Sheffield Masonic Hall Company Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 00008952 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Sheffield Masonic Hall Company Ltd

Page

Company Information

1

Chairman's Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr S Hides

Mr A D Taylor

R J Campos

A R Hudson

C Knapton

M Steer

SECRETARY:

Mr S Green

REGISTERED OFFICE:

Tapton Hall

Shore Lane

Fulwood Road

Sheffield

South Yorkshire

S10 3BU

REGISTERED NUMBER:

00008952 (England and Wales)

ACCOUNTANTS:

Lishmans LLP

16-18 Station Road

Chapeltown

Sheffield

South Yorkshire

S35 2XH

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.

FIXED ASSETS

Intangible assets

4

156,043

108,366

Tangible assets

5

262,784

275,716

418,827

384,082

CURRENT ASSETS

Stocks

6

13,401

13,434

Debtors

7

57,978

66,381

Cash at bank and in hand

67,670

83,382

139,049

163,197

CREDITORS

Amounts falling due within one year

8

113,016

138,757

NET CURRENT ASSETS

26,033

24,440

TOTAL ASSETS LESS CURRENT
LIABILITIES

444,860

408,522

CREDITORS

Amounts falling due after more than
one year

9

(87,258

)

(97,295

)

PROVISIONS FOR LIABILITIES

11

(7,188

)

-

NET ASSETS

350,414

311,227

CAPITAL AND RESERVES

Called up share capital

23

Revaluation reserve

12

800

Capital redemption reserve

12

314,434

Retained earnings

12

35,157

(4,030

)

350,414

311,227

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 23 July 2025 and were signed on its behalf by:

Mr A D Taylor - Director

1.	STATUTORY INFORMATION

Sheffield Masonic Hall Company Ltd 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.

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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

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.

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 30 (2023 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST OR VALUATION

At 1 January 2024

108,366

Additions

37,629

Revaluations

10,048

At 31 December 2024

156,043

NET BOOK VALUE

At 31 December 2024

156,043

At 31 December 2023

108,366

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

417,156

646,768

43,631

1,107,555

Additions

-

3,793

-

3,793

At 31 December 2024

417,156

650,561

43,631

1,111,348

DEPRECIATION

At 1 January 2024

189,642

605,693

36,504

831,839

Charge for year

2,550

11,941

2,234

16,725

At 31 December 2024

192,192

617,634

38,738

848,564

NET BOOK VALUE

At 31 December 2024

224,964

32,927

4,893

262,784

At 31 December 2023

227,514

41,075

7,127

275,716

6.

STOCKS

2024

2023

£

Stocks

13,401

13,434

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

45,952

36,464

Sales control (petty cash)

311

234

Prepayments

11,715

29,683

57,978

66,381

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts (see note 10)

10,000

Trade creditors

34,941

57,281

Social security and other taxes

6,986

6,883

VAT

28,450

26,834

Function Deposits

10,458

14,849

Accrued expenses

20,978

21,800

Tips Control

1,203

1,110

113,016

138,757

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans (see note 10)

9,049

19,086

Preference shares (see note 10)

78,209

87,258

97,295

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

10,000

2024

2023

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

9,049

19,086

Preference shares

78,209

87,258

97,295

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

7,188

-

Deferred

tax

£

Provided during year

7,188

Balance at 31 December 2024

7,188

12.

RESERVES

Capital

Retained

Revaluation

redemption

earnings

reserve

Totals

£

At 1 January 2024

(4,030

)

800

314,434

311,204

Profit for the year

39,187

At 31 December 2024

35,157

800

314,434

350,391