Chipping Campden Masonic Temple Company Limited 00753648 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is letting property and managing investments Digita Accounts Production Advanced 6.30.9574.0 true true 00753648 2023-04-01 2024-03-31 00753648 2024-03-31 00753648 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-03-31 00753648 core:CurrentFinancialInstruments 2024-03-31 00753648 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 00753648 core:FurnitureFittings 2024-03-31 00753648 bus:SmallEntities 2023-04-01 2024-03-31 00753648 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00753648 bus:FilletedAccounts 2023-04-01 2024-03-31 00753648 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00753648 bus:RegisteredOffice 2023-04-01 2024-03-31 00753648 bus:Chairman 2023-04-01 2024-03-31 00753648 bus:CompanySecretaryDirector2 2023-04-01 2024-03-31 00753648 bus:Director17 2023-04-01 2024-03-31 00753648 bus:Director20 2023-04-01 2024-03-31 00753648 bus:Director22 2023-04-01 2024-03-31 00753648 bus:Director24 2023-04-01 2024-03-31 00753648 bus:Director5 2023-04-01 2024-03-31 00753648 bus:Director6 2023-04-01 2024-03-31 00753648 bus:Director8 2023-04-01 2024-03-31 00753648 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 00753648 core:FurnitureFittings 2023-04-01 2024-03-31 00753648 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 00753648 countries:EnglandWales 2023-04-01 2024-03-31 00753648 2023-03-31 00753648 core:FurnitureFittings 2023-03-31 00753648 2022-04-01 2023-03-31 00753648 2023-03-31 00753648 core:CurrentFinancialInstruments 2023-03-31 00753648 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 00753648 core:FurnitureFittings 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 00753648

Chipping Campden Masonic Temple Company Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Chipping Campden Masonic Temple Company Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Chipping Campden Masonic Temple Company Limited

Company Information

Chairman

P Leadbeater

Directors

K Bick

M C Connop

J Bartlett

R Gamble

J R Stephenson

A J Townsend

Mr L J Hampson

S A Faulkner

Company secretary

K Bick

Registered office

The Old Kings Arms
High Street
Chipping Campden
Gloucestershire
GL55 6HB

Solicitors

Fletcher Day Ltd
110 Cannon Street
London
EC4N 6EU

Accountants

Clement Rabjohns Limited
Chartered Accountants
111/113 High Street
Evesham
Worcestershire
WR11 4XP

 

Chipping Campden Masonic Temple Company Limited

(Registration number: 00753648)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,687

2,603

Investment property

5

550,000

550,000

Other financial assets

6

102,521

94,212

 

654,208

646,815

Current assets

 

Debtors

4,125

-

Cash at bank and in hand

 

50,465

56,109

 

54,590

56,109

Creditors: Amounts falling due within one year

7

(11,720)

(9,925)

Net current assets

 

42,870

46,184

Total assets less current liabilities

 

697,078

692,999

Provisions for liabilities

(144,072)

(142,863)

Net assets

 

553,006

550,136

Reserves

 

Other reserves

430,953

426,709

Retained earnings

122,053

123,427

Surplus

 

553,006

550,136

For the financial year ending 31 March 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 12 September 2024 and signed on its behalf by:
 

 

Chipping Campden Masonic Temple Company Limited

(Registration number: 00753648)
Balance Sheet as at 31 March 2024

.........................................
K Bick
Company secretary and director

.........................................
P Leadbeater
Chairman

 

Chipping Campden Masonic Temple Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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 Old Kings Arms
High Street
Chipping Campden
Gloucestershire
GL55 6HB
United Kingdom

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 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

Rental income in included in the financial statements on the date on which the receipts fall due.

Investment income is included in the financial statements from the date of the receipt of the dividend or interest.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

 

Chipping Campden Masonic Temple Company Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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, fittings and equipment

5% straight line

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2023 - 10).

 

Chipping Campden Masonic Temple Company Limited

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

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 April 2023

19,261

19,261

At 31 March 2024

19,261

19,261

Depreciation

At 1 April 2023

16,658

16,658

Charge for the year

916

916

At 31 March 2024

17,574

17,574

Carrying amount

At 31 March 2024

1,687

1,687

At 31 March 2023

2,603

2,603

5

Investment properties

2024
£

At 1 April and 31 March

550,000

Investment property has been valued at 31 March 2024 by a director, John Stephenson FRICS.

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

Had the investment property been measured on a historical cost basis, the carrying amount would have been £6,564 (2023: £6,564).

 

Chipping Campden Masonic Temple Company Limited

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

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

94,212

94,212

Fair value adjustments

5,659

5,659

Additions

2,650

2,650

At 31 March 2024

102,521

102,521

Impairment

Carrying amount

At 31 March 2024

102,521

102,521

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

84

-

Accruals and deferred income

3,384

1,674

Other creditors

8,252

8,251

11,720

9,925