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REGISTERED NUMBER: 04048697 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

FOR

THE ORPINGTON AND DISTRICT ANGLING
ASSOCIATION LIMITED

THE ORPINGTON AND DISTRICT ANGLING
ASSOCIATION LIMITED (REGISTERED NUMBER: 04048697)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


THE ORPINGTON AND DISTRICT ANGLING
ASSOCIATION LIMITED (REGISTERED NUMBER: 04048697)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 191,540 186,370

CURRENT ASSETS
Stocks 6 10,318 10,318
Debtors 7 1,691 772
Cash at bank and in hand 20,914 13,044
32,923 24,134
CREDITORS
Amounts falling due within one year 8 6,547 9,494
NET CURRENT ASSETS 26,376 14,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,916

201,010

RESERVES
Non-distributable reserve 9 9,003 9,003
Income and expenditure account 9 208,913 192,007
217,916 201,010

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.

THE ORPINGTON AND DISTRICT ANGLING
ASSOCIATION LIMITED (REGISTERED NUMBER: 04048697)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:




J D R Guider - Director



M P Jones - Director


THE ORPINGTON AND DISTRICT ANGLING
ASSOCIATION LIMITED (REGISTERED NUMBER: 04048697)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

The Orpington And District Angling Association Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04048697

Registered office: Pharmacy Chambers
High Street
Wadhurst
East Sussex
TN5 6AP

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Equipment - 25% on reducing balance

All assets are initially valued at cost.

The value of the freehold land is reconsidered by the directors annually.

Stock
Stock represents the original cost of stocking an angling lake on the freehold property with fish.

THE ORPINGTON AND DISTRICT ANGLING
ASSOCIATION LIMITED (REGISTERED NUMBER: 04048697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

4. EMPLOYEES AND DIRECTORS

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

THE ORPINGTON AND DISTRICT ANGLING
ASSOCIATION LIMITED (REGISTERED NUMBER: 04048697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Freehold
property Equipment Totals
£    £    £   
COST
At 1 April 2023 175,178 36,704 211,882
Additions 7,458 680 8,138
At 31 March 2024 182,636 37,384 220,020
DEPRECIATION
At 1 April 2023 - 25,512 25,512
Charge for year - 2,968 2,968
At 31 March 2024 - 28,480 28,480
NET BOOK VALUE
At 31 March 2024 182,636 8,904 191,540
At 31 March 2023 175,178 11,192 186,370

6. STOCKS
2024 2023
£    £   
Stocks 10,318 10,318

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 1,691 772

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 511 -
Accruals and deferred income 6,036 9,494
6,547 9,494

THE ORPINGTON AND DISTRICT ANGLING
ASSOCIATION LIMITED (REGISTERED NUMBER: 04048697)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. RESERVES
Income
and
expenditure Non-distributable
account reserve Totals
£    £    £   

At 1 April 2023 192,007 9,003 201,010
Surplus for the year 16,906 16,906
At 31 March 2024 208,913 9,003 217,916

10. LIMITED BY GUARANTEE

The company is limited by guarantee and therefore has no share capital. Each member's guarantee liability is limited to £1.