Wrexham Masonic Hall Company Limited - Accounts to registrar (filleted) - small 23.2.5
Wrexham Masonic Hall Company Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| WREXHAM MASONIC HALL COMPANY LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31 DECEMBER 2022 |
| WREXHAM MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00185179) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2022 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 4 |
| WREXHAM MASONIC HALL COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2022 |
| 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 |
| 31 DECEMBER 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investment property | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities | 8 |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Fair value reserve | 9 |
| Retained earnings | 9 |
| 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 |
| 31 DECEMBER 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
| The financial statements were approved on behalf of 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 31 DECEMBER 2022 |
| 1. | Statutory information |
| Wrexham Masonic Hall Company Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| 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. |
| 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. |
| 3. | Employees and directors |
| The average number of employees during the year was NIL (2021 - NIL). |
| WREXHAM MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00185179) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2022 |
| 4. | Tangible fixed assets |
| Plant & | Fixtures |
| machinery | & fittings | Totals |
| £ | £ | £ |
| Cost |
| At 1 January 2022 |
| Additions |
| At 31 December 2022 |
| Depreciation |
| At 1 January 2022 |
| Charge for year |
| At 31 December 2022 |
| Net book value |
| At 31 December 2022 |
| At 31 December 2021 |
| 5. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 January 2022 |
| and 31 December 2022 |
| Net book value |
| At 31 December 2022 |
| At 31 December 2021 |
| Fair value at 31 December 2022 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: |
| 2022 | 2021 |
| £ | £ |
| 51,367 | 51,367 |
| WREXHAM MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00185179) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2022 |
| 6. | Debtors: amounts falling due within one year |
| 2022 | 2021 |
| £ | £ |
| Berwyn Lodge |
| Other debtors | 1,028 | 752 |
| VAT |
| 7. | Creditors: amounts falling due within one year |
| 2022 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | Provisions for liabilities |
| 2022 | 2021 |
| £ | £ |
| Deferred tax | 167,158 | 119,967 |
| Deferred |
| tax |
| £ |
| Balance at 1 January 2022 |
| Unused amounts reversed during year |
| Change in tax rate | 40,118 |
| Balance at 31 December 2022 |
| WREXHAM MASONIC HALL COMPANY LIMITED (REGISTERED NUMBER: 00185179) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2022 |
| 9. | Reserves |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 January 2022 | 658,222 |
| Profit for the year |
| Deferred tax movement | - | (40,118 | ) | (40,118 | ) |
| At 31 December 2022 | 650,342 |
| 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. |