REGISTERED NUMBER: 07373409 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DERWENT FLY FISHING CLUB LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D G Owen

M Ritson

D W Rowley

R Sedgwick

K P Jordan

C McKay

A C Womack

S N Welch

SECRETARY:

K P Jordan

REGISTERED OFFICE:

First Floor

Unit 4

Broadfield Court

Sheffield

South Yorkshire

S8 0XF

REGISTERED NUMBER:

07373409 (England and Wales)

ACCOUNTANTS:

Marriott Gibbs Rees Wallis Limited

Chartered Certified Accountants

First Floor

Unit 4, Broadfield Court

Sheffield

South Yorkshire

S8 0XF

FIXED ASSETS

Intangible assets

4

248,172

254,191

Tangible assets

5

6,772

7,464

254,944

261,655

CURRENT ASSETS

Debtors

6

-

194

Cash at bank

31,697

15,200

31,697

15,394

CREDITORS

Amounts falling due within one year

7

9,191

10,231

NET CURRENT ASSETS

22,506

5,163

TOTAL ASSETS LESS CURRENT LIABILITIES

277,450

266,818

CREDITORS

Amounts falling due after more than one year

8

4,025

10,165

NET ASSETS

273,425

256,653

RESERVES

Other reserves

107,147

107,147

Income and expenditure account

166,278

149,506

273,425

256,653

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:

D W Rowley - Director

1.	STATUTORY INFORMATION

Derwent Fly Fishing Club Ltd 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.

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.

Turnover

Turnover represents the total subscriptions, joining fees and donations receivable in the year.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Fishing rights are being amortised evenly over their estimated useful life of fifty years.

Tangible fixed assets

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

Freehold property

-

Freehold land is not depreciated

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest

payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer

settlement of the liability for at least twelve months after the reporting date.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Fishing

rights

£

COST

At 1 January 2024

and 31 December 2024

300,964

AMORTISATION

At 1 January 2024

46,773

Amortisation for year

6,019

At 31 December 2024

52,792

NET BOOK VALUE

At 31 December 2024

248,172

At 31 December 2023

254,191

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

6,767

5,177

15,204

27,148

DEPRECIATION

At 1 January 2024

-

5,177

14,507

19,684

Charge for year

-

-

692

692

At 31 December 2024

-

5,177

15,199

20,376

NET BOOK VALUE

At 31 December 2024

6,767

-

5

6,772

At 31 December 2023

6,767

-

697

7,464

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

-

194

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

7,860

8,953

Trade creditors

2

-

Taxation and social security

39

43

Other creditors

1,290

1,235

9,191

10,231

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,025

10,165

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

11,885

19,118

The long-term loans are secured by fishing rights held by the company.

10.	COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute and amount not exceeding £1 towards the assets of the company in the event of liquidation.