Rochford Masonic Hall Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01591376 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

FOR

ROCHFORD MASONIC HALL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

M H Fisher

C H Barclay

J P Smoothy

A J Harvey OBE

D Potter

R J Potts

A E Goater

D J Reynolds

G S Goodall

K G R Izard

T Maton

A Cripps

P Goddard

M Wood

I C Turner

REGISTERED OFFICE:

The Old Court House

24 South Street

Rochford

Essex

SS4 1BQ

REGISTERED NUMBER:

01591376 (England and Wales)

ACCOUNTANTS:

Goldwyns Limited

Chartered Accountants

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

FIXED ASSETS

Tangible assets

4

138,334

119,816

CURRENT ASSETS

Stocks

1,525

50

Debtors

5

10,094

2,444

Cash at bank

32,317

21,283

43,936

23,777

CREDITORS

Amounts falling due within one year

6

9,057

11,945

NET CURRENT ASSETS

34,879

11,832

TOTAL ASSETS LESS CURRENT LIABILITIES

173,213

131,648

CREDITORS

Amounts falling due after more than one year

7

45,859

6,055

NET ASSETS

127,354

125,593

RESERVES

Income and expenditure account

127,354

125,593

127,354

125,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 surplus or deficit 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 24 August 2022 and were signed on its behalf by:

P Goddard - Director

1.	STATUTORY INFORMATION

Rochford Masonic Hall Limited is a private company, limited by guarantee , 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents bar takings, net of value added tax.

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

-

No depreciation

Fixtures and fittings

-

20% on reducing balance

The company has not depreciated freehold buildings, which is a departure from the requirements of the Financial Reporting Standard 102. The freehold buildings are maintained to a high standard and it is the opinion of the directors that the residual values would be sufficiently high to make any depreciation charge immaterial.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 July 2021

116,343

71,561

187,904

Additions

-

24,014

24,014

At 30 June 2022

116,343

95,575

211,918

DEPRECIATION

At 1 July 2021

-

68,088

68,088

Charge for year

-

5,496

5,496

At 30 June 2022

-

73,584

73,584

NET BOOK VALUE

At 30 June 2022

116,343

21,991

138,334

At 30 June 2021

116,343

3,473

119,816

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

10,094

2,444

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

1,233

223

Taxation and social security

20

23

Other creditors

7,804

11,699

9,057

11,945

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

4,821

6,055

Other creditors

41,038

-

45,859

6,055

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

990

Other loans more 5yrs instal

21,556

-

21,556

990

8.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

6,054

6,278

Other loans

47,297

-

53,351

6,278

The Bounce Back loan is secured by a guarantee from the UK Government under the Bounce Back Loan Scheme.

The company also received a loan secured upon the company's assets.

The following reproduces the text of the report prepared for the directors 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 Rochford Masonic Hall Limited for the year ended 30 June 2022 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 Rochford Masonic Hall Limited, 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 Rochford Masonic Hall Limited and state those matters that we have agreed to state to the Board of Directors of Rochford Masonic Hall Limited, 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 Rochford Masonic Hall Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rochford Masonic Hall Limited 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 profit of Rochford Masonic Hall Limited. You consider that Rochford Masonic Hall Limited 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 Rochford Masonic Hall Limited. 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.

Goldwyns Limited

Chartered Accountants

Rutland House

90-92 Baxter Avenue

Southend on Sea

Essex

SS2 6HZ

5 September 2022