Gwent Anglers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00178864 (England and Wales)

GWENT ANGLERS LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R C B Burpitt

R G Goodwin

J P G Griffiths QC

B Hughes

R E Kerby

P J Murrin

REGISTERED OFFICE:

63 Clive Street

Canton

Cardiff

CF5 1HH

REGISTERED NUMBER:

00178864 (England and Wales)

ACCOUNTANTS:

O'Brien & Partners

Chartered Accountant

Highdale House

7 Centre Court

Treforest Industrial Estate

Pontypridd

Rhondda Cynon Taff

CF37 5YR

FIXED ASSETS

Intangible assets

4

1,620

1,620

Tangible assets

5

12,456

12,456

14,076

14,076

CURRENT ASSETS

Debtors

6

94

92

Cash at bank and in hand

39,028

38,342

39,122

38,434

CREDITORS

Amounts falling due within one year

7

1,524

1,284

NET CURRENT ASSETS

37,598

37,150

TOTAL ASSETS LESS CURRENT LIABILITIES

51,674

51,226

CAPITAL AND RESERVES

Called up share capital

5,760

5,760

Share premium

230

230

Capital redemption reserve

730

730

Compensation Fund Account

41,250

41,250

Retained earnings

3,704

3,256

SHAREHOLDERS' FUNDS

51,674

51,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2022 and were signed on its behalf by:

J P G Griffiths QC - Director

1.	STATUTORY INFORMATION

Gwent Anglers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets

Intangible fixed assets are valued at cost. The residual value of the asset is considered to be at least equal to its cost value.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2021

and 31 December 2021

1,620

NET BOOK VALUE

At 31 December 2021

1,620

At 31 December 2020

1,620

5.	TANGIBLE FIXED ASSETS

Bungalow,

Boat and

Bottom

Land at

Fixtures

Blac k

fishing

Plant and

and

Hut

hut

machinery

fittings

Totals

£

£

£

£

£

COST

At 1 January 2021

and 31 December 2021

711

11,745

1,017

1,170

14,643

DEPRECIATION

At 1 January 2021

and 31 December 2021

-

-

1,017

1,170

2,187

NET BOOK VALUE

At 31 December 2021

711

11,745

-

-

12,456

At 31 December 2020

711

11,745

-

-

12,456

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Other debtors

94

92

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Other creditors

1,524

1,284