0 0 Barnstaple Masonic Hall Co Ltd 00818452 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the running of licensed clubs. Digita Accounts Production Advanced 6.30.9574.0 true true 00818452 2023-10-01 2024-09-30 00818452 2024-09-30 00818452 core:CurrentFinancialInstruments 2024-09-30 00818452 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 00818452 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 00818452 core:FurnitureFittings 2024-09-30 00818452 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 00818452 bus:SmallEntities 2023-10-01 2024-09-30 00818452 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 00818452 bus:FilletedAccounts 2023-10-01 2024-09-30 00818452 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 00818452 bus:RegisteredOffice 2023-10-01 2024-09-30 00818452 bus:Director3 2023-10-01 2024-09-30 00818452 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00818452 core:FurnitureFittings 2023-10-01 2024-09-30 00818452 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 00818452 core:LandBuildings 2023-10-01 2024-09-30 00818452 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00818452 countries:EnglandWales 2023-10-01 2024-09-30 00818452 2023-09-30 00818452 core:FurnitureFittings 2023-09-30 00818452 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 00818452 2022-10-01 2023-09-30 00818452 2023-09-30 00818452 core:CurrentFinancialInstruments 2023-09-30 00818452 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 00818452 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 00818452 core:FurnitureFittings 2023-09-30 00818452 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 xbrli:pure iso4217:GBP

Registration number: 00818452

Barnstaple Masonic Hall Co Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Barnstaple Masonic Hall Co Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Barnstaple Masonic Hall Co Ltd

(Registration number: 00818452)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

438,540

443,487

Current assets

 

Debtors

5

539

6,113

Cash at bank and in hand

 

4,694

4,464

 

5,233

10,577

Creditors: Amounts falling due within one year

6

(9,576)

(15,660)

Net current liabilities

 

(4,343)

(5,083)

Total assets less current liabilities

 

434,197

438,404

Creditors: Amounts falling due after more than one year

6

-

(5,544)

Provisions for liabilities

(61,248)

(62,436)

Net assets

 

372,949

370,424

Capital and reserves

 

Called up share capital

21,095

21,095

Revaluation reserve

282,884

285,318

Profit and loss account

68,970

64,011

Shareholders' funds

 

372,949

370,424

For the financial year ending 30 September 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 and 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 Statement of Comprehensive Income.

Approved and authorised by the Board on 25 June 2025 and signed on its behalf by:
 


Mr R A Harris
Director

 

Barnstaple Masonic Hall Co Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
4 Trafalgar Lawn
Barnstaple
Devon
EX32 9BD

Principal activity

The principal activity of the company is the running of licensed clubs.

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 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 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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Barnstaple Masonic Hall Co Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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 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 current 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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 statement of financial position 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

Freehold Property

Straight line over one hundred years

Fittings fixtures and equipment

5% reducing balance

 

Barnstaple Masonic Hall Co Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Barnstaple Masonic Hall Co Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 October 2023

475,000

16,554

491,554

At 30 September 2024

475,000

16,554

491,554

Depreciation

At 1 October 2023

38,000

10,067

48,067

Charge for the year

4,750

197

4,947

At 30 September 2024

42,750

10,264

53,014

Carrying amount

At 30 September 2024

432,250

6,290

438,540

At 30 September 2023

437,000

6,487

443,487

The company's freehold property was revalued by Mr James White of Philip, Smith and Dunn Estate Agents in November 2015 at £475,000 open market value.

5

Debtors

2024
£

2023
£

Trade debtors

539

3,613

Prepayments

-

2,500

539

6,113

 

Barnstaple Masonic Hall Co Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

5,544

6,672

Taxation and social security

1,367

2,990

Accruals and deferred income

2,015

5,348

Other creditors

650

650

9,576

15,660

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Loans and borrowings

-

5,544

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Revaluation reserve

This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income.