Midland Flyfishers Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00630294 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

MIDLAND FLYFISHERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E D Brown

J S P Furniss

E J Dawes

R Norman

J Pearce

J B Campbell

R A Skan

M E Stirk

P T Stafford

D A Thompson

G J Southall

SECRETARY:

E J Dawes

REGISTERED OFFICE:

44 Ashlawn Crescent

Solihull

B91 1PS

REGISTERED NUMBER:

00630294 (England and Wales)

AUDITORS:

Prime

Chartered Accountants

Statutory Auditor

161 Newhall Street

Birmingham

B3 1SW

FIXED ASSETS

Tangible assets

4

99,283

99,283

CURRENT ASSETS

Debtors

5

6,388

5,776

Cash at bank

242,740

238,458

249,128

244,234

CREDITORS

Amounts falling due within one year

6

3,155

3,292

NET CURRENT ASSETS

245,973

240,942

TOTAL ASSETS LESS CURRENT LIABILITIES

345,256

340,225

RESERVES

Retained earnings

345,256

340,225

MEMBERS' FUNDS

345,256

340,225

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 15 January 2024 and were signed on its behalf by:

J B Campbell - Director

1.	STATUTORY INFORMATION

Midland Flyfishers Limited is a private company, limited by guarantee , 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.

Subscriptions and entrance fees

Subscriptions are credited to the income and expenditure account in the year in which they are due.

Entrance fees are accounted for on receipt.

Tangible fixed assets

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

Freehold fishing rights

-

not provided

Freehold fishing rights and land are stated at 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 (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

fishing

rights

£

COST

At 1 October 2022

and 30 September 2023

99,283

NET BOOK VALUE

At 30 September 2023

99,283

At 30 September 2022

99,283

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

6,388

5,776

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

124

52

Other creditors

3,031

3,240

3,155

3,292

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Leigh Dudley FCCA (Senior Statutory Auditor)

for and on behalf of Prime

8.	RELATED PARTY DISCLOSURES

The members of the committee enjoy the same benefits of membership and at the same cost as other members.

9.	MEMBERS LIABILITIES

The company does not have a share capital but the liability of members is limited, in the event of the company being wound up, to an amount not exceeding £5 for each member.