Registered number
00225951
THE WINDSOR (PENARTH) MASONIC HALL COMPANY (1927) LIMITED
Filleted Accounts
31 October 2024
THE WINDSOR (PENARTH) MASONIC HALL COMPANY (1927) LIMITED
Registered number: 00225951
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 578,307 577,694
Current assets
Stocks 3,300 2,699
Debtors 4 1,252 -
Cash at bank and in hand 53,901 74,864
58,453 77,563
Creditors: amounts falling due within one year 5 (19,968) (29,493)
Net current assets 38,485 48,070
Total assets less current liabilities 616,792 625,764
Creditors: amounts falling due after more than one year 6 (21,000) (24,000)
Provisions for liabilities (467) (467)
Net assets 595,325 601,297
Capital and reserves
Called up share capital 518,700 518,700
Redemption Reserve 5,955 5,955
Profit and loss account 70,670 76,642
Shareholders' funds 595,325 601,297
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.
D Porter
Director
Approved by the board on 10 May 2024
THE WINDSOR (PENARTH) MASONIC HALL COMPANY (1927) LIMITED
Notes to the Accounts
for the year ended 31 October 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 15% Reducing balance
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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 November 2023 549,445 82,587 632,032
Additions - 5,707 5,707
At 31 October 2024 549,445 88,294 637,739
Depreciation
At 1 November 2023 - 54,338 54,338
Charge for the year - 5,094 5,094
At 31 October 2024 - 59,432 59,432
Net book value
At 31 October 2024 549,445 28,862 578,307
At 31 October 2023 549,445 28,249 577,694
4 Debtors 2024 2023
£ £
Other debtors 1,252 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 18,195 20,969
Trade creditors 1,273 5,841
Taxation and social security costs - 1,252
Other creditors 500 1,431
19,968 29,493
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 21,000 24,000
7 Controlling party
The company is under the ultimate financial control of the directors.
8 Other information
THE WINDSOR (PENARTH) MASONIC HALL COMPANY (1927) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Plymouth Rooms
Stanwell Road
Penarth
Vale of Glamorgan
CF64 2LR
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