Registered number
00536072
Yeovil Masonic Hall Company Limited
Filleted Accounts
30 June 2024
Yeovil Masonic Hall Company Limited
Registered number: 00536072
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 85,849 82,176
Current assets
Stocks 1,200 1,200
Debtors 4 - 1,009
Cash at bank and in hand 58,562 62,403
59,762 64,612
Creditors: amounts falling due within one year 5 (2,853) (769)
Net current assets 56,909 63,843
Net assets 142,758 146,019
Capital and reserves
Called up share capital 5,600 5,600
Structural repair reserve 6 57,464 54,536
Profit and loss account 79,694 85,883
Shareholders' funds 142,758 146,019
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Rash
Director
Approved by the board on 17.01.2025
Yeovil Masonic Hall Company Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Equipment and computers Fixtures and fittings Total
£ £ £ £
Cost
At 1 July 2023 114,758 55,221 28,903 198,882
Additions 4,924 3,737 - 8,661
At 30 June 2024 119,682 58,958 28,903 207,543
Depreciation
At 1 July 2023 45,600 47,459 23,647 116,706
Charge for the year 1,900 2,300 788 4,988
At 30 June 2024 47,500 49,759 24,435 121,694
Net book value
At 30 June 2024 72,182 9,199 4,468 85,849
At 30 June 2023 69,158 7,762 5,256 82,176
4 Debtors 2024 2023
£ £
Other debtors - 1,009
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 2,853 769
6 Structural Repair Reserve 2024 2023
£ £
At 1 July 2023 54,536 50,336
Net transfers in the year 2,928 4,200
At 30 June 2024 57,464 54,536
7 Other information
Yeovil Masonic Hall Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
23 Hendford
Yeovil
Somerset
BA20 1TQ
7 Capital Life Expiry Fund
Within the figure of £58562 (2023 - £62403) shown as cash at bank and in hand is an amount of £57464 (2023 - £54536) set aside by directors in accordance with a plan to provide a fund from which to pay for various repairs to the property. The plan, which came into effect on 1 March 2002, ensures that regular transfers (currently £500 per month) are made into a separate account. During the year £5500 was paid into the account, while £2928 (2023 - £1800) was paid out of the fund for approved repairs.
Yeovil Masonic Hall Company Limited 00536072 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 A Rash No description of principal activity 00536072 2022-07-01 2023-06-30 00536072 core:RevaluationReserve core:LandBuildings 2022-07-01 2023-06-30 00536072 core:WithinOneYear 2023-06-30 00536072 core:ShareCapital 2023-06-30 00536072 core:OtherReservesSubtotal 2023-06-30 00536072 core:RetainedEarningsAccumulatedLosses 2023-06-30 00536072 core:RevaluationReserve 2022-06-30 00536072 2023-07-01 2024-06-30 00536072 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00536072 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 00536072 bus:Director40 2023-07-01 2024-06-30 00536072 core:LandBuildings 2023-07-01 2024-06-30 00536072 core:PlantMachinery 2023-07-01 2024-06-30 00536072 core:Vehicles 2023-07-01 2024-06-30 00536072 core:RevaluationReserve core:LandBuildings 2023-07-01 2024-06-30 00536072 countries:England 2023-07-01 2024-06-30 00536072 bus:FRS102 2023-07-01 2024-06-30 00536072 bus:FilletedAccounts 2023-07-01 2024-06-30 00536072 2024-06-30 00536072 core:WithinOneYear 2024-06-30 00536072 core:ShareCapital 2024-06-30 00536072 core:OtherReservesSubtotal 2024-06-30 00536072 core:RetainedEarningsAccumulatedLosses 2024-06-30 00536072 core:LandBuildings 2024-06-30 00536072 core:PlantMachinery 2024-06-30 00536072 core:Vehicles 2024-06-30 00536072 core:RevaluationReserve 2024-06-30 00536072 2023-06-30 00536072 core:LandBuildings 2023-06-30 00536072 core:PlantMachinery 2023-06-30 00536072 core:Vehicles 2023-06-30 00536072 core:RevaluationReserve 2023-06-30 iso4217:GBP xbrli:pure