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REGISTERED NUMBER: 09673781 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

H T ANGLING LIMITED

H T ANGLING LIMITED (REGISTERED NUMBER: 09673781)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


H T ANGLING LIMITED (REGISTERED NUMBER: 09673781)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,775 10,309
Tangible assets 5 177,056 132,370
183,831 142,679

CURRENT ASSETS
Stocks 110,000 105,000
Debtors 6 37 6,367
Cash at bank and in hand 4,619 5,766
114,656 117,133
CREDITORS
Amounts falling due within one year 7 112,095 101,648
NET CURRENT ASSETS 2,561 15,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,392

158,164

CREDITORS
Amounts falling due after more than one
year

8

(151,713

)

(163,692

)

PROVISIONS FOR LIABILITIES (8,500 ) (550 )
NET ASSETS/(LIABILITIES) 26,179 (6,078 )

CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 10 36,849 -
Retained earnings (10,673 ) (6,081 )
SHAREHOLDERS' FUNDS 26,179 (6,078 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 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.

H T ANGLING LIMITED (REGISTERED NUMBER: 09673781)

BALANCE SHEET - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





M R Tayloe - Director


H T ANGLING LIMITED (REGISTERED NUMBER: 09673781)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

H T Angling Limited is a private company, limited by shares, registered in England and Wales, registered number 09673781. Its registered office is Admiral House, Waterfront East, Brierley Hill, DY5 1XG.

The financial statements are presented in Sterling, which is the functional currency of the company.

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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 20% on cost

No depreciation is provided on the company's freehold property since, in the opinion of the directors, the expected useful lives are sufficiently long, and the estimated residual values are sufficiently high, that any such depreciation would be immaterial. In view of this, directors carry out an annual impairment review of their properties.

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

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 balance sheet date.


H T ANGLING LIMITED (REGISTERED NUMBER: 09673781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The accounts have been drawn up on the going concern basis. The company's ongoing activities are dependent upon the continued financial support of one of its director's, who has undertaken that this support will be given for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Financial instruments
Basic financial liabilities, including trade and other debtors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 35,344
AMORTISATION
At 1 December 2022 25,035
Charge for year 3,534
At 30 November 2023 28,569
NET BOOK VALUE
At 30 November 2023 6,775
At 30 November 2022 10,309

H T ANGLING LIMITED (REGISTERED NUMBER: 09673781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 December 2022 129,651 16,622 146,273
Revaluations 45,349 - 45,349
At 30 November 2023 175,000 16,622 191,622
DEPRECIATION
At 1 December 2022 - 13,903 13,903
Charge for year - 663 663
At 30 November 2023 - 14,566 14,566
NET BOOK VALUE
At 30 November 2023 175,000 2,056 177,056
At 30 November 2022 129,651 2,719 132,370

Cost or valuation at 30 November 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 45,349 - 45,349
Cost 129,651 16,622 146,273
175,000 16,622 191,622

Land and buildings were revalued by directors at their open market value as at 30 November 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 37 6,367

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 23,591 12,231
Trade creditors 30,003 21,654
Taxation and social security 6,077 8,843
Other creditors 52,424 58,920
112,095 101,648

H T ANGLING LIMITED (REGISTERED NUMBER: 09673781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 74,713 86,692
Other creditors 77,000 77,000
151,713 163,692

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 15,248 34,350

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 51,457 56,493

Bank loans totalling £51,457 are secured by way of a fixed and floating charge over all assets of the company, and also by way of a legal charge over the freehold property.

10. RESERVES
Revaluation
reserve
£   
Revaluation of freehold
property 36,849

At 30 November 2023 36,849

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
M R Tayloe and Mrs T K Tayloe
Balance outstanding at start of year 6,328 (6,846 )
Amounts advanced 27,200 26,073
Amounts repaid (34,914 ) (12,899 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,386 ) 6,328

H T ANGLING LIMITED (REGISTERED NUMBER: 09673781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

R Harrison
Balance outstanding at start of year (55,125 ) (53,125 )
Amounts advanced 18,000 -
Amounts repaid - (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (37,125 ) (55,125 )

The above loans were unsecured, interest free and repayable on demand.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2022 - £6,000) were paid to the directors .