REGISTERED NUMBER: 08979526 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

DOWNLAND FIELDSPORTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Wilson-North

REGISTERED OFFICE:

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

REGISTERED NUMBER:

08979526 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

89,093

40,663

CURRENT ASSETS

Debtors

5

4,222

15,000

Cash at bank

10,630

6,263

14,852

21,263

CREDITORS

Amounts falling due within one year

6

59,531

40,678

NET CURRENT LIABILITIES

(44,679

)

(19,415

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,414

21,248

CREDITORS

Amounts falling due after more than one year

7

(4,574

)

(12,413

)

PROVISIONS FOR LIABILITIES

(13,155

)

(3,654

)

NET ASSETS

26,685

5,181

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

26,585

5,081

SHAREHOLDERS' FUNDS

26,685

5,181

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th October 2025 and were signed by:

G Wilson-North - Director

1.	STATUTORY INFORMATION

Downland Fieldsports 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.

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 gross invoiced sales of services, less value added tax calculated at a flat rate on those gross sales, which are recognised when the services are provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st February 2024

51,972

36,450

88,422

Additions

56,495

16,483

72,978

At 31st January 2025

108,467

52,933

161,400

DEPRECIATION

At 1st February 2024

31,220

16,539

47,759

Charge for year

15,450

9,098

24,548

At 31st January 2025

46,670

25,637

72,307

NET BOOK VALUE

At 31st January 2025

61,797

27,296

89,093

At 31st January 2024

20,752

19,911

40,663

Fixed assets include assets financed under hire purchase arrangements with a net book value of £14,400 (2023:£14,095).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Related company debtor

3,000

15,000

Prepayments and accrued income

1,222

-

4,222

15,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,224

8,021

Hire purchase contracts

3,508

4,100

Trade creditors

4,251

6,366

Social security and other taxes

-

365

VAT

8,710

947

Directors' current accounts

32,838

18,879

Accrued expenses

2,000

2,000

59,531

40,678

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans >1 year

3,574

11,905

Hire purchase contracts

1,000

508

4,574

12,413

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

4,508

4,608

The Hire Purchase creditors are secured over the assets which they finance.

9.	RELATED PARTY DISCLOSURES

The sole Director and shareholder is also a Director of the not-for-profit membership organisation, The West Ilsley Sporting Club Limited. The company charges for management charges and during the year charged £8,167 (2024- £15,000) for such charges. At the year end £3,000 (2024-£15,000) is owed to the company.