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REGISTERED NUMBER: 02989607 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Essex Masonic Property Company Limited

Essex Masonic Property Company Limited (Registered number: 02989607)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Statement of Changes in Equity 5

Notes to the Financial Statements 6


Essex Masonic Property Company Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs L B Scott
I G Howell
J A Bruce
G Paddle
H L Tebbut





REGISTERED OFFICE: 106 Charter Avenue
Ilford
Essex
IG2 7AD





REGISTERED NUMBER: 02989607 (England and Wales)





ACCOUNTANTS: Fredericks Limited
Chartered Accountants
106 Charter Avenue
Ilford
Essex
IG2 7AD

Essex Masonic Property Company Limited (Registered number: 02989607)

Report of the Directors
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

Mrs L B Scott
I G Howell
J A Bruce
G Paddle
H L Tebbut

Other changes in directors holding office are as follows:

Mrs B V Fennell - resigned 18 July 2023
Mrs P A Flight - resigned 18 July 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs L B Scott - Director


3 September 2024

Essex Masonic Property Company Limited (Registered number: 02989607)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
£    £    £    £   

TURNOVER - -

Administrative expenses 856 443
(856 ) (443 )

Other operating income 11,825 (8,617 )
OPERATING PROFIT/(LOSS) 10,969 (9,060 )

Income from fixed asset investments 990 756
Interest receivable and similar income 994 1,090
1,984 1,846
PROFIT/(LOSS) BEFORE TAXATION 12,953 (7,214 )

Tax on profit/(loss) 26 123
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

12,927

(7,337

)

Essex Masonic Property Company Limited (Registered number: 02989607)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 124,630 111,058

CURRENT ASSETS
Cash at bank 17,605 17,411

CREDITORS
Amounts falling due within one year 5 1,322 483
NET CURRENT ASSETS 16,283 16,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,913

127,986

CAPITAL AND RESERVES
Called up share capital 69,988 69,988
Retained earnings 70,925 57,998
140,913 127,986

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 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 3 September 2024 and were signed on its behalf by:





H L Tebbut - Director


Essex Masonic Property Company Limited (Registered number: 02989607)

Statement of Changes in Equity
for the Year Ended 31 March 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2022 70,558 65,335 135,893

Changes in equity
Issue of share capital (570 ) - (570 )
Total comprehensive income - (7,337 ) (7,337 )
Balance at 31 March 2023 69,988 57,998 127,986

Changes in equity
Total comprehensive income - 12,927 12,927
Balance at 31 March 2024 69,988 70,925 140,913

Essex Masonic Property Company Limited (Registered number: 02989607)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Essex Masonic Property Company 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 as modified by the revaluation of certain assets.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 April 2023 111,058
Additions 1,747
Revaluations 11,825
At 31 March 2024 124,630
NET BOOK VALUE
At 31 March 2024 124,630
At 31 March 2023 111,058


Essex Masonic Property Company Limited (Registered number: 02989607)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 149 123
Accrued expenses 1,173 360
1,322 483

6. RELATED PARTY DISCLOSURES

The directors control the company subject to the approval of the members in general meeting.