Wrexham Masonic Hall Company Limited - Accounts to registrar (filleted) - small 18.2
Wrexham Masonic Hall Company Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Wrexham Masonic Hall Company Limited |
| Unaudited Financial Statements |
| For The Year Ended |
| 31st December 2020 |
| Wrexham Masonic Hall Company Limited (Registered number: 00185179) |
| Contents of the Financial Statements |
| For The Year Ended 31st December 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Wrexham Masonic Hall Company Limited |
| Company Information |
| For The Year Ended 31st December 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| St Andrews House |
| Yale Business Village |
| Ellice Way |
| Wrexham |
| Wrexham CB |
| LL13 7YL |
| Wrexham Masonic Hall Company Limited (Registered number: 00185179) |
| Balance Sheet |
| 31st December 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 10 |
| Retained earnings | 10 |
| 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. |
| Wrexham Masonic Hall Company Limited (Registered number: 00185179) |
| Balance Sheet - continued |
| 31st December 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Wrexham Masonic Hall Company Limited (Registered number: 00185179) |
| Notes to the Financial Statements |
| For The Year Ended 31st December 2020 |
| 1. | STATUTORY INFORMATION |
| Wrexham Masonic Hall Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of 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 |
| Plant & machinery | - |
| Fixtures & fittings | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Wrexham Masonic Hall Company Limited (Registered number: 00185179) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st December 2020 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant & | Fixtures |
| machinery | & fittings | Totals |
| £ | £ | £ |
| COST |
| At 1st January 2020 |
| Additions |
| At 31st December 2020 |
| DEPRECIATION |
| At 1st January 2020 |
| Charge for year |
| At 31st December 2020 |
| NET BOOK VALUE |
| At 31st December 2020 |
| At 31st December 2019 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st January 2020 |
| and 31st December 2020 |
| NET BOOK VALUE |
| At 31st December 2020 |
| At 31st December 2019 |
| Fair value at 31 December 2020 is represented by: |
| £ |
| Valuation in 2012 | 600,000 |
| Valuation in 2016 | 120,000 |
| 720,000 |
| If Maesgwyn Hall had not been revalued it would have been included at the following historical cost: |
| 2020 | 2019 |
| £ | £ |
| 51,367 | 51,367 |
| Wrexham Masonic Hall Company Limited (Registered number: 00185179) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st December 2020 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans |
| 9. | PROVISIONS FOR LIABILITIES |
| 2020 | 2019 |
| £ | £ |
| Deferred tax | 119,967 | 118,887 |
| Deferred |
| tax |
| £ |
| Balance at 1st January 2020 |
| Provided during year |
| Balance at 31st December 2020 |
| Wrexham Masonic Hall Company Limited (Registered number: 00185179) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st December 2020 |
| 10. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1st January 2020 | 623,149 |
| Profit for the year |
| At 31st December 2020 | 631,521 |
| Fair value |
| The fair value reserve includes any fair value adjustments recognised for current and prior years which are | unavailable for distribution. |
| Retained earnings |
| The retained earnings reserve includes all current and prior period retained profits and losses which remain | available but are undistributed at the reporting date. |