Gwent Anglers Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 00178864 (England and Wales)

GWENT ANGLERS LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R C B Burpitt

J P G Griffiths QC

B Hughes

P J Murrin

Dr R G Goodwin

R E Kerby

REGISTERED OFFICE:

J Straker Chadwick & Sons

Market Street Chambers

Abergavenny

Gwent

NP7 5SD

REGISTERED NUMBER:

00178864 (England and Wales)

ACCOUNTANTS:

Obp chartered accountants

7a Nevill Street

Abergavenny

Monmouthshire

NP7 5AA

FIXED ASSETS

Intangible assets

4

1,620

1,620

Tangible assets

5

12,934

13,065

14,554

14,685

CURRENT ASSETS

Debtors

6

848

91

Cash at bank and in hand

40,477

39,536

41,325

39,627

CREDITORS

Amounts falling due within one year

7

(4,073

)

(4,056

)

NET CURRENT ASSETS

37,252

35,571

TOTAL ASSETS LESS CURRENT LIABILITIES

51,806

50,256

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

3,836

2,286

SHAREHOLDERS' FUNDS

51,806

50,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 6 April 2017 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 etc

-

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 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.

Fixed asset investments

Fixed asset investments are valued at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2016

and 31 December 2016

1,620

NET BOOK VALUE

At 31 December 2016

1,620

At 31 December 2015

1,620

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2016

and 31 December 2016

12,456

2,187

14,643

DEPRECIATION

At 1 January 2016

-

1,578

1,578

Charge for year

-

131

131

At 31 December 2016

-

1,709

1,709

NET BOOK VALUE

At 31 December 2016

12,456

478

12,934

At 31 December 2015

12,456

609

13,065

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

753

-

Other debtors

95

91

848

91

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Taxation and social security

8

4

Other creditors

4,065

4,052

4,073

4,056