Caseware UK (AP4) 2016.0.181 2016.0.181 2018-03-312018-03-31trueNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse2017-04-01 8947815 2017-04-01 2018-03-31 8947815 2016-04-01 2017-03-31 8947815 2018-03-31 8947815 2017-03-31 8947815 c:Director1 2017-04-01 2018-03-31 8947815 d:CurrentFinancialInstruments 2018-03-31 8947815 d:CurrentFinancialInstruments 2017-03-31 8947815 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-31 8947815 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 8947815 d:ShareCapital 2018-03-31 8947815 d:ShareCapital 2017-03-31 8947815 d:RetainedEarningsAccumulatedLosses 2018-03-31 8947815 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2018-03-31 8947815 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2017-03-31 8947815 c:FRS102 2017-04-01 2018-03-31 8947815 c:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 8947815 c:FullAccounts 2017-04-01 2018-03-31 8947815 c:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 iso4217:GBP xbrli:pure

Registered number: 8947815









DRP PROJECTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

 
DRP PROJECTS LIMITED
REGISTERED NUMBER: 8947815

BALANCE SHEET
AS AT 31 MARCH 2018

2018
2017
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
99,085
100,600

  
99,085
100,600

Creditors: amounts falling due within one year
 5 
(64,800)
(100,500)

Net current assets
  
 
 
34,285
 
 
100

Total assets less current liabilities
  
34,285
100

  

Net assets
  
34,285
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
34,185
-

  
34,285
100


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
Mrs S Patel
Director

Date: 12 November 2018
The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
DRP PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1.


General information

DRP Projects Limited is a private company limited by shares. The company is incorporated in England and Wales its registered address is Aston House, Cornwall Avenue, London N3 1LF. The registered number is 8947815.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.


The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

 
DRP PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

 
2.4

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 debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

 
2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2017 - 1).


4.


Cash and cash equivalents

2018
2017
£
£

Cash at bank and in hand
99,085
100,600

99,085
100,600


Page 3

 
DRP PROJECTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

5.


Creditors: Amounts falling due within one year

2018
2017
£
£

Other loans
56,781
100,500

Corporation tax
8,019
-

64,800
100,500



6.


Financial instruments

2018
2017
£
£

Financial assets


Financial assets measured at fair value through profit or loss
99,085
100,600

99,085
100,600





7.


Related party transactions

At the balance sheet date the amount of £56,781 (2017: £100,500) was owed to 32 Eastbury Avenue LLP. DRP Projects Limited is a member of 32 Eastbury Avenue LLP.

 
Page 4