Gainsborough Masonic Temple Limited - Period Ending 2015-03-31

Registration number: 00503592

Gainsborough Masonic Temple Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Gainsborough Masonic Temple Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Gainsborough Masonic Temple Limited
(Registration number: 00503592)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			107,696			111,660
Current assets
Debtors					4,264			5,555
Cash at bank and in hand					26,961			19,012
					31,225			24,567
Creditors: Amounts falling due within one year					(3,775)			(275)
Net current assets					27,450			24,292
Net assets					135,146			135,952
Capital and reserves
Called up share capital		3			385			385
Profit and loss account					134,761			135,567
Shareholders' funds					135,146			135,952

For the year ending 31 March 2015 the company was entitled to exemption 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 27 November 2015 and signed on its behalf by:

.........................................
Mark Robert Hunsley
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Gainsborough Masonic Temple Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents the invoiced value of services provided.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Freehold property	1% on cost
Plant and machinery	20% reducing balance basis
Office equipment	20% reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		180,399			180,399
At 31 March 2015		180,399			180,399
Depreciation
At 1 April 2014		68,739			68,739
Charge for the year		3,964			3,964
At 31 March 2015		72,703			72,703
Net book value
At 31 March 2015		107,696			107,696
At 31 March 2014		111,660			111,660

Page 2

Gainsborough Masonic Temple Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		385			385			385			385

4

Control

None of the members has a controlling interest in the company .

Page 3