REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
Lower Tamar Fishing Club Limited |
|
Unaudited Financial Statements |
|
for the Year Ended 31st October 2022 |
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
Lower Tamar Fishing Club Limited |
|
Unaudited Financial Statements |
|
for the Year Ended 31st October 2022 |
|
|
|
|
|
Lower Tamar Fishing Club Limited (Registered number: 01277028) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31st October 2022 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 3 |
|
Lower Tamar Fishing Club Limited |
|
Company Information |
for the Year Ended 31st October 2022 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
48 Arwenack Street |
Falmouth |
Cornwall |
TR11 3JH |
Lower Tamar Fishing Club Limited (Registered number: 01277028) |
|
Statement of Financial Position |
31st October 2022 |
|
2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
Investments | 5 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 6 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
|
|
|
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
|
|
|
|
|
|
Lower Tamar Fishing Club Limited (Registered number: 01277028) |
|
Notes to the Financial Statements |
for the Year Ended 31st October 2022 |
|
1. | STATUTORY INFORMATION |
|
Lower Tamar Fishing Club Limited is a
|
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Tangible fixed assets |
|
Freehold land | - |
|
Plant and machinery | - |
|
Motor vehicles | - |
|
|
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 statement of financial position date. |
|
Fixed asset investments |
Fixed asset investments consists of listed securities of individual companies, investment trusts, bond funds and similar instruments. Fixed asset investments are measured at fair value at the statement of financial position date. |
|
Fair value is based on the quoted market price in an active market at the reporting date. Fair value adjustments arising from a difference between the cost and current market price of the securities are recognised in profit or loss at the valuation date. |
Lower Tamar Fishing Club Limited (Registered number: 01277028) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31st October 2022 |
|
2. | ACCOUNTING POLICIES - continued |
|
Financial instruments |
The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments. |
|
(i) Financial assets |
|
Basic financial assets, including trade and other receivables, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts, discounted at a market rate of interest. |
|
(ii) Financial liabilities |
|
Basic financial liabilities, including trade and other payables, bank loans and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. |
|
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Freehold | Plant and | Motor |
land | machinery | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1st November 2021 |
and 31st October 2022 |
|
|
|
|
DEPRECIATION |
At 1st November 2021 |
|
|
|
|
Charge for year |
|
|
|
|
At 31st October 2022 |
|
|
|
|
NET BOOK VALUE |
At 31st October 2022 |
|
|
|
|
At 31st October 2021 |
|
|
|
|
Lower Tamar Fishing Club Limited (Registered number: 01277028) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31st October 2022 |
|
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 1st November 2021 |
|
Additions |
|
Disposals | ( |
) |
Revaluations | ( |
) |
At 31st October 2022 |
|
NET BOOK VALUE |
At 31st October 2022 |
|
At 31st October 2021 |
|
|
Cost or valuation at 31st October 2022 is represented by: |
|
Other |
investments |
£ |
Valuation in 2020 | 14,077 |
Valuation in 2021 | 31,360 |
Valuation in 2022 | (46,160 | ) |
Cost | 181,032 |
180,309 |
|
If fixed asset investments had not been revalued they would have been included at the following historical cost: |
|
2022 | 2021 |
£ | £ |
Cost | 181,032 | 159,792 |
|
Fixed asset investments were valued on an open market basis on 31st October 2022 by Brewin Dolphin . |
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Taxation and social security |
|
|
Other creditors |
|
|
|
|