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
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
Worksop Masonic Hall Company Limited
Statement of financial position
as at 30 June 2024
Tangible assets
522,496
353,358
Cash at bank and in hand
8,427
10,265
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
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
Worksop Masonic Hall Company Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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
Revaluations
177,859
(48)
177,811
At 30 June 2024
475,000
240,125
715,125
At 1 July 2023
-
182,811
182,811
Charge for the year
-
9,818
9,818
At 30 June 2024
-
192,629
192,629
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
Amounts falling due within one year
Accrued income and prepayments
3,072
4,415
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
12,288
10,898
Taxes and social security
958
372
Other creditors
7,495
5,337
Loans from directors
200
-
7
Creditors: amounts falling due after more than one year
2024
2023
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
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).