REGISTERED NUMBER: |
Burnsall Angling Club Proprietors |
Limited |
Unaudited Financial Statements |
for the Year Ended 30 September 2024 |
REGISTERED NUMBER: |
Burnsall Angling Club Proprietors |
Limited |
Unaudited Financial Statements |
for the Year Ended 30 September 2024 |
Burnsall Angling Club Proprietors |
Limited (Registered number: 00869583) |
Contents of the Financial Statements |
for the year ended 30 September 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Chartered Accountants' Report | 6 |
Burnsall Angling Club Proprietors |
Limited |
Company Information |
for the year ended 30 September 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Aireside House |
Aireside Business Centre |
Royd Ings Avenue |
Keighley |
West Yorkshire |
BD21 4BZ |
Burnsall Angling Club Proprietors |
Limited (Registered number: 00869583) |
Balance Sheet |
30 September 2024 |
30.9.24 | 30.9.23 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Other reserves | 7 |
Retained earnings | 7 |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Burnsall Angling Club Proprietors |
Limited (Registered number: 00869583) |
Notes to the Financial Statements |
for the year ended 30 September 2024 |
1. | STATUTORY INFORMATION |
Burnsall Angling Club Proprietors Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
The Fishing rights held by the company are stated in the balance sheet at their revalued amount. The revalued amounts equates to the fair value at the date of revaluation, less any depreciation or impairment losses subsequently accumulated. Revaluations are carried out on a regular basis so that the carrying amount does not materially differ from using the fair value at the date of the balance sheet. |
Any revaluation increase or decrease on the Fishing rights is credited to the revaluation reserve in other reverse. |
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. |
If the Fishing rights were to be sold any attributable revaluation surplus that is remaining in the revaluation reserve will be transferred to retained earnings |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
Burnsall Angling Club Proprietors |
Limited (Registered number: 00869583) |
Notes to the Financial Statements - continued |
for the year ended 30 September 2024 |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST OR VALUATION |
At 1 October 2023 |
Additions |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
Cost or valuation at 30 September 2024 is represented by: |
Land and |
buildings |
£ |
Valuation in 2017 | 35,689 |
Cost | 90,393 |
126,082 |
If Fishing rights had not been revalued they would have been included at the following historical cost: |
30.9.24 | 30.9.23 |
£ | £ |
Cost | 90,393 | 70,931 |
Fishing Rights were valued on open market basis on 30 September 2017 by Dacre Son & Hartley . |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Other creditors |
7. | RESERVES |
Retained | Other |
earnings | reserves | Totals |
£ | £ | £ |
At 1 October 2023 | 37,094 |
Profit for the year |
At 30 September 2024 | 37,094 |
Burnsall Angling Club Proprietors |
Limited (Registered number: 00869583) |
Notes to the Financial Statements - continued |
for the year ended 30 September 2024 |
8. | CONTINGENT LIABILITIES |
There is a contingent liability for the lease rentals in the name of the company, currently paid by Appletreewick, Barden and Burnsall Angling Club, should the club cease to operate. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Burnsall Angling Club Proprietors |
Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Burnsall Angling Club Proprietors Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Burnsall Angling Club Proprietors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Burnsall Angling Club Proprietors Limited and state those matters that we have agreed to state to the Board of Directors of Burnsall Angling Club Proprietors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Burnsall Angling Club Proprietors Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Burnsall Angling Club Proprietors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Burnsall Angling Club Proprietors Limited. You consider that Burnsall Angling Club Proprietors Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Burnsall Angling Club Proprietors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Aireside House |
Aireside Business Centre |
Royd Ings Avenue |
Keighley |
West Yorkshire |
BD21 4BZ |
Date: ............................................. |