Registered number
10107301
DRAYCOTT GROUP LTD
Filleted Accounts
30 April 2023
DRAYCOTT GROUP LTD
Registered number: 10107301
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 - 1,401,097
Cash at bank and in hand 378,568 100
378,568 1,401,197
Creditors: amounts falling due within one year 4 (750,000) (1,401,097)
Net current (liabilities)/assets (371,432) 100
Net (liabilities)/assets (371,432) 100
Capital and reserves
Called up share capital 100 100
Profit and loss account (371,532) -
Shareholder's funds (371,432) 100
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sajid Ghaffar
Director
Approved by the board on 26 September 2023
DRAYCOTT GROUP LTD
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Related party transactions - 1,401,097
4 Creditors: amounts falling due within one year 2023 2022
£ £
Director's current accounts - 651,097
Related party transactions 750,000 750,000
750,000 1,401,097
5 Related party transactions
Included in creditors is loan received from Cavendish Land & Property Ltd and Gerschon Gold Ltd in which director is a shareholder.
6 Controlling party
The company is controlled by Mr S Ghaffar, who owns 100% of the shareholding.
7 Other information
DRAYCOTT GROUP LTD is a private company limited by shares and incorporated in England. Its registered office is:
Harlech Court
Bute Terrace
Cardiff
CF10 2FE
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