REGISTERED NUMBER: 09053802 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Isle Of Wight Freshwater Angling Company

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Oatley

Mr E Hayles

Mr S Pearce

Mr I Winn

Mrs S Winn

SECRETARY:

Mr J M Creaser

REGISTERED OFFICE:

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

REGISTERED NUMBER:

09053802 (England and Wales)

ACCOUNTANTS:

Allegri & Co.

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

BANKERS:

NatWest Bank plc

St.James Street

Newport

Isle of Wight

PO30 1AB

FIXED ASSETS

Tangible assets

4

439,439

427,711

CURRENT ASSETS

Stocks

65,996

65,996

Debtors

5

900

900

Cash at bank and in hand

130,642

127,821

197,538

194,717

CREDITORS

Amounts falling due within one year

6

3,750

1,698

NET CURRENT ASSETS

193,788

193,019

TOTAL ASSETS LESS CURRENT LIABILITIES

633,227

620,730

RESERVES

Income and expenditure account

633,227

620,730

633,227

620,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2026 and were signed on its behalf by:

Mr I Winn - Director

Mrs S Winn - Director

1.	STATUTORY INFORMATION

Isle Of Wight Freshwater Angling Company 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

258,371

218,964

477,335

Additions

-

18,720

18,720

At 31 March 2026

258,371

237,684

496,055

DEPRECIATION

At 1 April 2025

-

49,624

49,624

Charge for year

-

6,992

6,992

At 31 March 2026

-

56,616

56,616

NET BOOK VALUE

At 31 March 2026

258,371

181,068

439,439

At 31 March 2025

258,371

169,340

427,711

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

900

900

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Taxation and social security

809

797

Other creditors

2,941

901

3,750

1,698