Company registration number: 00185336
Unaudited financial statements
for the year ended 31 December 2024
for
Garston Masonic Hall Limited(the)
Pages for filing with the Registrar
Company registration number: 00185336
Garston Masonic Hall Limited(the)
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 83,861 87,616
83,861 87,616
Current assets
Debtors 3,504 3,640
Cash at bank and in hand 9,079 14,138
12,583 17,778
Creditors: amounts falling due within one
year 		(4,302) (2,196)
Net current assets 8,281 15,582
Total assets less current liabilities 92,142 103,198
NET ASSETS 92,142 103,198
Capital and reserves
Called up share capital 5,000 5,000
Revaluation reserve 62,243 64,565
Other reserves 77,407 77,407
Profit and loss account (52,508) (43,774)
TOTAL EQUITY 92,142 103,198
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 00185336
Garston Masonic Hall Limited(the)
Balance sheet - continued
as at 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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 31 March 2025 and signed on its behalf by:
Mr M Yates, Director
31 March 2025
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Garston Masonic Hall Limited(the)
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Garston Masonic Hall Limited(the) is a private company registered in England and Wales. Its registered number is 00185336. The company is limited by shares. Its registered office is Studio 4, 113 Liverpool Road, Liverpool, Merseyside, L23 5TD.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 2% on cost
Plant and machinery etc.:
Fixtures & fittings - 15% reducing balance
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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Garston Masonic Hall Limited(the)
Notes to the financial statements - continued
for the year ended 31 December 2024
3 Average number of employees
During the year the average number of employees was (2023 - Nil).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 January 2024 173,041 35,943 208,984
At 31 December 2024 173,041 35,943 208,984
Depreciation
At 1 January 2024 87,386 33,982 121,368
Charge for year 3,460 295 3,755
At 31 December 2024 90,846 34,277 125,123
Net book value
At 31 December 2024 82,195 1,666 83,861
At 31 December 2023 85,655 1,961 87,616
Cost or valuation at 31 December 2024 is represented by:
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Valuation in 2002 116,103 - 116,103
Cost 56,938 35,943 92,881
173,041 35,943 208,984
5 Contingent Liabilities
In the event of the freehold property being sold at its revalued amount there is a potential liability to capital gains tax.

In order to compute the liability, it would be necessary to agree the valuation of property at March 1982 with the Inland Revenue. In the opinion of the directors no capital gains tax liability will arise.
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Garston Masonic Hall Limited(the)
Notes to the financial statements - continued
for the year ended 31 December 2024
6 Related Party Transactions
Included in other debtors is a loan account with Liverpool South Masonic Club, which is a related party due to all the directors of Garston Masonic Hall Limited as listed in the directors report, being members of Liverpool South Masonic Club. The amount due to Garston Masonic Hall Limited from Liverpool South Masonic Club at the year end was £2,670 (2022 £2,670).

No interest is due on this loan and no provision against the balance is necessary.
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