Chipping Campden Masonic Temple Company Limited - Period Ending 2022-03-31

Chipping Campden Masonic Temple Company Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Chipping Campden Masonic Temple Company Limited

Company Information

Chairman

P Leadbeater

Directors

D Humphries K Bick M C Connop J Bartlett R Gamble J R Stephenson A J Townsend H C Nicholson S A Faulkner

Company secretary

D Humphries

Registered office

The Old Kings Arms High Street Chipping Campden Gloucestershire GL55 6HB

Solicitors

Fletcher Day Ltd 110 Cannon Street London EC4N 6EU

Accountants

Clement Rabjohns Limited Chartered Accountants 111/113 High Street Evesham Worcestershire WR11 4XP

Chipping Campden Masonic Temple Company Limited

(Registration number: 00753648)
Balance Sheet as at 31 March 2022

	Note	2022 £	2021 £
Fixed assets
Tangible assets	4	3,527	4,461
Investment property	5	550,000	550,000
Other financial assets	6	97,742	93,350
		651,269	647,811
Current assets
Cash at bank and in hand		25,953	19,030
Creditors: Amounts falling due within one year	7	(1,674)	(1,675)
Net current assets		24,279	17,355
Total assets less current liabilities		675,548	665,166
Provisions for liabilities		(144,534)	(107,374)
Net assets		531,014	557,792
Reserves
Other reserves		431,145	454,478
Retained earnings		99,869	103,314
Surplus		531,014	557,792

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 November 2022 and signed on its behalf by:
 

Chipping Campden Masonic Temple Company Limited

(Registration number: 00753648)
Balance Sheet as at 31 March 2022

......................................... K Bick Director

......................................... P Leadbeater Chairman

Chipping Campden Masonic Temple Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
The Old Kings Arms
High Street
Chipping Campden
Gloucestershire
GL55 6HB
United Kingdom

These financial statements were authorised for issue by the Board on 27 November 2022.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Rental income in included in the financial statements on the date on which the receipts fall due.

Investment income is included in the financial statements from the date of the receipt of the dividend or interest.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Chipping Campden Masonic Temple Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	5% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2021 - 11).

Chipping Campden Masonic Temple Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 April 2021	19,261	19,261
At 31 March 2022	19,261	19,261
Depreciation
At 1 April 2021	14,800	14,800
Charge for the year	934	934
At 31 March 2022	15,734	15,734
Carrying amount
At 31 March 2022	3,527	3,527
At 31 March 2021	4,461	4,461

5	Investment properties

	2022 £
At 1 April and 31 March	550,000

Investment property has been valued at 31 March 2022 by a director, John Stephenson FRICS.

There has been no valuation of investment property by an independent valuer.

Had the investment property been measured on a historical cost basis, the carrying amount would have been £6,564 (2021: £6,564).

Chipping Campden Masonic Temple Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2021	93,350	93,350
Fair value adjustments	2,337	2,337
Additions	2,055	2,055
At 31 March 2022	97,742	97,742
Impairment
Carrying amount
At 31 March 2022	97,742	97,742

7

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Due within one year
Accruals and deferred income	1,674	1,674
Other creditors	-	1
	1,674	1,675