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REGISTERED NUMBER: 00498554 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Ilkeston Masonic Hall Association
Limited

Ilkeston Masonic Hall Association
Limited (Registered number: 00498554)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ilkeston Masonic Hall Association
Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: N R Bacon
T J Bailey
R W Oxley
M F Roe
G K Edwards
C Hill





SECRETARY: R W Oxley





REGISTERED OFFICE: The Old Estate Yard
Flake Lane
Stanton by Dale
Derbyshire
DE7 4QD





REGISTERED NUMBER: 00498554 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
The Old Manse
29 St. Mary Street
Ilkeston
Derbyshire
DE7 8AB

Ilkeston Masonic Hall Association
Limited (Registered number: 00498554)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 241,356 246,229

CURRENT ASSETS
Debtors 5 14,184 9,861
Cash at bank 32,435 29,937
46,619 39,798
CREDITORS
Amounts falling due within one year 6 8,072 7,967
NET CURRENT ASSETS 38,547 31,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,903

278,060

PROVISIONS FOR LIABILITIES 1,137 1,204
NET ASSETS 278,766 276,856

RESERVES
Revaluation reserve 7 96,768 98,234
Retained earnings 181,998 178,622
278,766 276,856

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

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

Ilkeston Masonic Hall Association
Limited (Registered number: 00498554)

Balance Sheet - continued
31 December 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:




R W Oxley - Director



M F Roe - Director


Ilkeston Masonic Hall Association
Limited (Registered number: 00498554)

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


1. STATUTORY INFORMATION

Ilkeston Masonic Hall Association Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The company is not a member of a group and the information contained within these accounts therefore refers only to the company.

The company's place of business is Ilkeston Masonic Hall High Street Ilkeston Derbyshire DE7 5JA.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified to include the revaluation of freehold land and buildings.

Turnover
Income from donations is recognised on receipt, unless it relates to an item of specific expenditure in which case it is recognised at the point that the related expenditure is incurred.

Annual voluntary contributions are recognised over the year to which they relate .

Income from functions and other activities is recognised in the period in which the services are provided.

Other income is recognised in the period in which the relevant services are provided.

Ilkeston Masonic Hall Association
Limited (Registered number: 00498554)

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


2. ACCOUNTING POLICIES - continued

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 - 4% on cost

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

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible 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 is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

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

Ilkeston Masonic Hall Association
Limited (Registered number: 00498554)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 242,791 40,419 283,210
DEPRECIATION
At 1 January 2023 25,656 11,325 36,981
Charge for year 3,256 1,617 4,873
At 31 December 2023 28,912 12,942 41,854
NET BOOK VALUE
At 31 December 2023 213,879 27,477 241,356
At 31 December 2022 217,135 29,094 246,229

Included in cost or valuation of land and buildings is freehold land of £ 80,000 (2022 - £ 80,000 ) which is not depreciated.

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2015 109,962 - 109,962
Cost 132,829 40,419 173,248
242,791 40,419 283,210

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 132,829 132,829
Aggregate depreciation 15,718 13,928

Freehold land and buildings were valued on an open market basis on 31 December 2023 by the directors .

Ilkeston Masonic Hall Association
Limited (Registered number: 00498554)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Contibutions owing 13,769 9,097
Other debtors 150 500
Prepayments 265 264
14,184 9,861

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 334 373
Deferred income and donations 6,978 6,874
Accruals 760 720
8,072 7,967

7. RESERVES
Revaluation
reserve
£   
At 1 January 2023 98,234
Transfer of excess depreciation on
revaluation

(1,466

)


At 31 December 2023 96,768