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Company registration number: 14838929
(England and Wales)
ALRESFORD ANGLING ASSOCIATION
Company limited by guarantee
Unaudited filleted financial statements
for the year ended
31 May 2025
ALRESFORD ANGLING ASSOCIATION
Company limited by guarantee
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
ALRESFORD ANGLING ASSOCIATION
Company limited by guarantee
Directors and other information

| Director | Mr Michael Day
| Secretary | Mr P Standing
| Company number | 14838929
| Registered office | 6 Drakes Approach
|  | Clacton-On-Sea
|  | Essex
|  | CO15 2PX
| Business address | 6 Drakes Approach
|  | Clacton-On-Sea
|  | Essex
|  | CO15 2PX
| Accountants | Griffin Chapman
|  | 4 & 5 The Cedars, Apex 12
|  | Old Ipswich Road
|  | Colchester
|  | Essex
|  | CO7 7QR

ALRESFORD ANGLING ASSOCIATION
Company limited by guarantee
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of ALRESFORD ANGLING ASSOCIATION
Year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ALRESFORD ANGLING ASSOCIATION for the year ended 31 May 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of ALRESFORD ANGLING ASSOCIATION, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of ALRESFORD ANGLING ASSOCIATION and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ALRESFORD ANGLING ASSOCIATION and its director as a body for our work or for this report.
It is your duty to ensure that ALRESFORD ANGLING ASSOCIATION has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ALRESFORD ANGLING ASSOCIATION. You consider that ALRESFORD ANGLING ASSOCIATION is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of ALRESFORD ANGLING ASSOCIATION. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Griffin Chapman
4 & 5 The Cedars, Apex 12
Old Ipswich Road
Colchester
Essex
CO7 7QR
10 November 2025
ALRESFORD ANGLING ASSOCIATION
Company limited by guarantee
Statement of financial position
31 May 2025

|  |  | 31/05/25 |  |  |  | 31/05/24 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 6 | 381,829 |  |  |  | 381,829 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 381,829 |  |  |  | 381,829
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 7 | 4,621 |  |  |  | 4,464 |  |
Cash at bank and in hand |  |  | 54,715 |  |  |  | 59,115 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 59,336 |  |  |  | 63,579 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 8 | ( 121,397) |  |  |  | ( 119,466) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current liabilities |  |  |  |  | ( 62,061) |  |  |  | ( 55,887)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 319,768 |  |  |  | 325,942
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 9 |  |  | ( 172,757) |  |  |  | ( 202,500)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 147,011 |  |  |  | 123,442
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Fair value reserve |  | 10 |  |  | 93,290 |  |  |  | 93,290
Profit and loss account |  | 10 |  |  | 53,721 |  |  |  | 30,152
|  |  |  |  | _______ |  |  |  | _______
Members funds |  |  |  |  | 147,011 |  |  |  | 123,442
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 May 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 November 2025 , and are signed on behalf of the board by:
Mr Michael Day
Director
Company registration number: 14838929
ALRESFORD ANGLING ASSOCIATION
Company limited by guarantee
Notes to the financial statements
Year ended 31 May 2025
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 6 Drakes Approach, Clacton-On-Sea, Essex, CO15 2PX.
The principal activity of the company continues to be that of a members angling club.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover represents the value of membership subscriptions together with other, related, ancillary income. The membership income is measured in the period to which it relates to.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is only recognised on non mutual trading taxable profits for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:

| Land | - | 0 %

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
Every member of the association undertakes to contribute such amount as may be required (not exceeding £1) to the associations assets if it should be wound up while they are a member or within one year after they cease to be a member for the payment of the associations debts and liabilities contracted before they cease to be a member and of the cost, charges and expenses of winding up and for the adjustment of the rights of the contributories among themselves.
5. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2024: Nil).
6. Tangible assets

|  | Freehold property | Total |  |  |  |  |
|  | £ | £ |  |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 June 2024 and 31 May 2025 | 381,829 | 381,829 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 June 2024 and 31 May 2025 | - | - |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 31 May 2025 | 381,829 | 381,829 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 31 May 2024 | 381,829 | 381,829 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |

7. Debtors

|  |  | 31/05/25 | 31/05/24
|  |  | £ | £
| Other debtors |  | 4,621 | 4,464
|  |  | _______ | _______

8. Creditors: amounts falling due within one year

|  |  | 31/05/25 | 31/05/24
|  |  | £ | £
| Corporation tax |  | 132 | 390
| Other creditors |  | 121,265 | 119,076
|  |  | _______ | _______
|  |  | 121,397 | 119,466
|  |  | _______ | _______

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

|  |  | 31/05/25 | 31/05/24
|  |  | £ | £
| Other creditors |  | 172,757 | 202,500
|  |  | _______ | _______

Included within creditors: amounts falling due after more than one year is an amount of £ 37,757 (2024 £ 67,500 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
Other creditors contain a loan which is secured against the freehold property held by the company. The capital is being repaid in 7 equal annual instalments with the first payment being made in July 2024. Full repayment is due in 2030. The interest rate is fixed at 1.75% above the Bank of England base rate prevailing at the time of repayment.
10. Reserves
The other reserve represents the excess of assets over liabilities introduced into the company on incorporation .