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REGISTERED NUMBER: 08979526 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

DOWNLAND FIELDSPORTS LIMITED

DOWNLAND FIELDSPORTS LIMITED (REGISTERED NUMBER: 08979526)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DOWNLAND FIELDSPORTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTOR: G Wilson-North





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 08979526 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

DOWNLAND FIELDSPORTS LIMITED (REGISTERED NUMBER: 08979526)

BALANCE SHEET
31ST JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,315 44,436

CURRENT ASSETS
Debtors 5 5,864 12,046
Cash at bank 13,135 28,177
18,999 40,223
CREDITORS
Amounts falling due within one year 6 33,134 32,631
NET CURRENT (LIABILITIES)/ASSETS (14,135 ) 7,592
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,180

52,028

CREDITORS
Amounts falling due after more than one
year

7

(20,532

)

(29,210

)

PROVISIONS FOR LIABILITIES (5,139 ) (8,031 )
NET ASSETS 509 14,787

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 409 14,687
SHAREHOLDERS' FUNDS 509 14,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DOWNLAND FIELDSPORTS LIMITED (REGISTERED NUMBER: 08979526)

BALANCE SHEET - continued
31ST JANUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2nd November 2023 and were signed by:





G Wilson-North - Director


DOWNLAND FIELDSPORTS LIMITED (REGISTERED NUMBER: 08979526)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023


1. STATUTORY INFORMATION

Downland Fieldsports 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 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.

Turnover
Turnover represents gross invoiced sales of services, less value added tax calculated at a flat rate on those gross sales, which are recognised when the services are provided.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

DOWNLAND FIELDSPORTS LIMITED (REGISTERED NUMBER: 08979526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st February 2022 43,899 32,750 76,649
Additions 2,724 16,500 19,224
Disposals - (15,500 ) (15,500 )
At 31st January 2023 46,623 33,750 80,373
DEPRECIATION
At 1st February 2022 20,883 11,330 32,213
Charge for year 5,147 6,573 11,720
Eliminated on disposal - (3,875 ) (3,875 )
At 31st January 2023 26,030 14,028 40,058
NET BOOK VALUE
At 31st January 2023 20,593 19,722 40,315
At 31st January 2022 23,016 21,420 44,436

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,864 -
Other debtors - 3,400
Prepayments and accrued income - 8,646
5,864 12,046

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,822 7,629
Hire purchase contracts 4,250 5,000
Trade creditors 2,786 543
VAT 5,414 5,440
Directors' current accounts 10,862 12,019
Accrued expenses 2,000 2,000
33,134 32,631

DOWNLAND FIELDSPORTS LIMITED (REGISTERED NUMBER: 08979526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans >1 year 20,032 27,960
Hire purchase contracts 500 1,250
20,532 29,210