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REGISTERED NUMBER: 00484420 (England and Wales)











Financial Statements

for the Year Ended 31st December 2023

for

Garstang Masonic Hall Limited

Garstang Masonic Hall Limited (Registered number: 00484420)

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


Garstang Masonic Hall Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: WG Williamson
WB Bamber
SG McClintock
CJ Babbs
B Stoddart
JD Eccles
Mr Edward J Parkinson





SECRETARY: CJ Babbs





REGISTERED OFFICE: Wyrebank
Church Street
Garstang
Preston
Lancashire
PR3 1PG





REGISTERED NUMBER: 00484420 (England and Wales)

Garstang Masonic Hall Limited (Registered number: 00484420)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 815,645 812,494
Investment property 5 345,000 345,000
1,160,645 1,157,494

CURRENT ASSETS
Stocks 7,198 5,686
Debtors 6 10,368 12,438
Cash at bank and in hand 95,250 113,216
112,816 131,340
CREDITORS
Amounts falling due within one year 7 55,713 43,982
NET CURRENT ASSETS 57,103 87,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,217,748

1,244,852

PROVISIONS FOR LIABILITIES 2,871 1,836
NET ASSETS 1,214,877 1,243,016

CAPITAL AND RESERVES
Called up share capital 60 60
Undistributable reserve - refurbishment fund 3,242 10,675
Undistributable reserve - Profit & Loss 73,655 73,655
Retained earnings 1,137,920 1,158,626
SHAREHOLDERS' FUNDS 1,214,877 1,243,016

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 17th July 2024 and were signed on its behalf by:




CJ Babbs - Director


Garstang Masonic Hall Limited (Registered number: 00484420)

Notes to the Financial Statements
for the Year Ended 31st December 2023


1. STATUTORY INFORMATION

Garstang 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 33% on cost and 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 15 ) .

Garstang Masonic Hall Limited (Registered number: 00484420)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023 780,706 341,375 1,122,081
Additions - 9,073 9,073
At 31st December 2023 780,706 350,448 1,131,154
DEPRECIATION
At 1st January 2023 - 309,587 309,587
Charge for year - 5,922 5,922
At 31st December 2023 - 315,509 315,509
NET BOOK VALUE
At 31st December 2023 780,706 34,939 815,645
At 31st December 2022 780,706 31,788 812,494

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 345,000
NET BOOK VALUE
At 31st December 2023 345,000
At 31st December 2022 345,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,782 8,333
Prepayments 5,586 4,105
10,368 12,438

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 15,185 21,641
Taxation and social security 7,898 10,976
Other creditors 32,630 11,365
55,713 43,982