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Company Registration No. SC040094 (Scotland)
Masonic Properties (Inverness) Limited Unaudited accounts for the year ended 30 June 2025
Masonic Properties (Inverness) Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Masonic Properties (Inverness) Limited Company Information for the year ended 30 June 2025
Directors
A Lister R J McKeller J I Mackay K Fowler R W McCuaig R B MacDougall D J Munro R P S Sandbach A J Gowie R B Mackenzie A Macleod R J Tracey
Company Number
SC040094 (Scotland)
Registered Office
MASONIC TEMPLE 5, GORDON TERRACE INVERNESS IV2 3HD
Accountants
Ness Consulting (Highland) Ltd 46 Drumfield Road Inverness Scotland IV2 4XQ
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Accountants' report to the board of directors on the preparation of the unaudited statutory statements of Masonic Properties (Inverness) Limited (The Company) for the year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 30 June 2025 which comprises of the profit and loss account, the balance sheet, and explanatory notes from the company's accounting records and from information and explanations which you have provided us with.
As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the board of directors of the company, as a body, in accordance with the terms of our letter of engagement dated . Our work has been undertaken solely to prepare for your approval the financial statements of the company, and state those matters that we have agreed to state to the board of directors of the company as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its board of directors as a body for our work or for this report.
It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and financial performance of the company. You consider that the company is exempt from the requirement to have a statutory audit for the year ended 30 June 2025.
We have not been instructed to carry out any assurance service on the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ness Consulting (Highland) Ltd Financial Accountants 46 Drumfield Road Inverness Scotland IV2 4XQ 5 February 2026
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Masonic Properties (Inverness) Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
676,424
678,804
Current assets
Inventories
275
273
Cash at bank and in hand
78,950
71,657
79,225
71,930
Creditors: amounts falling due within one year
5
(3,704)
(6,412)
Net current assets
75,521
65,518
Total assets less current liabilities
751,945
744,322
Provisions for liabilities
Deferred tax
(1,797)
(2,249)
Net assets
750,148
742,073
Capital and reserves
Called up share capital
8,000
8,000
Revaluation reserve
443,228
443,228
Capital redemption reserve
243,341
243,341
Profit and loss account
55,579
47,504
Shareholders' funds
750,148
742,073
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2026 and were signed on its behalf by
R J McKeller Director Company Registration No. SC040094
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Masonic Properties (Inverness) Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Masonic Properties (Inverness) Limited is a private company, limited by shares, registered in Scotland, registration number SC040094. The registered office is MASONIC TEMPLE, 5, GORDON TERRACE, INVERNESS, IV2 3HD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Property is included at revalued amount, all other tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Nil
Plant & machinery
10% Straight-line
Fixtures & fittings
10% Straight-line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 July 2024
655,000
9,282
37,699
701,981
At 30 June 2025
655,000
9,282
37,699
701,981
Depreciation
At 1 July 2024
-
2,332
20,845
23,177
Charge for the year
-
695
1,685
2,380
At 30 June 2025
-
3,027
22,530
25,557
Net book value
At 30 June 2025
655,000
6,255
15,169
676,424
At 30 June 2024
655,000
6,950
16,854
678,804
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Masonic Properties (Inverness) Limited Notes to the Accounts for the year ended 30 June 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
3,103
3,261
Other creditors
-
2,550
Accruals
601
601
3,704
6,412
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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