LYDBURY NORTH VILLAGE HALL UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
Lydbury North Village Hall Contents
| Page | |
|---|---|
| Business Details | 1 |
| Approval | 2 |
| Accountant's Report | 3 |
| Profit and Loss Account | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 |
Lydbury North Village Hall Business Details For The Year Ended 31 March 2025
Partners Mrs Liz Moran Business Lydbury North Nr Bishop's Castle Shropshire SY7 8AQ Accountants Taxassist Accountants First Floor Offices 114b Corve Street Ludlow Shropshire SY8 1DJ
Page 1
Lydbury North Village Hall Accounts Approval Statement For The Year Ended 31 March 2025
I approve these unaudited accounts which comprise a Profit and Loss Account, Balance Sheet and related notes. I acknowledge my responsibility for the accounts including the provision of all the information and explanations necessary for the completion.
Signed
Mrs Liz Moran
Partner Date
Page 2
Lydbury North Village Hall Accountant's Report For The Year Ended 31 March 2025
We have prepared for your approval the financial statements of Lydbury North Village Hall for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to Lydbury North Village Hall in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lydbury North Village Hall and state those matters that we have agreed to state to Lydbury North Village Hall in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lydbury North Village Hall for our work or for this report.
It is your duty to ensure that Lydbury North Village Hall 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 Lydbury North Village Hall. You consider that Lydbury North Village Hall 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 Lydbury North Village Hall. 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.
First Floor Offices 114b Corve Street Ludlow Shropshire SY8 1DJ
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Lydbury North Village Hall Profit and Loss Account For The Year Ended 31 March 2025
| Turnover Hire fee - Hall Events Donations Cost of Sales Performance costs Bar/refreshments Closing stock GROSS PROFIT Other Income Bank interest received |
2025 £ £ 8,014 9,240 50 17,304 5,210 1,941 7,151 (400) 6,751 10,553 814 |
2025 £ £ 8,014 9,240 50 17,304 5,210 1,941 7,151 (400) 6,751 10,553 814 |
2024 £ £ 8,330 3,082 4 11,416 881 1,019 1,900 - 1,900 9,516 582 |
2024 £ £ 8,330 3,082 4 11,416 881 1,019 1,900 - 1,900 9,516 582 |
|---|---|---|---|---|
| 11,416 1,900 |
||||
| 7,151 (400) |
1,900 - |
|||
| 9,516 582 |
||||
Bequest interest received Solar panel income Wayleave income Expenditure Water Light and heat Cleaning Hygiene Computer software costs Maintenance - premises and land Insurance Printing, postage and stationery Card charges Broadband Accountancy fees Subscriptions Bank charges Sundry expenses Gas Depreciation Depreciation of plant and machinery NET PROFIT |
1,024 1,470 2,618 582 71 3,416 2,008 90 19 770 438 558 306 12 1,633 |
7,536 857 13 19,773 15,015 4,758 1,202 3,556 |
494 1,055 2,614 518 63 5,340 1,927 84 3 714 414 656 195 36 1,970 |
7,190 832 13 |
| 18,133 16,083 |
||||
| 1,202 | 1,603 | |||
| 2,050 1,603 |
||||
| 447 |
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Lydbury North Village Hall Balance Sheet As At 31 March 2025
| Notes FIXED ASSETS Tangible Assets 2 CURRENT ASSETS Stock and work in progress Trade debtors Cash at bank and in hand CURRENT LIABILITIES Trade creditors Accruals and deferred income NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS CAPITAL ACCOUNT Balance at 1 April 2024 Profit/(Loss) for the period/year Balance Carried Forward |
2025 £ £ 51,068 400 - 53,632 54,032 - 438 438 53,594 104,662 104,662 101,106 3,556 104,662 |
2025 £ £ 51,068 400 - 53,632 54,032 - 438 438 53,594 104,662 104,662 101,106 3,556 104,662 |
2024 £ £ 52,270 - 1,170 48,189 49,359 109 414 523 48,836 101,106 101,106 100,659 447 101,106 |
2024 £ £ 52,270 - 1,170 48,189 49,359 109 414 523 48,836 101,106 101,106 100,659 447 101,106 |
|---|---|---|---|---|
| 54,032 - 438 |
49,359 109 414 |
|||
| 438 | 523 | |||
| 104,662 | 101,106 | |||
| 104,662 | 101,106 | |||
| 101,106 3,556 |
100,659 447 |
|||
| 104,662 | 101,106 |
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Lydbury North Village Hall Notes to the Accounts For The Year Ended 31 March 2025
1. Accounting Policy
These unaudited accounts have been completed in accordance with UK Generally Accepted Accounting Practice guidelines and provides sufficient and relevant information to enable completion of a tax return.
2. Tangible Assets
| . Tangible Assets |
|||
|---|---|---|---|
| Cost As at 1 April 2024 As at 31 March 2025 Depreciation As at 1 April 2024 Provided during the period As at 31 March 2025 Net Book Value As at 31 March 2025 As at 1 April 2024 |
Land & Property Freehold £ 47,461 |
Plant & Machinery £ 16,766 |
Total £ 64,227 |
| 47,461 | 16,766 | 64,227 | |
| - - |
11,957 1,202 |
11,957 1,202 |
|
| - | 13,159 | 13,159 | |
| 47,461 | 3,607 | 51,068 | |
| 47,461 | 4,809 | 52,270 |
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:
Plant and machinery - 25% reducing balance
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