DRIFT GREEN LIMITED

Company Registration Number:
02107035 (England and Wales)

Unaudited abridged accounts for the year ended 29 December 2021

Period of accounts

Start date: 30 December 2020

End date: 29 December 2021

DRIFT GREEN LIMITED

Contents of the Financial Statements

for the Period Ended 29 December 2021

Balance sheet
Notes

DRIFT GREEN LIMITED

Balance sheet

As at 29 December 2021


Notes

2021

2020


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 0 0
Debtors:   0 0
Cash at bank and in hand: 5,770 7,208
Investments:   2,256,651 2,256,651
Total current assets: 2,262,421 2,263,859
Creditors: amounts falling due within one year: 3 (32,000) (33,200)
Net current assets (liabilities): 2,230,421 2,230,659
Total assets less current liabilities: 2,230,421 2,230,659
Total net assets (liabilities): 2,230,421 2,230,659
Capital and reserves
Called up share capital: 7,146,000 7,146,000
Profit and loss account: (4,915,579) (4,915,341)
Shareholders funds: 2,230,421 2,230,659

The notes form part of these financial statements

DRIFT GREEN LIMITED

Balance sheet statements

For the year ending 29 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 September 2022
and signed on behalf of the board by:

Name: Brett Isenberg
Status: Director

The notes form part of these financial statements

DRIFT GREEN LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

Going concern: On 4 February 2016 the trade and assets of the Company were sold to DBG One Limited. The Company continues to be supported by the director who is meeting the administration costs until such time as the company recommences trading. Reserves: Profit and Loss: This reserve represents cumulative profits and losses and actuarial gains and losses on the defined benefit pension scheme.

DRIFT GREEN LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2021

2. Employees

2021 2020
Average number of employees during the period 1 2

DRIFT GREEN LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2021

3. Creditors: amounts falling due within one year note

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.Directors Loan account: £32,000 (2020: £32,000)Accruals: £NIL (2020: £1,200)

DRIFT GREEN LIMITED

Notes to the Financial Statements

for the Period Ended 29 December 2021

4. Related party transactions

The Company has taken advantage of the exemption permitted by Section 33 Related Party Disclosures, not to provide disclosures of transactions entered into between two or more members of a group that are wholly owned.