Masonic Assembly Rooms (Padiham) Limited 00174851 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is the provision of accommodation and refreshments for its lodges and members. Digita Accounts Production Advanced 6.30.9574.0 true 00174851 2023-07-01 2024-06-30 00174851 2024-06-30 00174851 core:OtherReservesSubtotal 2024-06-30 00174851 core:RetainedEarningsAccumulatedLosses 2024-06-30 00174851 core:ShareCapital 2024-06-30 00174851 core:SharePremium 2024-06-30 00174851 core:CurrentFinancialInstruments 2024-06-30 00174851 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 00174851 core:FurnitureFittingsToolsEquipment 2024-06-30 00174851 core:OtherPropertyPlantEquipment 2024-06-30 00174851 bus:SmallEntities 2023-07-01 2024-06-30 00174851 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 00174851 bus:FullAccounts 2023-07-01 2024-06-30 00174851 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 00174851 bus:RegisteredOffice 2023-07-01 2024-06-30 00174851 bus:Director19 2023-07-01 2024-06-30 00174851 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00174851 core:FurnitureFittings 2023-07-01 2024-06-30 00174851 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 00174851 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 00174851 core:PlantMachinery 2023-07-01 2024-06-30 00174851 countries:EnglandWales 2023-07-01 2024-06-30 00174851 2023-06-30 00174851 core:FurnitureFittingsToolsEquipment 2023-06-30 00174851 core:OtherPropertyPlantEquipment 2023-06-30 00174851 2022-07-01 2023-06-30 00174851 2023-06-30 00174851 core:OtherReservesSubtotal 2023-06-30 00174851 core:RetainedEarningsAccumulatedLosses 2023-06-30 00174851 core:ShareCapital 2023-06-30 00174851 core:SharePremium 2023-06-30 00174851 core:CurrentFinancialInstruments 2023-06-30 00174851 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 00174851 core:FurnitureFittingsToolsEquipment 2023-06-30 00174851 core:OtherPropertyPlantEquipment 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 00174851

Masonic Assembly Rooms (Padiham) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Masonic Assembly Rooms (Padiham) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Masonic Assembly Rooms (Padiham) Limited

(Registration number: 00174851)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

15,713

9,823

Investment property

5

200,000

200,000

 

215,713

209,823

Current assets

 

Stocks

6

557

429

Debtors

7

-

45

Cash at bank and in hand

 

70,709

73,400

 

71,266

73,874

Creditors: Amounts falling due within one year

8

(1,020)

(960)

Net current assets

 

70,246

72,914

Total assets less current liabilities

 

285,959

282,737

Provisions for liabilities

(40,000)

(40,000)

Net assets

 

245,959

242,737

Capital and reserves

 

Called up share capital

1,000

1,000

Share premium reserve

29,000

29,000

Other reserves

110,415

110,415

Retained earnings

105,544

102,322

Shareholders' funds

 

245,959

242,737

 

Masonic Assembly Rooms (Padiham) Limited

(Registration number: 00174851)
Balance Sheet as at 30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 12 September 2024 and signed on its behalf by:
 

.........................................
B Ross
Director

 

Masonic Assembly Rooms (Padiham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
22 Moor Lane
Padiham
Lancashire
BB12 8LZ

These financial statements were authorised for issue by the Board on 12 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared in sterling (£) using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Masonic Assembly Rooms (Padiham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% reducing balance

Plant and machinery

10% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Masonic Assembly Rooms (Padiham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 8).

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

31,771

3,374

35,145

Additions

7,636

-

7,636

At 30 June 2024

39,407

3,374

42,781

Depreciation

At 1 July 2023

23,908

1,414

25,322

Charge for the year

1,550

196

1,746

At 30 June 2024

25,458

1,610

27,068

Carrying amount

At 30 June 2024

13,949

1,764

15,713

At 30 June 2023

7,863

1,960

9,823

 

Masonic Assembly Rooms (Padiham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Investment properties

2024
£

Fair value at 1 July

200,000

There has been no valuation of investment property by an independent valuer.

6

Stocks

2024
£

2023
£

Other inventories

557

429

7

Debtors

2024
£

2023
£

Prepayments

-

45

-

45

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,020

960