Company Registration No. 3612328 (England and Wales)
THE BATH MASONIC HALL TRUSTEE COMPANY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
THE BATH MASONIC HALL TRUSTEE COMPANY LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3
THE BATH MASONIC HALL TRUSTEE COMPANY LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE BATH MASONIC HALL TRUSTEE COMPANY LIMITED FOR THE YEAR ENDED 30 JUNE 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Bath Masonic Hall Trustee Company Limited for the year ended 30 June 2016 set out on pages 3 to 7 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, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of The Bath Masonic Hall Trustee Company Limited, as a body, in accordance with the terms of our engagement letter dated 18 May 2012. Our work has been undertaken solely to prepare for your approval the financial statements of The Bath Masonic Hall Trustee Company Limited and state those matters that we have agreed to state to the Board of Directors of The Bath Masonic Hall Trustee Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Bath Masonic Hall Trustee Company Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that The Bath Masonic Hall Trustee Company 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 surplus of The Bath Masonic Hall Trustee Company Limited. You consider that The Bath Masonic Hall Trustee Company 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 The Bath Masonic Hall Trustee Company 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.
Pearson May
24 March 2017
Chartered Accountants
37 Great Pulteney Street
Bath
BA2 4DA
THE BATH MASONIC HALL TRUSTEE COMPANY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
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2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
476
185
Current assets
Stocks
1,665
2,245
Debtors
2,181
586
Cash at bank and in hand
15,525
11,410
19,371
14,241
Creditors: amounts falling due within one year
(10,390)
(7,902)
Net current assets
8,981
6,339
Total assets less current liabilities
9,457
6,524
Capital and reserves
Profit and loss account
9,457
6,524
Shareholders' funds
9,457
6,524
For the financial year ended 30 June 2016 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 23 March 2017
A A Dolman
Director
Company Registration No. 3612328
THE BATH MASONIC HALL TRUSTEE COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
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1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% reducing balance
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
312
Additions
450
At 30 June 2016
762
Depreciation
At 1 July 2015
127
Charge for the year
159
At 30 June 2016
286
Net book value
At 30 June 2016
476
At 30 June 2015
185