| Yeovil Masonic Hall Company Limited |
| Registered number: |
00536072 |
| Balance Sheet |
| as at 30 June 2020 |
|
| Notes |
|
|
2020 |
|
|
2019 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
85,586 |
|
|
89,163 |
|
| Current assets |
| Stocks |
|
|
500 |
|
|
1,529 |
| Debtors |
4 |
|
- |
|
|
2,000 |
| Cash at bank and in hand |
|
|
37,496 |
|
|
8,405 |
|
|
|
37,996 |
|
|
11,934 |
|
| Creditors: amounts falling due within one year |
5 |
|
(745) |
|
|
(721) |
|
| Net current assets |
|
|
|
37,251 |
|
|
11,213 |
|
| Net assets |
|
|
|
122,837 |
|
|
100,376 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
5,600 |
|
|
5,600 |
| Structural repair reserve |
6 |
|
|
38,899 |
|
|
21,199 |
| Profit and loss account |
|
|
|
78,338 |
|
|
73,577 |
|
| Shareholders' funds |
|
|
|
122,837 |
|
|
100,376 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| D J Thomas |
| Director |
| Approved by the board on 29.10.2020 |
|
| Yeovil Masonic Hall Company Limited |
| Notes to the Accounts |
| for the year ended 30 June 2020 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
| 2 |
Employees |
2020 |
|
2019 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Equipment and computers |
|
Fixtures and fittings |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 July 2019 |
114,101 |
|
46,260 |
|
28,903 |
|
189,264 |
|
Additions |
- |
|
540 |
|
- |
|
540 |
|
At 30 June 2020 |
114,101 |
|
46,800 |
|
28,903 |
|
189,804 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2019 |
38,000 |
|
43,266 |
|
18,835 |
|
100,101 |
|
Charge for the year |
1,900 |
|
707 |
|
1,510 |
|
4,117 |
|
At 30 June 2020 |
39,900 |
|
43,973 |
|
20,345 |
|
104,218 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2020 |
74,201 |
|
2,827 |
|
8,558 |
|
85,586 |
|
At 30 June 2019 |
76,101 |
|
2,994 |
|
10,068 |
|
89,163 |
|
|
| 4 |
Debtors |
2020 |
|
2019 |
| £ |
£ |
|
|
Other debtors |
- |
|
2,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2020 |
|
2019 |
| £ |
£ |
|
|
Other creditors |
745 |
|
721 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Structural Repair Reserve |
2020 |
|
2019 |
| £ |
£ |
|
|
At 1 July 2019 |
21,199 |
|
27,599 |
|
Net transfers in the year |
17,700 |
|
(6,400) |
|
|
At 30 June 2020 |
38,899 |
|
21,199 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Yeovil Masonic Hall Company Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
23 Hendford |
|
Yeovil |
|
Somerset |
|
BA20 1TQ |
|
23 Hendford |
|
Yeovil |
|
Somerset BA20 1TQ |
|
|
| 7 |
Capital Life Expiry Fund |
|
|
Within the figure of £37496 (2019 - £8405) shown as cash at bank and in hand is an amount of £26602 (2019 - £8902) set aside by directors in accordance with a plan to provide a fund from which to pay for various repairs to the property. The plan, which came into effect on 1 March 2002, ensures that regular tranmsfers (currently £300 per month) are made into a separate account. During the year £18300 (including £3300 from monthly transfers) was paid into the account, while £600 (2019 - £10000) was paid out of the fund for approved repairs. |
