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REGISTERED NUMBER: 08549357 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

THE DRAPER MANAGEMENT COMPANY LIMITED

THE DRAPER MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 08549357)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE DRAPER MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: D Draper





REGISTERED OFFICE: Priors Hall
Shuckburgh Road
Priors Marston
Southam
Warwickshire
CV47 7RS





REGISTERED NUMBER: 08549357 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

THE DRAPER MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 08549357)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,766 43,112

CURRENT ASSETS
Debtors 5 333,138 337,052
Cash at bank 269,634 308,085
602,772 645,137
CREDITORS
Amounts falling due within one year 6 587,999 633,086
NET CURRENT ASSETS 14,773 12,051
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,539

55,163

CREDITORS
Amounts falling due after more than one
year

7

(37,466

)

(50,600

)

PROVISIONS FOR LIABILITIES (6,547 ) (4,009 )
NET ASSETS 3,526 554

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 3,426 454
SHAREHOLDERS' FUNDS 3,526 554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 DRAPER MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 08549357)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2023


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 director and authorised for issue on 8 April 2024 and were signed by:





D Draper - Director


THE DRAPER MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 08549357)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

The Draper Management Company Limited is a private company, limited by shares , 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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


THE DRAPER MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 08549357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 67,081
Additions 1,263
At 31 May 2023 68,344
DEPRECIATION
At 1 June 2022 23,969
Charge for year 11,609
At 31 May 2023 35,578
NET BOOK VALUE
At 31 May 2023 32,766
At 31 May 2022 43,112

THE DRAPER MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 08549357)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 34,099 104,577
Amounts owed by participating interests 124,374 124,374
Other debtors 174,665 108,101
333,138 337,052

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,154 3,174
Trade creditors 23,795 119,360
Taxation and social security 134,193 91,213
Other creditors 416,857 409,339
587,999 633,086

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,000 30,000
Hire purchase contracts 17,466 20,600
37,466 50,600

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director operated a loan with the company with no fixed terms of repayment or interest. Amounts advanced during the year were £130,591 (2022 - £108,101) and repayments during the year were £108,101 (2022 - £111,536). At the year end the amount owing to the company is £130,591 (2022 - £108,101).

9. RELATED PARTY DISCLOSURES

During the year the company operated loans with other companys of which the directors have an involvement. At the year end the balance due was £124,374 (2022 - £124,374). The loans are interest free and there are no fixed terms of repayment.