In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Banbury Masonic Buildings Company Limited for the year ended 31 December 2025 set out on pages 2 to 5 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Banbury Masonic Buildings Company Limited, as a body, in accordance with the terms of our engagement letter dated 13 March 2024.Our work has been undertaken solely to prepare for your approval the financial statements of Banbury Masonic Buildings Company Limited and state those matters that we have agreed to state to the Board of Directors of Banbury Masonic Buildings Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at icaew.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Banbury Masonic Buildings Company Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Banbury Masonic Buildings Company Limited 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 profit of Banbury Masonic Buildings Company Limited. You consider that Banbury Masonic Buildings Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Banbury Masonic Buildings Company Limited. 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Banbury Masonic Buildings Company Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Freemasons Hall, Marlborough Road, Banbury, Oxon, OX16 8DB.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover represents the total amount receivable by the company from the provision of services. Income is recognised when the right to consideration arises.

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 the profit or loss

The tax expense represents the tax currently payable

The tax currently payable is based on taxable investment income for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

The average monthly number of persons (including directors) employed by the company during the year was:

The expenditure on buildings relates to the Freemasons Hall, which was erected on land owned by the members of Cherwell Lodge.

Any subsequent sale of the land by the Cherwell Lodge would be subject to the equitable right that the Banbury Masonic Buildings Company Limited have in the land, with regard to their expenditure on the building.

The company is limited by guarantee.

In the event of the company being wound up, the members undertake to contribute to the liabilities of the company to a limit of £1 each. At the year end of 31 December 2025 there were 7 members (2024 - 7).

Each of the four Masonic Lodges have paid an amount of £20 in advance of the capital guarantees.