Registration number: 00256469

Warrington Masonic Hall Company Limited

Contents

Abridged Balance Sheet	1 to 2
Statement of Changes in Equity	3
Notes to the Unaudited Abridged Financial Statements	4 to 8

Warrington Masonic Hall Company Limited

(Registration number: 00256469)
Abridged Balance Sheet as at 31 May 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	667,570	684,006
Current assets
Stocks	6	3,000	4,724
Debtors	7	57,127	12,555
Cash at bank and in hand		24,260	50,548
		84,387	67,827
Prepayments and accrued income		1	-
Creditors: Amounts falling due within one year		(47,568)	(22,650)
Net current assets		36,820	45,177
Total assets less current liabilities		704,390	729,183
Provisions for liabilities		(26,592)	(31,288)
Net assets		677,798	697,895
Capital and reserves
Called up share capital	8	195	195
Revaluation reserve		166,864	172,082
Other reserves		242,736	241,990
Retained earnings		268,003	283,628
Shareholders' funds		677,798	697,895

For the financial year ending 31 May 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Warrington Masonic Hall Company Limited

(Registration number: 00256469)
Abridged Balance Sheet as at 31 May 2024

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 1 April 2025 and signed on its behalf by:
 

......................................... Mr Jon Waldron Chairman

Warrington Masonic Hall Company Limited

Statement of Changes in Equity for the Year Ended 31 May 2024

	Share capital £	Revaluation reserve £	Other reserves £	Retained earnings £	Total £
At 1 June 2023	195	172,082	241,990	283,627	697,894
Loss for the year	-	-	-	(20,842)	(20,842)
Other comprehensive income	-	(5,218)	746	5,218	746
Total comprehensive income	-	(5,218)	746	(15,624)	(20,096)
At 31 May 2024	195	166,864	242,736	268,003	677,798

	Share capital £	Revaluation reserve £	Other reserves £	Retained earnings £	Total £
At 1 June 2022	195	177,300	238,880	337,219	753,594
Loss for the year	-	-	-	(58,810)	(58,810)
Other comprehensive income	-	(5,218)	3,110	5,219	3,111
Total comprehensive income	-	(5,218)	3,110	(53,591)	(55,699)
At 31 May 2023	195	172,082	241,990	283,628	697,895

Warrington Masonic Hall Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Masonic Hall
Winmarleigh Street
Warrington
Cheshire
WA1 1NB

These financial statements were authorised for issue by the Board on 1 April 2025.

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 abridged 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 abridged 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

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises 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.

Warrington Masonic Hall Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 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
Land	nil
Buildings	2% straight line
Plant and machinery	25% reducing balance or 10-25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Warrington Masonic Hall Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

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

4	Loss before tax

Arrived at after charging/(crediting)

	2024 £	2023 £
Depreciation expense	29,737	23,936

Warrington Masonic Hall Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

5	Tangible assets

	Land and buildings £	Other tangible assets £	Total £
Cost or valuation
At 1 June 2023	850,768	218,462	1,069,230
Additions	-	13,301	13,301
At 31 May 2024	850,768	231,763	1,082,531
Depreciation
At 1 June 2023	223,285	161,939	385,224
Charge for the year	13,135	16,602	29,737
At 31 May 2024	236,420	178,541	414,961
Carrying amount
At 31 May 2024	614,348	53,222	667,570
At 31 May 2023	627,483	56,523	684,006

Included within the net book value of land and buildings above is £614,349 (2023 - £627,483) in respect of freehold land and buildings.
 

Revaluations
Part of the current holding of freehold land and buildings was revalued in 1997.
The carrying values of cost or valuation are valuation £360,000 (2023 - £360,000) and cost £490,768 (2023 - £490,768).

This class of asset has a carrying amount at historical cost of £524,785 (2023 - £524,785). The depreciation on this historical cost is £119,005 (2023 - £112,394).

Deemed cost has been used for this class of asset.

 

6

Stocks

	2024 £	2023 £
Other inventories	3,000	4,724

Warrington Masonic Hall Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

7

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £5 each	39	195	39	195