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REGISTERED NUMBER: 09053802 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Isle Of Wight Freshwater Angling Company

Isle Of Wight Freshwater Angling Company (Registered number: 09053802)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Isle Of Wight Freshwater Angling Company

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr P M Bennett
Mr S G Simpson
Mr T Oatley
Mr E Hayles
Mr S Pearce
Mr I Winn
Mrs S Winn
Mr D C Blake


SECRETARY: Mr J M Creaser


REGISTERED OFFICE: 16c Sandown Road
Lake
Isle of Wight
PO36 9JP


REGISTERED NUMBER: 09053802 (England and Wales)


ACCOUNTANTS: Allegri & Co.
16c Sandown Road
Lake
Isle of Wight
PO36 9JP


BANKERS: NatWest Bank plc
St.James Street
Newport
Isle of Wight
PO30 1AB

Isle Of Wight Freshwater Angling Company (Registered number: 09053802)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 427,637 426,072

CURRENT ASSETS
Stocks 65,996 65,996
Debtors 5 900 900
Cash at bank and in hand 124,384 146,357
191,280 213,253
CREDITORS
Amounts falling due within one year 6 1,293 958
NET CURRENT ASSETS 189,987 212,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

617,624

638,367

RESERVES
Income and expenditure account 617,624 638,367
617,624 638,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 surplus or deficit 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.

Isle Of Wight Freshwater Angling Company (Registered number: 09053802)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:




Mr I Winn - Director



Mrs S Winn - Director


Isle Of Wight Freshwater Angling Company (Registered number: 09053802)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Isle Of Wight Freshwater Angling Company is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Isle Of Wight Freshwater Angling Company (Registered number: 09053802)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 258,371 207,686 466,057
Additions - 6,380 6,380
At 31 March 2024 258,371 214,066 472,437
DEPRECIATION
At 1 April 2023 - 39,985 39,985
Charge for year - 4,815 4,815
At 31 March 2024 - 44,800 44,800
NET BOOK VALUE
At 31 March 2024 258,371 169,266 427,637
At 31 March 2023 258,371 167,701 426,072

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 900 900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 392 58
Other creditors 901 900
1,293 958