Hull Angling Centre Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 6742762

Hull Angling Centre Limited

Filleted Unaudited Financial Statements

31 March 2025

Hull Angling Centre Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		57,687		29,842

Current assets

Stocks		200,975	275,813
Debtors	7	166,761	212,602
Cash at bank and in hand		89,361	138,210
		---------	---------
		457,097	626,625

Creditors: amounts falling due within one year	8	221,714		373,035
		---------		---------
Net current assets			235,383		253,590
			---------		---------
Total assets less current liabilities			293,070		283,432

Creditors: amounts falling due after more than one year	9		2,218		12,419

Provisions

Taxation including deferred tax	10,960	5,670
	---------	---------
Net assets	279,892	265,343
	---------	---------

Capital and reserves

Called up share capital	10	3	3
Profit and loss account		279,889	265,340
		---------	---------
Shareholders funds		279,892	265,343
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Hull Angling Centre Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 4 August 2025 , and are signed on behalf of the board by:

Steven Ashton
Director

Company registration number: 6742762

Hull Angling Centre Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hull Angling Centre, Holderness Road, Hull, East Yorkshire, HU9 3DS.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less, or to receive more tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Particulars of employees

The average number of persons employed by the company during the year amounted to 4 (2024: 6 ).

5. Taxation on ordinary activities

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	820	4,648

Deferred tax:

Origination and reversal of timing differences	5,290	( 1,890)
	-------	-------
Taxation on ordinary activities	6,110	2,758
	-------	-------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	51,190	49,728	100,918
Additions	3,542	64,511	68,053
Disposals	–	( 49,728)	( 49,728)
	--------	--------	---------
At 31 March 2025	54,732	64,511	119,243
	--------	--------	---------
Depreciation
At 1 April 2024	42,327	28,749	71,076
Charge for the year	3,101	16,128	19,229
Disposals	–	( 28,749)	( 28,749)
	--------	--------	---------
At 31 March 2025	45,428	16,128	61,556
	--------	--------	---------
Carrying amount
At 31 March 2025	9,304	48,383	57,687
	--------	--------	---------
At 31 March 2024	8,863	20,979	29,842
	--------	--------	---------

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings	158,602	212,602
Prepayments and accrued income	8,159	–
	---------	---------
	166,761	212,602
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	77,674
Trade creditors	131,956	195,787
Accruals and deferred income	1,485	1,100
Corporation tax	820	4,648
Social security and other taxes	50,186	75,288
Director loan accounts	22,945	16,971
Other creditors	4,322	1,567
	---------	---------
	221,714	373,035
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,218	12,419
	-------	--------

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
'A' Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----
	3	3	3	3
	----	----	----	----

11. Director's advances, credits and guarantees

During the year there were no director's advances, credits and guarantees.