director22023-06-012024-05-3104613510core:PlantMachinery2023-06-012024-05-3104613510core:FurnitureFittings2023-06-012024-05-31046135102022-06-012023-05-3104613510core:OtherPropertyPlantEquipment2023-05-3104613510core:OtherPropertyPlantEquipment2023-06-012024-05-3104613510core:Non-currentFinancialInstruments2024-05-3104613510core:Non-currentFinancialInstruments2023-05-3104613510bus:CompanyLimitedByGuarantee2023-06-012024-05-3104613510bus:SmallCompaniesRegimeForAccounts2023-06-012024-05-3104613510bus:FRS1022023-06-012024-05-3104613510bus:AuditExemptWithAccountantsReport2023-06-012024-05-3104613510bus:Director12023-06-012024-05-3104613510bus:Director32023-06-012024-05-3104613510bus:Director42023-06-012024-05-3104613510bus:CompanySecretary12023-06-012024-05-3104613510bus:FullAccounts2023-06-012024-05-31xbrli:purexbrli:sharesiso4217:GBP