The Orpington And District Angling Assoc - Accounts to registrar (filleted)

REGISTERED NUMBER: 04048697 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2026

FOR

THE ORPINGTON AND DISTRICT ANGLING

ASSOCIATION LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

5

214,545

210,475

CURRENT ASSETS

Stocks

6

11,805

Debtors

7

-

965

Cash at bank

40,708

9,920

52,513

22,690

CREDITORS

Amounts falling due within one year

8

40,880

6,141

NET CURRENT ASSETS

11,633

16,549

TOTAL ASSETS LESS CURRENT
LIABILITIES

226,178

227,024

CREDITORS

Amounts falling due after more than
one year

9

4,223

-

NET ASSETS

221,955

227,024

RESERVES

Non-distributable reserve

10

9,003

Income and expenditure account

10

212,952

218,021

221,955

227,024

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by:

S Easterby - Director

1.	STATUTORY INFORMATION

The Orpington And District Angling Association Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04048697

Registered office:

Pharmacy Chambers

High Street

Wadhurst

East Sussex

TN5 6AP

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

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.

Equipment

-

25% on reducing balance

All assets are initially valued at cost.

The value of the freehold land is reconsidered by the directors annually.

Stock

Stock represents the original cost of stocking an angling lake on the freehold property with fish, plus subsequent additions.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Freehold

property

Equipment

Totals

£

COST OR VALUATION

At 1 April 2025

193,076

51,678

244,754

Additions

-

11,227

At 31 March 2026

193,076

62,905

255,981

DEPRECIATION

At 1 April 2025

-

34,279

Charge for year

-

7,157

At 31 March 2026

-

41,436

NET BOOK VALUE

At 31 March 2026

193,076

21,469

214,545

At 31 March 2025

193,076

17,399

210,475

Cost or valuation at 31 March 2026 is represented by:

Freehold

property

Equipment

Totals

£

Valuation in 2022

9,003

-

9,003

Cost

184,073

62,905

246,978

193,076

62,905

255,981

The freehold property is held at original cost, plus additions to date together with an increase in valuation in 2022 of £9,003.

6.

STOCKS

2026

2025

£

Stocks

11,805

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Prepayments and accrued income

-

965

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Other creditors

1,474

44

Directors' current accounts

1,966

-

Accruals and deferred income

37,440

6,097

40,880

6,141

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2026

2025

£

Directors' loan accounts

4,223

-

10.

RESERVES

Income and

expenditure

Non-distributable

account

reserve

Totals

£

At 1 April 2025

218,021

9,003

227,024

Deficit for the year

(5,069

)

(5,069

)

At 31 March 2026

212,952

9,003

221,955

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, a director has made a loan to the company of £7,500, to fund an asset purchase. The loan is being repaid at £164 per month, and is interest-free. At the year end, the balance on this loan stood at £6,189 (2025: £Nil).

12.	LIMITED BY GUARANTEE

The company is limited by guarantee and therefore has no share capital. Each member's guarantee liability is limited to £1.