Registered number
00587279
CHICHESTER FREEMASON'S HALL COMPANY LIMITED
Filleted Accounts
31 August 2024
CHICHESTER FREEMASON'S HALL COMPANY LIMITED
Registered number: 00587279
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 78,529 79,015
Current assets
Stocks 2,576 1,954
Debtors 4 361 -
Cash at bank and in hand 38,495 51,182
41,432 53,136
Creditors: amounts falling due within one year 5 (13,323) (13,932)
Net current assets 28,109 39,204
Total assets less current liabilities 106,638 118,219
Creditors: amounts falling due after more than one year 6 (27,749) (27,749)
Net assets 78,889 90,470
Capital and reserves
Profit and loss account 78,889 90,470
Shareholders' funds 78,889 90,470
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.
J C W Hickman
Director
Approved by the board on 14 January 2025
CHICHESTER FREEMASON'S HALL COMPANY LIMITED
Notes to the Accounts
for the year ended 31 August 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:
Fixtures, fittings, tools and equipment 5% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 69,297 47,309 116,606
At 31 August 2024 69,297 47,309 116,606
Depreciation
At 1 September 2023 - 37,591 37,591
Charge for the year - 486 486
At 31 August 2024 - 38,077 38,077
Net book value
At 31 August 2024 69,297 9,232 78,529
At 31 August 2023 69,297 9,718 79,015
4 Debtors 2024 2023
£ £
Trade debtors 361 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 112 702
Debenture loans 10,891 10,891
Corporation tax 614 482
Other creditors 1,706 1,857
13,323 13,932
6 Creditors: amounts falling due after one year 2024 2023
£ £
Debenture loans 22,299 22,299
Debentures not reclaimed 5,450 5,450
27,749 27,749
7 Controlling party
There is no ultimate controlling party as the company is limited by guarantee and therefore does not have any share capital.
8 Other information
CHICHESTER FREEMASON'S HALL COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
7 South Pallant
Chichester
West Sussex
PO19 1SY
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