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REGISTERED NUMBER: 01277028 (England and Wales)












Lower Tamar Fishing Club Limited

Unaudited Financial Statements

for the Year Ended 31st October 2024






Lower Tamar Fishing Club Limited (Registered number: 01277028)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lower Tamar Fishing Club Limited

Company Information
for the Year Ended 31st October 2024







DIRECTORS: Mr P J D Hodgson CBE, DL
Sir Richard Dearlove KCMG, OBE
Mr A L Oliver
Mr M J Symons
Mr S Symons
Mr H R Unsworth
Mr A C Wareham





SECRETARY: Mr P J D Hodgson CBE, DL





REGISTERED OFFICE: 48 Arwenack Street
Falmouth
Cornwall
TR11 3JH





REGISTERED NUMBER: 01277028 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

Lower Tamar Fishing Club Limited (Registered number: 01277028)

Statement of Financial Position
31st October 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 166,482 167,007
Investments 5 205,983 175,868
372,465 342,875

CURRENT ASSETS
Debtors 6 1,610 1,280
Cash at bank 38,860 36,106
40,470 37,386
CREDITORS
Amounts falling due within one year 7 (1,725 ) (1,336 )
NET CURRENT ASSETS 38,745 36,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,210

378,925

PROVISIONS FOR LIABILITIES (3,845 ) -
NET ASSETS 407,365 378,925

CAPITAL AND RESERVES
Called up share capital 168,000 168,000
Retained earnings 239,365 210,925
SHAREHOLDERS' FUNDS 407,365 378,925

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

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

Lower Tamar Fishing Club Limited (Registered number: 01277028)

Statement of Financial Position - continued
31st October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th February 2025 and were signed on its behalf by:





Mr P J D Hodgson CBE, DL - Director


Lower Tamar Fishing Club Limited (Registered number: 01277028)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Lower Tamar Fishing Club Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land - not provided for on Land
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fixed asset investments
Fixed asset investments consists of listed securities of individual companies, investment trusts, bond funds and similar instruments. Fixed asset investments are measured at fair value at the statement of financial position date.

Fair value is based on the quoted market price in an active market at the reporting date. Fair value adjustments arising from a difference between the cost and current market price of the securities are recognised in profit or loss at the valuation date.

Lower Tamar Fishing Club Limited (Registered number: 01277028)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts, discounted at a market rate of interest.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
land machinery vehicles Totals
£    £    £    £   
COST
At 1st November 2023
and 31st October 2024 164,904 3,168 16,950 185,022
DEPRECIATION
At 1st November 2023 - 1,602 16,413 18,015
Charge for year - 391 134 525
At 31st October 2024 - 1,993 16,547 18,540
NET BOOK VALUE
At 31st October 2024 164,904 1,175 403 166,482
At 31st October 2023 164,904 1,566 537 167,007

Lower Tamar Fishing Club Limited (Registered number: 01277028)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST OR VALUATION
At 1st November 2023 175,868
Additions 19,280
Disposals (19,215 )
Revaluations 30,050
At 31st October 2024 205,983
NET BOOK VALUE
At 31st October 2024 205,983
At 31st October 2023 175,868

Cost or valuation at 31st October 2024 is represented by:

Other
investment
£   
Valuation in 2020 14,713
Valuation in 2021 31,359
Valuation in 2022 (49,417 )
Valuation in 2023 (4,663 )
Valuation in 2024 30,050
Cost 183,941
205,983

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 183,941 180,685

Fixed asset investments were valued on an open market basis on 31st October 2024 by Brewin Dolphin .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 1,610 1,280

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 269 240
Other creditors 1,456 1,096
1,725 1,336