Accrington Anglers (Holdings) Limited Filleted accounts for Companies House (small and micro)

ACCRINGTON ANGLERS (HOLDINGS) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 00794985

ACCRINGTON ANGLERS (HOLDINGS) LIMITED

Company Limited by Guarantee

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 September 2019

ACCRINGTON ANGLERS (HOLDINGS) LIMITED

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

30 September 2019

	2019		2018
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		112,096		112,096

CURRENT ASSETS

Debtors	6	4,002	6,690
Investments	7	374	402
Cash at bank and in hand		120,018	121,689
		---------	---------
		124,394	128,781

CREDITORS: amounts falling due within one year	8	9,236		10,360
		---------		---------
NET CURRENT ASSETS			115,158		118,421
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			227,254		230,517
			---------		---------
NET ASSETS			227,254		230,517
			---------		---------

CAPITAL AND RESERVES

Revaluation reserve	1,332	1,332
Profit and loss account	225,922	229,185
	---------	---------
MEMBERS FUNDS	227,254	230,517
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2019 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 .

ACCRINGTON ANGLERS (HOLDINGS) LIMITED

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION (continued)

30 September 2019

These financial statements were approved by the board of directors and authorised for issue on 18 October 2019 , and are signed on behalf of the board by:

J.P. Shorrock

Director

Company registration number: 00794985

ACCRINGTON ANGLERS (HOLDINGS) LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2019

1. GENERAL INFORMATION

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Plane Tree House, Lomas Lane, Balladen, Rossendale, BB4 6HU.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, modified to include certain investments at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Depreciation

No depreciation has been provided on the company's interest in fisheries because, in the opinion of the directors, there is no diminution in value.

Investments held as current assets are stated at fair value.

(d) Revenue recognition

Income is the total amount receivable by the company in the ordinary course of business from entrance fees and subscriptions.

(e) Taxation

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

(f) Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

(g) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(h) Financial instruments

Basic financial instruments are recognised at amortised cost.

4. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee. In the event of the company requiring funds in order to continue as a going concern the members have undertaken to contribute the necessary capital up to a maximum of £100 per member. It is unlikely these circumstances will arise in the foreseeable future.

5. TANGIBLE ASSETS

	Fisheries	Total
	£	£
Cost
At 1 October 2018 and 30 September 2019	112,096	112,096
	---------	---------
Depreciation
At 1 October 2018 and 30 September 2019	–	–
	---------	---------
Carrying amount
At 30 September 2019	112,096	112,096
	---------	---------
At 30 September 2018	112,096	112,096
	---------	---------

6. DEBTORS

	2019	2018
	£	£
Prepayments and accrued income	4,002	6,690
	-------	-------

7. INVESTMENTS

	2019	2018
	£	£
Quoted shares at fair value	374	402
	----	----

8. CREDITORS: amounts falling due within one year

	2019	2018
	£	£
Accruals and deferred income	1,486	1,210
Other creditors	7,750	9,150
	-------	--------
	9,236	10,360
	-------	--------

9. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2019	2018
	£	£
Not later than 1 year	19,470	22,642
Later than 1 year and not later than 5 years	2,500	20,568
	--------	--------
	16,970	43,210
	--------	--------

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There are no transactions with directors that require disclosure under FRS 102.

11. RELATED PARTY TRANSACTIONS

The company was under the control of the directors throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under the provisions of FRS 102 Section 1A.