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REGISTERED NUMBER: 00116401 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

STOCKBRIDGE FISHERY ASSOCIATION LIMITED

STOCKBRIDGE FISHERY ASSOCIATION LIMITED (REGISTERED NUMBER: 00116401)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STOCKBRIDGE FISHERY ASSOCIATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: P A McN Boyd Esq
D J Morrison Esq
Sir P A Le Marchant Bt.
A G R Windham Esq CVO



SECRETARY: Martin and Company (Company Secretaries) Limited



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



REGISTERED NUMBER: 00116401 (England and Wales)



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



BANKERS: C Hoare & Co
37 Fleet St
London
EC4P 4DQ

STOCKBRIDGE FISHERY ASSOCIATION LIMITED (REGISTERED NUMBER: 00116401)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,031,802 1,044,948
Investment property 5 1,334,000 1,334,000
2,365,802 2,378,948

CURRENT ASSETS
Stocks 114,629 111,106
Debtors 6 153,649 19,979
Cash at bank and in hand 124,405 488,729
392,683 619,814
CREDITORS
Amounts falling due within one year 7 119,438 159,929
NET CURRENT ASSETS 273,245 459,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,639,047

2,838,833

CREDITORS
Amounts falling due after more than one
year

8

-

(211,235

)

PROVISIONS FOR LIABILITIES (135,096 ) (135,096 )
NET ASSETS 2,503,951 2,492,502

CAPITAL AND RESERVES
Called up share capital 7 7
Share premium 34,723 34,723
Gifts and legacies 269,293 269,293
Retained earnings 2,199,928 2,188,479
SHAREHOLDERS' FUNDS 2,503,951 2,492,502

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

STOCKBRIDGE FISHERY ASSOCIATION LIMITED (REGISTERED NUMBER: 00116401)

BALANCE SHEET - continued
31ST DECEMBER 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 12th August 2024 and were signed on its behalf by:





A G R Windham Esq CVO - Director


STOCKBRIDGE FISHERY ASSOCIATION LIMITED (REGISTERED NUMBER: 00116401)

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


1. STATUTORY INFORMATION

Stockbridge Fishery Association Limited is a private company, limited by shares, registered in the United Kingdom. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Subscriptions and membership fees are recognised when the company becomes legally entitled to the fees.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - at varying rates on cost
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

A proportion of the freehold land and buildings in note 4 includes land which is not depreciated, the remainder of the buildings are depreciated at varying rates on cost from 2% to 10%.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.


STOCKBRIDGE FISHERY ASSOCIATION LIMITED (REGISTERED NUMBER: 00116401)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 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.

Gifts and legacies
Gifts and legacies, whether received in the year or transferred from debentures, are credited direct to the gifts and legacies reserve account on the balance sheet without being accounted for through the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 1,162,499 183,944 67,481 1,166 1,415,090
Additions - 873 - - 873
At 31st December 2023 1,162,499 184,817 67,481 1,166 1,415,963
DEPRECIATION
At 1st January 2023 136,740 166,222 66,307 873 370,142
Charge for year 10,480 2,471 875 193 14,019
At 31st December 2023 147,220 168,693 67,182 1,066 384,161
NET BOOK VALUE
At 31st December 2023 1,015,279 16,124 299 100 1,031,802
At 31st December 2022 1,025,759 17,722 1,174 293 1,044,948

The value of freehold land and buildings shown above included land and residential property totalling £911,478 (2022 £918,411).

STOCKBRIDGE FISHERY ASSOCIATION LIMITED (REGISTERED NUMBER: 00116401)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 1,334,000
NET BOOK VALUE
At 31st December 2023 1,334,000
At 31st December 2022 1,334,000

The valuation of the other remaining properties has been considered by the directors and from advice provided no increase in value has been included in the 2023 financial statements due to the current economic climate.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,935 4,776
Other debtors 138,714 15,203
153,649 19,979

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 14,704
Trade creditors 3,684 3,433
Other creditors 95,260 87,681
Accruals & deferred income 20,494 54,111
119,438 159,929

Included within other creditors are debentures that are unsecured and interest free. They will be redeemed in full on 31st December 2082 or earlier should the holder die, resign from the club or give the Secretary of the company twelve months written notice of request for repayment.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years - 61,815
Bank loans more than 5 years by instalment - 149,420
- 211,235

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by instalment - 149,420

STOCKBRIDGE FISHERY ASSOCIATION LIMITED (REGISTERED NUMBER: 00116401)

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


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 225,939