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REGISTERED NUMBER: 00498554 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 December 2024 |

| for |

| Ilkeston Masonic Hall Association |

| Limited |

Ilkeston Masonic Hall Association

Limited (Registered number: 00498554)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Ilkeston Masonic Hall Association

Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | N R Bacon

| T J Bailey

| R W Oxley

| M F Roe

| G K Edwards

| C Hill

| SECRETARY: | R W Oxley

| REGISTERED OFFICE: | The Old Estate Yard

| Flake Lane

| Stanton by Dale

| Derbyshire

| DE7 4QD

| REGISTERED NUMBER: | 00498554 (England and Wales)

| ACCOUNTANTS: | Mabe Allen LLP

| Chartered Accountants

| The Old Manse

| 29 St. Mary Street

| Ilkeston

| Derbyshire

| DE7 8AB

Ilkeston Masonic Hall Association

Limited (Registered number: 00498554)

Balance Sheet

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 236,483 |  | 241,356 |  |

CURRENT ASSETS

Debtors | 5 | 21,292 |  | 14,184 |  |

Cash at bank | 32,965 |  | 32,435 |  |

54,257 |  | 46,619 |  |

CREDITORS

Amounts falling due within one year | 6 | 11,756 |  | 8,072 |  |

NET CURRENT ASSETS | 42,501 |  | 38,547 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 278,984 |  | 279,903 |  |

PROVISIONS FOR LIABILITIES | 1,070 |  | 1,137 |  |

NET ASSETS | 277,914 |  | 278,766 |  |

RESERVES

Revaluation reserve | 7 | 95,302 |  | 96,768 |  |

Retained earnings | 182,612 |  | 181,998 |  |

277,914 |  | 278,766 |  |

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.

Ilkeston Masonic Hall Association

Limited (Registered number: 00498554)

Balance Sheet - continued

31 December 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by:

R W Oxley - Director

M F Roe - Director

Ilkeston Masonic Hall Association

Limited (Registered number: 00498554)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Ilkeston Masonic Hall Association Limited is a private company, limited by guarantee , 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 (£).

| The company is not a member of a group and the information contained within these accounts therefore refers only to the company.

| The company's place of business is Ilkeston Masonic Hall High Street Ilkeston Derbyshire DE7 5JA.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified to include the revaluation of freehold land and buildings.

| Turnover

| Income from donations is recognised on receipt, unless it relates to an item of specific expenditure in which case it is recognised at the point that the related expenditure is incurred.

| Annual voluntary contributions are recognised over the year to which they relate .

| Income from functions and other activities is recognised in the period in which the services are provided.

| Other income is recognised in the period in which the relevant services are provided.

Ilkeston Masonic Hall Association

Limited (Registered number: 00498554)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| 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 | - | 4% on cost

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

| At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

| Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

| If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2023 - NIL).

Ilkeston Masonic Hall Association

Limited (Registered number: 00498554)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |

| property |  | fittings |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 January 2024

| and 31 December 2024 | 242,791 |  | 40,419 |  | 283,210 |  |

| DEPRECIATION

| At 1 January 2024 | 28,912 |  | 12,942 |  | 41,854 |  |

| Charge for year | 3,256 |  | 1,617 |  | 4,873 |  |

| At 31 December 2024 | 32,168 |  | 14,559 |  | 46,727 |  |

| NET BOOK VALUE

| At 31 December 2024 | 210,623 |  | 25,860 |  | 236,483 |  |

| At 31 December 2023 | 213,879 |  | 27,477 |  | 241,356 |  |

| Included in cost or valuation of land and buildings is freehold land of £ 80,000 (2023 - £ 80,000 ) which is not depreciated.

| Cost or valuation at 31 December 2024 is represented by:

| Fixtures |

| Freehold |  | and |

| property |  | fittings |  | Totals

£ | £ | £ |

| Valuation in 2015 | 109,962 |  | - |  | 109,962 |  |

| Cost | 132,829 |  | 40,419 |  | 173,248 |  |

242,791 |  | 40,419 |  | 283,210 |  |

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

2024 | 2023 |

£ | £ |

| Cost | 132,829 |  | 132,829 |  |

| Aggregate depreciation | 17,508 |  | 15,718 |  |

| Freehold land and buildings were valued on an open market basis on 31 December 2024 by the directors .

Ilkeston Masonic Hall Association

Limited (Registered number: 00498554)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Contibutions owing | 19,008 |  | 13,769 |  |

| Other debtors | 2,050 |  | 150 |  |

| Prepayments | 234 |  | 265 |  |

21,292 |  | 14,184 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Corporation tax | 346 |  | 334 |  |

| Deferred income and donations | 5,465 |  | 6,978 |  |

| Accruals | 5,945 |  | 760 |  |

11,756 |  | 8,072 |  |

7. | RESERVES

| Revaluation

| reserve

£ |

| At 1 January 2024 | 96,768 |  |

| Transfer of excess depreciation on revaluation | (1,466 | ) |

| At 31 December 2024 | 95,302 |  |