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REGISTERED NUMBER: 00845681 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

LOWESTOFT MASONIC HALL COMPANY LIMITED

LOWESTOFT MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00845681)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOWESTOFT MASONIC HALL COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: C J Browne
S G Holman
W R A Lambarth
R M Lee
W P G Molloy





SECRETARY: W R A Lambarth





REGISTERED OFFICE: 101 The Avenue
Lowestoft
Suffolk
NR33 7LJ





REGISTERED NUMBER: 00845681 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

LOWESTOFT MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00845681)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 253,652 257,167

CURRENT ASSETS
Debtors 5 - 3,157
Investments 6 1 -
Cash at bank 9,393 2,372
9,394 5,529
CREDITORS
Amounts falling due within one year 7 (920 ) (14,042 )
NET CURRENT ASSETS/(LIABILITIES) 8,474 (8,513 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,126

248,654

CREDITORS
Amounts falling due after more than one
year

8

(64,500

)

(56,500

)
NET ASSETS 197,626 192,154

CAPITAL AND RESERVES
Called up share capital 9 138,381 138,381
Revaluation reserve 10 4,800 4,800
Other reserves 10 32,819 32,819
Retained earnings 10 21,626 16,154
SHAREHOLDERS' FUNDS 197,626 192,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

LOWESTOFT MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00845681)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





W P G Molloy - Director


LOWESTOFT MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00845681)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Lowestoft Masonic Hall 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

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).

LOWESTOFT MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00845681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 216,618 86,622 303,240
Additions - 600 600
At 30 September 2024 216,618 87,222 303,840
DEPRECIATION
At 1 October 2023 - 46,073 46,073
Charge for year - 4,115 4,115
At 30 September 2024 - 50,188 50,188
NET BOOK VALUE
At 30 September 2024 216,618 37,034 253,652
At 30 September 2023 216,618 40,549 257,167

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 3,157

6. CURRENT ASSET INVESTMENTS
30.9.24 30.9.23
£    £   
Unlisted investments 1 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 920 4,109
Other creditors - 9,933
920 14,042

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 64,500 56,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
138,381 Ordinary A £1 138,381 138,381

LOWESTOFT MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00845681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. RESERVES
Retained Revaluation Other
earnings reserve reserves Totals
£    £    £    £   

At 1 October 2023 16,154 4,800 32,819 53,773
Profit for the year 5,472 5,472
At 30 September 2024 21,626 4,800 32,819 59,245