REGISTERED NUMBER: |
Whitewell Fishing Association Limited |
Unaudited Financial Statements |
for the Year Ended 31 October 2024 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
NET ASSETS |
RESERVES |
Revaluation reserve | 7 | ( |
) |
Income and expenditure account |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
Revaluations | ( |
) |
At 31 October 2024 |
NET BOOK VALUE |
At 31 October 2024 |
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 |
Taxation and social security |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other creditors |
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 | ( |
) |
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. |