REGISTERED NUMBER: 10987941 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

C M Taylor Holdings Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

C M Taylor

REGISTERED OFFICE:

Datum House

Electra Way

Crewe

Cheshire

CW1 6ZF

REGISTERED NUMBER:

10987941 (England and Wales)

ACCOUNTANTS:

Banks Sheridan

Datum House

Electra Way

Crewe

Cheshire

CW1 6ZF

FIXED ASSETS

Intangible assets

5

-

6,000

Tangible assets

6

-

29,808

-

35,808

CURRENT ASSETS

Stocks

7

-

134,300

Debtors: amounts falling due within one year

8

6,625

10,113

Debtors: amounts falling due after more than one year

8

-

3,010

Cash at bank and in hand

48,161

4,508

54,786

151,931

CREDITORS

Amounts falling due within one year

9

(49,610

)

(86,605

)

NET CURRENT ASSETS

5,176

65,326

TOTAL ASSETS LESS CURRENT LIABILITIES

5,176

101,134

CREDITORS

Amounts falling due after more than one year

10

-

(34,586

)

NET ASSETS

5,176

66,548

CAPITAL AND RESERVES

Called up share capital

13

100

54,058

Retained earnings

5,076

12,490

5,176

66,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 October 2025 and were signed by:

C M Taylor - Director

1.	STATUTORY INFORMATION

HF Angling Limited ('The Company') was primarily engaged in the sale of angling supplies.

The company is a private company limited by shares and is incorporated in England and Wales. The registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern

As noted in the Post Balance Sheet Events note, the director intends to apply for the company to be removed from the Companies House register once all of its affairs have been finalised.

The accounts have been prepared on a break up basis with all assets recorded at their recoverable amount and provisions made for all liabilities up to the proposed finalisation of the company's affairs.

Turnover

Revenue (described as turnover) is the value of goods (net of VAT) provided to customers during the year. Revenue is recognised on the date goods are despatched.

Intangible assets

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

Website costs are being amortised evenly over their estimated useful life of 5 years once the website has become live.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33.33% on cost

No depreciation is charged on short leasehold expenditure as the residual value on the expiry of the lease is equal to the cost.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).

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 end of the financial year.

Deferred tax

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

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 profit or loss on a straight line basis over the period of the lease.

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.

Impairment of assets

Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Website

costs

£

COST

At 1 February 2024

15,000

Disposals

(15,000

)

At 31 January 2025

-

AMORTISATION

At 1 February 2024

9,000

Eliminated on disposal

(9,000

)

At 31 January 2025

-

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

6,000

6.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2024

24,243

12,676

2,001

38,920

Disposals

(24,243

)

(12,676

)

(2,001

)

(38,920

)

At 31 January 2025

-

-

-

-

DEPRECIATION

At 1 February 2024

-

7,111

2,001

9,112

Eliminated on disposal

-

(7,111

)

(2,001

)

(9,112

)

At 31 January 2025

-

-

-

-

NET BOOK VALUE

At 31 January 2025

-

-

-

-

At 31 January 2024

24,243

5,565

-

29,808

7.

STOCKS

2025

2024

£

£

Stocks

-

134,300

8.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Other debtors

-

63

Amounts owed by related

parties

906

-

Tax

4,877

6

VAT

842

-

Called up share capital not paid

-

100

Prepayments and accrued income

-

9,944

6,625

10,113

Amounts falling due after more than one year:

Deferred tax asset

-

3,010

Aggregate amounts

6,625

13,123

Amounts owed by related parties are unsecured, interest free and repayable on demand.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 11)

35,137

5,764

Trade creditors

135

51,879

Taxation and social security

554

3,309

Other creditors

13,784

25,653

49,610

86,605

Amounts owed to related parties are unsecured, interest free and payable on demand.

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 11)

-

34,586

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

-

11,529

11.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

35,137

5,764

Other loans

-

3,685

35,137

9,449

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

5,764

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

17,293

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

-

11,529

12.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

-

3,685

The other loan was personally guaranteed by the director.

13.	CALLED UP SHARE CAPITAL

On 7 February 2024 the company purchased 53,958 Preference £1 shares for £53,958. These shares were cancelled following the purchase.

14.	RELATED PARTY DISCLOSURES

Transactions with related parties during the year and balances outstanding at the end of the reporting period were as follows:

Entities that have an interest in the company:

2025

2024

£

£

Management charges payable to entities

-

5,287

Amounts owed to entities

-

802

Entities that are under common control:

2025

2024

£

£

Amounts owed by entities

906

-

15.	POST BALANCE SHEET EVENTS

The company disposed of its operations on 8 February 2024 and since this date the director has been considering various new business opportunities for the company.