| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| Sheffield Masonic Hall Company Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| Sheffield Masonic Hall Company Ltd |
| Sheffield Masonic Hall Company Ltd (Registered number: 00008952) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Chairman's Report | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| Sheffield Masonic Hall Company Ltd |
| Company Information |
| for the Year Ended 31 December 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 16-18 Station Road |
| Chapeltown |
| Sheffield |
| South Yorkshire |
| S35 2XH |
| Sheffield Masonic Hall Company Ltd (Registered number: 00008952) |
| Chairman's Report |
| for the Year Ended 31 December 2024 |
| The Chairman presents his statement for the period. |
| Financial Results |
| After a number of years with very high energy costs, I am very pleased that they have returned to a more normal level, and we have been able to work without the restrictions of the previous year. |
| Staff costs continued to rise in accordance with the National Minimum Wage regulations, as have the insurance costs. |
| However, despite the above, the Company generated an increase in Total Income as well as a substantial increase in the year end value of the Share Portfolio. This was also in thanks to a television drama filmed at the hall which was shown on the BBC. |
| The Company did show a profit for the year and with the agreement of the Shareholders, the annual rental to Lodges and Other Orders remained unchanged. |
| Dividend |
| The payment of a dividend has been considered by the Board, and after agreement with the shareholders, it was agreed that a dividend would not be paid. |
| Board and Corporate Governance |
| The members of the Board is as last year, and my thanks go to all the Board members for their continued support. |
| We continue to communicate through council meetings and at the AGM. The Directors are available to address any Lodge meeting on the matters of the operations of Tapton Hall. Our Front of House manager and Head Chef both, when possible, have informal meetings with the Masters of the Lodges and members in general. By this method of communication, we hope to continue to improve our relationship and satisfy, if possible, their wishes. |
| We have employed Lishmans LLP to act as our accountants going forward, as we believe that they are much better suited to our needs. |
| Future Developments |
| In October 2022, John Clague was appointed to form a committee to look into the future of Freemasonry at Tapton Hall. Unfortunately, the plans to develop the site cannot proceed, because 'Historic England' has, for various reasons, declared that they will not support any development of the site. |
| The Company continues to provide facilities for Freemasons and the public, and we will continue to market these facilities. |
| Finally |
| We have had a good year, and are fortunate to have a loyal staff whose work ethic is formidable. I thank them for their contributions. |
| Sheffield Masonic Hall Company Ltd (Registered number: 00008952) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) |
| NET ASSETS |
| Sheffield Masonic Hall Company Ltd (Registered number: 00008952) |
| Balance Sheet - continued |
| 31 December 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 12 |
| Capital redemption reserve | 12 |
| Retained earnings | 12 | ( |
) |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Sheffield Masonic Hall Company Ltd (Registered number: 00008952) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Sheffield Masonic Hall Company Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Turnover in respect of Masonic rentals, events and functions are recongnised in the period to which they relate. Deposits on events and functions are recongnised when the event or function takes place. Turnover in respect of bar and catering sales are recognised at the point of sale. |
| Tangible fixed assets |
| Freehold property | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| Profits to be taxed include an adjustment for non trading profit which is calculated based on trading and non trading income and expenditure. |
| Sheffield Masonic Hall Company Ltd (Registered number: 00008952) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST OR VALUATION |
| At 1 January 2024 |
| Additions |
| Revaluations |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| Sheffield Masonic Hall Company Ltd (Registered number: 00008952) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 4. | INTANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31 December 2024 is represented by: |
| Other |
| intangible |
| assets |
| £ |
| Valuation in 0 | 10,048 |
| Cost | 145,995 |
| 156,043 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and | Computer |
| property | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2024 |
| Additions |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 6. | STOCKS |
| 2024 | 2023 |
| £ | £ |
| Stocks |
| Sheffield Masonic Hall Company Ltd (Registered number: 00008952) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Sales control (petty cash) |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts (see note 10) |
| Trade creditors |
| Social security and other taxes |
| VAT | 28,450 | 26,834 |
| Function Deposits | 10,458 | 14,849 |
| Accrued expenses |
| Tips Control | 1,203 | 1,110 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans (see note 10) |
| Preference shares (see note 10) |
| 10. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Sheffield Masonic Hall Company Ltd (Registered number: 00008952) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 10. | LOANS - continued |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| Preference shares | 78,209 | 78,209 |
| 11. | PROVISIONS FOR LIABILITIES |
| 2024 | 2023 |
| £ | £ |
| Deferred tax | 7,188 | - |
| Deferred |
| tax |
| £ |
| Provided during year |
| Balance at 31 December 2024 |
| 12. | RESERVES |
| Capital |
| Retained | Revaluation | redemption |
| earnings | reserve | reserve | Totals |
| £ | £ | £ | £ |
| At 1 January 2024 | ( |
) | 311,204 |
| Profit for the year |
| At 31 December 2024 | 350,391 |