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REGISTERED NUMBER: 00389062 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

PRESTON MASONIC HALL LIMITED

PRESTON MASONIC HALL LIMITED (REGISTERED NUMBER: 00389062)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESTON MASONIC HALL LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: J Ainsworth
P Caunce
M L D Clifford
M Dunn
I W Greenwood
R P Hinchliffe
T R A Horton
A T Howarth
G S Pilkington
C A Powell
N J Ridd
H Sutcliffe
R Taylor
R S Thompson
S K Wright
D Parker
J R Rimmer
J Stansfield





REGISTERED OFFICE: Ashlar House
Saul Street
Preston
Lancashire
PR1 2QU





REGISTERED NUMBER: 00389062 (England and Wales)





ACCOUNTANTS: James Todd & Co
Greenbank House
141 Adelphi Street
Preston
Lancashire
PR1 7BH

PRESTON MASONIC HALL LIMITED (REGISTERED NUMBER: 00389062)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 927,220 798,665

CURRENT ASSETS
Stocks - 624
Debtors 5 46,866 52,357
Cash at bank and in hand 6,994 5,764
53,860 58,745
CREDITORS
Amounts falling due within one year 6 121,777 90,382
NET CURRENT LIABILITIES (67,917 ) (31,637 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

859,303

767,028

CREDITORS
Amounts falling due after more than one
year

7

(141,401

)

(162,407

)

PROVISIONS FOR LIABILITIES - (4,712 )
NET ASSETS 717,902 599,909

CAPITAL AND RESERVES
Called up share capital 70 70
Revaluation reserve 9 854,082 716,353
Retained earnings (136,250 ) (116,514 )
717,902 599,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PRESTON MASONIC HALL LIMITED (REGISTERED NUMBER: 00389062)

BALANCE SHEET - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





T R A Horton - Director


PRESTON MASONIC HALL LIMITED (REGISTERED NUMBER: 00389062)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Preston Masonic Hall Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 15% on reducing balance and at variable rates on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PRESTON MASONIC HALL LIMITED (REGISTERED NUMBER: 00389062)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument Basic financial assets, which include debtors and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, bank loans, and members loans, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest..

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 August 2023 741,983 242,763 984,746
Additions - 461 461
Revaluations 133,017 - 133,017
At 31 July 2024 875,000 243,224 1,118,224
DEPRECIATION
At 1 August 2023 - 186,081 186,081
Charge for year - 4,923 4,923
At 31 July 2024 - 191,004 191,004
NET BOOK VALUE
At 31 July 2024 875,000 52,220 927,220
At 31 July 2023 741,983 56,682 798,665

Cost or valuation at 31 July 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2019 721,065 - 721,065
Valuation in 2023 133,017 - 133,017
Cost 20,918 243,224 264,142
875,000 243,224 1,118,224

PRESTON MASONIC HALL LIMITED (REGISTERED NUMBER: 00389062)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024


4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 20,918 20,918

Freehold land and buildings were valued on an open market basis on 11 December 2023 by Eckersleys Chartered Surveyors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,134 6,978
Amounts owed by associates 42,732 44,712
Other debtors - 667
46,866 52,357

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 67,660 59,545
Trade creditors 8,706 3,932
Taxation and social security 1,370 3,738
Other creditors 44,041 23,167
121,777 90,382

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,101 18,657
Other creditors 131,300 143,750
141,401 162,407

PRESTON MASONIC HALL LIMITED (REGISTERED NUMBER: 00389062)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 59,518 54,205
Bank loans 18,243 23,997
Other loans 131,300 143,750
209,061 221,952

Clydesdale Bank plc. has a fixed and floating charge over the assets of the company. Other loans are secured by way of debentures fixed for a minimum of 5 years in the first instance.

9. RESERVES
Revaluation
reserve
£   
At 1 August 2023 716,353
Property revaluation 137,729

At 31 July 2024 854,082