Swindon Masonic Association Limited 1018795 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is the provision of accommodation and social facilities for the Freemasons Lodges in the Swindon area Digita Accounts Production Advanced 6.30.9574.0 true true 1018795 2023-06-01 2024-05-31 1018795 2024-05-31 1018795 core:CurrentFinancialInstruments 2024-05-31 1018795 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 1018795 core:Non-currentFinancialInstruments 2024-05-31 1018795 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 1018795 core:LandBuildings core:LongLeaseholdAssets 2024-05-31 1018795 core:LandBuildings core:OwnedOrFreeholdAssets 2024-05-31 1018795 core:PlantMachinery 2024-05-31 1018795 bus:SmallEntities 2023-06-01 2024-05-31 1018795 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 1018795 bus:FilletedAccounts 2023-06-01 2024-05-31 1018795 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 1018795 bus:RegisteredOffice 2023-06-01 2024-05-31 1018795 bus:Chairman 2023-06-01 2024-05-31 1018795 bus:Director3 2023-06-01 2024-05-31 1018795 bus:CompanyLimitedByGuarantee 2023-06-01 2024-05-31 1018795 core:Buildings 2023-06-01 2024-05-31 1018795 core:LandBuildings 2023-06-01 2024-05-31 1018795 core:LandBuildings core:LongLeaseholdAssets 2023-06-01 2024-05-31 1018795 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 1018795 core:PlantMachinery 2023-06-01 2024-05-31 1018795 countries:EnglandWales 2023-06-01 2024-05-31 1018795 2023-05-31 1018795 core:LandBuildings core:LongLeaseholdAssets 2023-05-31 1018795 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-31 1018795 core:PlantMachinery 2023-05-31 1018795 2022-06-01 2023-05-31 1018795 2023-05-31 1018795 core:CurrentFinancialInstruments 2023-05-31 1018795 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 1018795 core:Non-currentFinancialInstruments 2023-05-31 1018795 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 1018795 core:LandBuildings core:LongLeaseholdAssets 2023-05-31 1018795 core:LandBuildings core:OwnedOrFreeholdAssets 2023-05-31 1018795 core:PlantMachinery 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 1018795

Swindon Masonic Association Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Swindon Masonic Association Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Swindon Masonic Association Limited

(Registration number: 1018795)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

125,589

133,120

Current assets

 

Stocks

2,303

2,635

Debtors

5

1,298

1,140

Cash at bank and in hand

 

99,720

112,643

 

103,321

116,418

Creditors: Amounts falling due within one year

6

(6,040)

(6,052)

Net current assets

 

97,281

110,366

Total assets less current liabilities

 

222,870

243,486

Creditors: Amounts falling due after more than one year

6

(7,593)

(7,593)

Net assets

 

215,277

235,893

Reserves

 

Retained earnings

215,277

235,893

Surplus

 

215,277

235,893

 

Swindon Masonic Association Limited

(Registration number: 1018795)
Balance Sheet as at 31 May 2024

For the financial year ending 31 May 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 September 2024 and signed on its behalf by:
 

.........................................
A Colman
Director

.........................................
A R Wheeler
Chairman

 

Swindon Masonic Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
The Swindon Masonic Centre
The Planks
Swindon
Wiltshire
SN3 1QP

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

 

Swindon Masonic Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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

Freehold land & buildings

Nil

Property improvements

25 years straight line

Equipment

5 years straight line

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.

Debtors

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Swindon Masonic Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Freehold land and buildings
£

Property improvements
£

Equipment
£

Total
£

Cost or valuation

At 1 June 2023

96,089

188,236

40,682

325,007

At 31 May 2024

96,089

188,236

40,682

325,007

Depreciation

At 1 June 2023

-

151,207

40,680

191,887

Charge for the year

-

7,529

2

7,531

At 31 May 2024

-

158,736

40,682

199,418

Carrying amount

At 31 May 2024

96,089

29,500

-

125,589

At 31 May 2023

96,089

37,029

2

133,120

5

Debtors

Current

2024
£

2023
£

Trade debtors

880

1,140

Prepayments

418

-

 

1,298

1,140

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,002

425

Taxation and social security

1,351

3,744

Other creditors

2,687

1,883

6,040

6,052

 

Swindon Masonic Association Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

7,593

7,593

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Lodges' loans

5,600

5,600

Members' loans

1,993

1,993

7,593

7,593