The Colwyn Bay Masonic Hall Co. Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 00177366 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

COLWYN BAY MASONIC HALL COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Davies

Mr I D Findlow

Mr F L Davies

Mr D Adams

Mr T E Wyatt

Mr J R Lingwood

Mr C A Wharmby

Mr D W Brown

Mr A G Smith

Mr S J Cooper

Mr G A Edwards

SECRETARY:

Mr D W Brown

REGISTERED OFFICE:

Osborne House

13 Bay View Road

Colwyn Bay

North Wales

LL29 8DW

REGISTERED NUMBER:

00177366 (England and Wales)

ACCOUNTANTS:

Williams Denton Cyf

Chartered Certified Accountants

13 Trinity Square

Llandudno

Conwy

LL30 2RB

BANKERS:

Natwest Colwyn Bay

2 Abergele Road

Colwyn Bay

Clwyd

LL29 7NR

FIXED ASSETS

Tangible assets

3

4,040

4,893

Investment property

4

300,000

300,000

304,040

304,893

CURRENT ASSETS

Cash at bank

10,872

7,218

CREDITORS

Amounts falling due within one year

5

773

749

NET CURRENT ASSETS

10,099

6,469

TOTAL ASSETS LESS CURRENT LIABILITIES

314,139

311,362

CREDITORS

Amounts falling due after more than one year

6

2,300

2,300

NET ASSETS

311,839

309,062

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

306,839

304,062

SHAREHOLDERS' FUNDS

311,839

309,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 1 June 2017 and were signed on its behalf by:

Mr G Davies - Director

1.	STATUTORY INFORMATION

Colwyn Bay Masonic Hall Company Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Income consists of rents received during the period excluding VAT

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 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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

and 31 December 2016

10,708

DEPRECIATION

At 1 January 2016

5,815

Charge for year

853

At 31 December 2016

6,668

NET BOOK VALUE

At 31 December 2016

4,040

At 31 December 2015

4,893

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2016

and 31 December 2016

301,900

DEPRECIATION

At 1 January 2016

and 31 December 2016

1,900

NET BOOK VALUE

At 31 December 2016

300,000

At 31 December 2015

300,000

Cost or valuation at 31 December 2016 is represented by:

£

Valuation in 2005

287,518

Cost

14,382

301,900

If Investment Property had not been revalued it would have been included at the following historical cost:

31.12.16

31.12.15

£

£

Cost

14,382

14,382

Aggregate depreciation

(1,900

)

(1,900

)

Investment property was valued on an open market basis on 17 February 2009 by the directors .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other creditors

773

749

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Other creditors

2,300

2,300

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

2,300

2,300

7.	FIRST YEAR ADOPTION

These financial statements for the year ended 31 December 2016 are the first financial statements that comply

with FRS 102 Section 1A small entities. The date of transition is 1 January 2014.

The transition to FRS 102 Section 1A small entities has resulted in no significant changes in accounting policies

to those used previously.