COMPANY REGISTRATION NUMBER:
05275838
THE CHIDDINGFOLD, LECONFIELD AND COWDRAY HUNT
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Company Limited by Guarantee
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FILLETED UNAUDITED FINANCIAL STATEMENTS
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THE CHIDDINGFOLD, LECONFIELD AND COWDRAY HUNT
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COMPANY LIMITED BY GUARANTEE
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STATEMENT OF FINANCIAL POSITION
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30 April 2021
Current assets
Debtors
|
6
|
7,546
|
10,665
|
Cash at bank and in hand
|
116,679
|
76,671
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|
----------
|
---------
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124,225
|
87,336
|
|
|
|
|
Creditors: amounts falling due within one year
|
7
|
61,745
|
12,195
|
|
----------
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---------
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Net current assets
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62,480
|
75,141
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|
---------
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---------
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Total assets less current liabilities
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62,480
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75,141
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|
---------
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---------
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Net assets
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62,480
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75,141
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|
---------
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---------
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Capital and reserves
Profit and loss account
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62,480
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75,141
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---------
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---------
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Members funds
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62,480
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75,141
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---------
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---------
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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 Section 1A of 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 April 2021 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
.
THE CHIDDINGFOLD, LECONFIELD AND COWDRAY HUNT
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COMPANY LIMITED BY GUARANTEE
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STATEMENT OF FINANCIAL POSITION (continued)
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30 April 2021
These financial statements were approved by the
board of directors
and authorised for issue on
8 June 2021
, and are signed on behalf of the board by:
R Stubbs
|
JC Gough
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Director
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Director
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Company registration number:
05275838
THE CHIDDINGFOLD, LECONFIELD AND COWDRAY HUNT
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COMPANY LIMITED BY GUARANTEE
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NOTES TO THE FINANCIAL STATEMENTS
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YEAR ENDED 30 APRIL 2021
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is The Kennels, Petworth Park, London Road, Petworth, West Sussex, GU29 9RL.
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
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.
Going concern
On 11th March 2020 a new coronavirus disease (COVID-19) was declared a pandemic by The World Health Organisation. The resulting lock-down and restrictions on holding events curtailed the end of the Hunting season and resulted in the cancellation of the Point to Point and the Hunt Ball. The company has taken advantage of the support and has cut-back on expenditure to enable it to continue as a going concern. The subscribers and supporters have remained loyal enabling the hunt to continue to operate under the guidance from The Hunting Office as a regulated sporting activity. The Directors are confident that the company will be able to meet its liabilities as and when they fall due for the foreseeable future and thus it remains a going concern.
Revenue recognition
The turnover shown in the profit and loss account represents amounts received and receivable during the year.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Company limited by guarantee
The company does not have a share capital and is limited by guarantee. The liability of each member of the company in the event of the company being wound up is limited to a maximum of £1.
5.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2020:
2
).
6.
Debtors
|
2021
|
2020
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|
£
|
£
|
Trade debtors
|
1,924
|
1,924
|
Other debtors
|
5,622
|
8,741
|
|
-------
|
---------
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|
7,546
|
10,665
|
|
-------
|
---------
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|
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7.
Creditors:
amounts falling due within one year
|
2021
|
2020
|
|
£
|
£
|
Bank loans and overdrafts
|
42,000
|
–
|
Trade creditors
|
571
|
535
|
Other creditors
|
19,174
|
11,660
|
|
---------
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---------
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61,745
|
12,195
|
|
---------
|
---------
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8.
Related party transactions
There is no controlling interest in the company. No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.