Company registration number 00930262 (England and Wales)
KING'S COURT MASONIC CENTRE LIMITED
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
KING'S COURT MASONIC CENTRE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
KING'S COURT MASONIC CENTRE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
212,887
216,839
Current assets
Stocks
8,364
7,701
Debtors
4
3,604
-
0
Cash at bank and in hand
27,433
35,963
39,401
43,664
Creditors: amounts falling due within one year
5
(16,440)
(14,375)
Net current assets
22,961
29,289
Total assets less current liabilities
235,848
246,128
Creditors: amounts falling due after more than one year
6
(177,680)
(180,521)
Net assets
58,168
65,607
Capital and reserves
Called up share capital
89,800
89,800
Profit and loss reserves
(31,632)
(24,193)
Total equity
58,168
65,607
KING'S COURT MASONIC CENTRE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
2

The directors of the company have elected not to include a copy of the profit and loss 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 2 August 2024 and are signed on its behalf by:
Mr N Lush
Director
Company registration number 00930262 (England and Wales)
KING'S COURT MASONIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
3
1
Accounting policies
Company information

King's Court Masonic Centre Limited is a private company limited by shares incorporated in England and Wales. The registered office is 81 Winchester Road, Chandler's Ford, Eastleigh, SO53 2GG.

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.

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.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors are aware that as a loss-making entity with negative reserves, material uncertainties may cause doubt on the company's ability to continue as a going concern. The directors have a reasonable expectation that, with the support of the private member's associations utilising its services, the company will continue in operational existence for the foreseeable future.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods, services and rentals provided in the normal course of business, and is shown net of applicable VAT.

1.4
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
50 years straight line
Plant and equipment
25% reducing balance

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.

KING'S COURT MASONIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies (Continued)
4
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price.

 

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

KING'S COURT MASONIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
5
2
Employees

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

2023
2022
Number
Number
Total
13
18
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2023
280,197
66,614
346,811
Additions
-
0
2,850
2,850
At 31 December 2023
280,197
69,464
349,661
Depreciation and impairment
At 1 January 2023
66,804
63,168
129,972
Depreciation charged in the year
5,228
1,574
6,802
At 31 December 2023
72,032
64,742
136,774
Carrying amount
At 31 December 2023
208,165
4,722
212,887
At 31 December 2022
213,393
3,446
216,839
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
3,604
-
0
KING'S COURT MASONIC CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
6
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
7,150
9,640
Trade creditors
1,908
-
0
Taxation and social security
2,391
2,054
Other creditors
4,991
2,681
16,440
14,375

Included in Bank loans above is £4,738 (2022: £7,140) secured against the asset to which it relates.

6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
177,680
180,521

Included in Bank loans above is £162,005 (2022: £162,187) secured against the asset to which it relates.

2023-12-312023-01-01false02 August 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr J BoardMr I PrestonMr C EdwardsMr Nigel LushMr M OfferMr E PearnMr R PlatklewiczMr M RoseMr G SmithMr C Lewisfalsefalse009302622023-01-012023-12-31009302622023-12-31009302622022-12-3100930262core:LandBuildings2023-12-3100930262core:OtherPropertyPlantEquipment2023-12-3100930262core:LandBuildings2022-12-3100930262core:OtherPropertyPlantEquipment2022-12-3100930262core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3100930262core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3100930262core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3100930262core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3100930262core:CurrentFinancialInstruments2023-12-3100930262core:CurrentFinancialInstruments2022-12-3100930262core:ShareCapital2023-12-3100930262core:ShareCapital2022-12-3100930262core:RetainedEarningsAccumulatedLosses2023-12-3100930262core:RetainedEarningsAccumulatedLosses2022-12-3100930262bus:Director42023-01-012023-12-3100930262core:LandBuildingscore:OwnedOrFreeholdAssets2023-01-012023-12-3100930262core:PlantMachinery2023-01-012023-12-31009302622022-01-012022-12-3100930262core:LandBuildings2022-12-3100930262core:OtherPropertyPlantEquipment2022-12-31009302622022-12-3100930262core:LandBuildings2023-01-012023-12-3100930262core:OtherPropertyPlantEquipment2023-01-012023-12-3100930262core:WithinOneYear2023-12-3100930262core:WithinOneYear2022-12-3100930262core:Non-currentFinancialInstruments2023-12-3100930262core:Non-currentFinancialInstruments2022-12-3100930262bus:PrivateLimitedCompanyLtd2023-01-012023-12-3100930262bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100930262bus:FRS1022023-01-012023-12-3100930262bus:AuditExemptWithAccountantsReport2023-01-012023-12-3100930262bus:Director12023-01-012023-12-3100930262bus:Director22023-01-012023-12-3100930262bus:Director32023-01-012023-12-3100930262bus:Director52023-01-012023-12-3100930262bus:Director62023-01-012023-12-3100930262bus:Director72023-01-012023-12-3100930262bus:Director82023-01-012023-12-3100930262bus:Director92023-01-012023-12-3100930262bus:CompanySecretary12023-01-012023-12-3100930262bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP