Accounts filed on 31-08-2016
Accounts filed on 31-08-2016
trueAudenshaw Masonic Hall Limited009130622016-08-31-161986-1624786657356652436931869318758403758403665735665243151680151680435754357586099086049810990104982367236713357128651303012538327327850000850000850000850000Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents rental income received in the year.
Investment properties
Investment properties are carried forward in the Balance Sheet at open market value. In accordance with Statement of Standard Accounting Practice No. 19, no depreciation is provided on investment properties on the grounds that provision for depreciation would involve a contravention of the over-riding requirement that the accounts of the company should portray a true and fair view of the company's state of affairs at the Balance Sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
850000850000850000850000Ordinary16931869318693182016-12-02Mr B T Grovetruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureAudenshaw Masonic Hall Limited2015-09-012016-08-31Audenshaw Masonic Hall Limited2014-09-012015-08-31Audenshaw Masonic Hall Limited2014-08-31Audenshaw Masonic Hall Limited2015-08-31Audenshaw Masonic Hall Limited2015-08-31Audenshaw Masonic Hall Limited2016-08-31 2017-02-28
