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REGISTERED NUMBER: 15253188 (England and Wales)





Whitewell Fishing Association Limited

Unaudited Financial Statements

for the Year Ended 31 October 2024






Whitewell Fishing Association Limited (Registered number: 15253188)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Whitewell Fishing Association Limited

Company Information
for the year ended 31 October 2024







DIRECTORS: C I Appleton
J Birtwistle
D Birtwistle
D W Bradley
D M Mcallister
L Morris
M Richards
J A Smith
C J Blincoe





REGISTERED OFFICE: Pullman House
2-4 Duck Street
Clitheroe
United Kingdom
BB7 1LP





REGISTERED NUMBER: 15253188 (England and Wales)





ACCOUNTANTS: Simon Hart FCCA
Hart Wright Accounting
Chartered Certified Accountants
24 Hall Drive
Sutton In Craven
North Yorkshire
BD20 7NH

Whitewell Fishing Association Limited (Registered number: 15253188)

Balance Sheet
31 October 2024

Notes £   
FIXED ASSETS
Tangible assets 4 290,556

CURRENT ASSETS
Cash at bank 139,164

CREDITORS
Amounts falling due within one year 5 (2,344 )
NET CURRENT ASSETS 136,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

427,376

CREDITORS
Amounts falling due after more than one
year

6

(7,270

)
NET ASSETS 420,106

RESERVES
Revaluation reserve 7 (35,640 )
Income and expenditure account 455,746
420,106

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 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 4 December 2024 and were signed on its behalf by:




C J Blincoe - Director


Whitewell Fishing Association Limited (Registered number: 15253188)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Whitewell Fishing Association Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 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.

Whitewell Fishing Association Limited (Registered number: 15253188)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
Additions 459,572
Revaluations (169,016 )
At 31 October 2024 290,556
NET BOOK VALUE
At 31 October 2024 290,556

Cost or valuation at 31 October 2024 is represented by:

Land and
buildings
£   
Valuation in 2023 459,572
Valuation in 2024 (169,016 )
290,556

If Freehold waters had not been revalued it would have been included at the following historical cost:

£   
Cost 459,572
Aggregate depreciation 169,016

Value of land in freehold land and buildings 290,556

Freehold waters were valued on an open market basis basis on 29 April 2024 by John Atherton MRICS .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1
Taxation and social security 974
Other creditors 1,369
2,344

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 7,270

Whitewell Fishing Association Limited (Registered number: 15253188)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

7. RESERVES
Revaluation
reserve
£   
At 1 November 2023
and 31 October 2024 (35,640 )

8. MEMBERS' LIABILITY

The company is limited by guarantee not having a share capital and consequently the liability of members is limited subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.