## **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 Page 3 ## **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| Page 4 ## **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| Page 5 ## **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 Page 6