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Company Registration No. 00448161 (England and Wales)
Worksop Masonic Hall Company Limited Unaudited accounts for the year ended 30 June 2024
Worksop Masonic Hall Company Limited Unaudited accounts Contents
Page
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Worksop Masonic Hall Company Limited Company Information for the year ended 30 June 2024
Directors
D.A. Wall M.G. Clarkson A. Wood D.W. Snowdon J.A. Kendall
Company Number
00448161 (England and Wales)
Registered Office
33 POTTER STREET WORKSOP NOTTINGHAMSHIRE S80 2AE
Accountants
Athelstan Accounting Ltd 14 Middletons Yard Worksop Nottinghamshire S80 2FT
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Worksop Masonic Hall Company Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
522,496 
353,358 
Current assets
Inventories
4,545 
5,616 
Debtors
3,072 
7,385 
Cash at bank and in hand
8,427 
10,265 
16,044 
23,266 
Creditors: amounts falling due within one year
(28,269)
(23,911)
Net current liabilities
(12,225)
(645)
Total assets less current liabilities
510,271 
352,713 
Creditors: amounts falling due after more than one year
(89,500)
(87,000)
Provisions for liabilities
Deferred tax
(6,760)
(7,590)
Net assets
414,011 
258,123 
Capital and reserves
Called up share capital
9,892 
9,892 
Revaluation reserve
179,273 
1,415 
Capital redemption reserve
2,629 
2,629 
Capital contribution reserve
117,695 
117,695 
Profit and loss account
104,522 
126,492 
Shareholders' funds
414,011 
258,123 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2025 and were signed on its behalf by
M.G. Clarkson Director Company Registration No. 00448161
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Worksop Masonic Hall Company Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Worksop Masonic Hall Company Limited is a private company, limited by shares, registered in England and Wales, registration number 00448161. The registered office is 33 POTTER STREET, WORKSOP, NOTTINGHAMSHIRE, S80 2AE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25 % Reducing Balance
Fixtures & fittings
15% Reducing balance
Computer equipment
25% Straight Line
Stock
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Worksop Masonic Hall Company Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At 1 July 2023
297,141 
239,028 
536,169 
Additions
- 
1,145 
1,145 
Revaluations
177,859 
(48)
177,811 
At 30 June 2024
475,000 
240,125 
715,125 
Depreciation
At 1 July 2023
- 
182,811 
182,811 
Charge for the year
- 
9,818 
9,818 
At 30 June 2024
- 
192,629 
192,629 
Net book value
At 30 June 2024
475,000 
47,496 
522,496 
At 30 June 2023
297,141 
56,217 
353,358 
Valuation on 16/04/2024 by ME Waterfield FRICS assessment of Market Value £475,000 Grade 2 listing
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,970 
Accrued income and prepayments
3,072 
4,415 
3,072 
7,385 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,082 
2,464 
Trade creditors
12,288 
10,898 
Taxes and social security
958 
372 
Other creditors
7,495 
5,337 
Loans from directors
200 
- 
Accruals
4,246 
4,840 
28,269 
23,911 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
89,500 
87,000 
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Worksop Masonic Hall Company Limited Notes to the Accounts for the year ended 30 June 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
6,760 
7,590 
2024 
2023 
£ 
£ 
Provision at start of year
7,590 
- 
(Credited)/charged to the profit and loss account
(830)
7,590 
Provision at end of year
6,760 
7,590 
Fixtures & fittings expenditure expected reversal 2025- £1,267
9
Transactions with related parties
The Masonic Units using the premises will have a number of transactions with the Company in the normal course of their association. Some of the Directors of the Company , where they hold the office of Treasurer of a Masonic Unit also hold shares on behalf of that Unit
10
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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