Registered number
07510771
Hassocks & District Angling Society Ltd
Filleted Accounts
31 March 2023
Hassocks & District Angling Society Ltd
Registered number: 07510771
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 7,000 7,000
Tangible assets 4 67,764 64,632
74,764 71,632
Current assets
Cash at bank and in hand 103,297 82,487
Creditors: amounts falling due within one year 5 (26,146) (14,348)
Net current assets 77,151 68,139
Net assets 151,915 139,771
Capital and reserves
Profit and loss account 151,915 139,771
Shareholder's funds 151,915 139,771
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W G Brown
Director
Approved by the board on 18 October 2023
Hassocks & District Angling Society Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 7,000
At 31 March 2023 7,000
Amortisation
At 31 March 2023 -
Net book value
At 31 March 2023 7,000
At 31 March 2022 7,000
The value represents fishing rights that were granted in perpetuity.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 64,280 9,902 74,182
Additions - 4,134 4,134
At 31 March 2023 64,280 14,036 78,316
Depreciation
At 1 April 2022 - 9,550 9,550
Charge for the year - 1,002 1,002
At 31 March 2023 - 10,552 10,552
Net book value
At 31 March 2023 64,280 3,484 67,764
At 31 March 2022 64,280 352 64,632
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 26,146 14,348
6 Other information
Hassocks & District Angling Society Ltd is a private company limited by guarantee without share capital and incorporated in England. Its registered office is:
c/o Unit 43
Newhaven Enterprise Centre
Newhaven
East Sussex
BN9 9BA
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