Lincoln Masonic Centre Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06692126 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Lincoln Masonic Centre Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

M F Bull

R L Brittan

P D Carter

B M Goodman

M Barrowcliffe

D Wright

T H Hunter

R Bixley

REGISTERED OFFICE:

116 Nettleham Road

Lincoln

Lincolnshire

LN2 1RR

REGISTERED NUMBER:

06692126 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Britannia House

Marshall's Yard

Gainsborough

Lincolnshire

DN21 2NA

FIXED ASSETS

Tangible assets

3

603,332

618,913

CURRENT ASSETS

Cash at bank

10,212

6,082

CREDITORS

Amounts falling due within one year

4

103,065

103,801

NET CURRENT LIABILITIES

(92,853

)

(97,719

)

TOTAL ASSETS LESS CURRENT LIABILITIES

510,479

521,194

CREDITORS

Amounts falling due after more than one year

5

46,160

55,837

NET ASSETS

464,319

465,357

RESERVES

Retained earnings

464,319

465,357

464,319

465,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 11 September 2017 and were signed on its behalf by:

B M Goodman - Director

1.	STATUTORY INFORMATION

Lincoln Masonic Centre Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold property

- 2% on cost

Plant and machinery

- 15% reducing balance

Fixtures and fittings

- 15% reducing balance

Donations

Donations are received during the year from both individuals and masonic lodges. The donations relate to the

finance costs of the acquisition of the building and as such are not taxable.

3.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

623,025

13,387

19,953

656,365

DEPRECIATION

At 1 April 2016

24,921

5,227

7,304

37,452

Charge for year

12,460

1,224

1,897

15,581

At 31 March 2017

37,381

6,451

9,201

53,033

NET BOOK VALUE

At 31 March 2017

585,644

6,936

10,752

603,332

At 31 March 2016

598,104

8,160

12,649

618,913

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

12,279

12,279

Taxation and social security

171

382

Other creditors

90,615

91,140

103,065

103,801

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

46,160

55,837

Amounts falling due in more than five years:

Repayable by instalments

Mortgage over 5 years by instalments

-

6,722

6.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

58,439

68,116

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Lincoln Masonic Centre Ltd for the year ended 31 March 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lincoln Masonic Centre Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lincoln Masonic Centre Ltd and state those matters that we have agreed to state to the Board of Directors of Lincoln Masonic Centre Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lincoln Masonic Centre Ltd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lincoln Masonic Centre Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lincoln Masonic Centre Ltd. You consider that Lincoln Masonic Centre Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lincoln Masonic Centre Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wright Vigar Limited

Chartered Accountants & Business Advisers

Britannia House

Marshall's Yard

Gainsborough

Lincolnshire

DN21 2NA

Date: .............................................