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REGISTERED NUMBER: 11090940 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Dropjaw Ventures Group Ltd

Dropjaw Ventures Group Ltd (Registered number: 11090940)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Dropjaw Ventures Group Ltd

Company Information
for the Year Ended 31 December 2023







Directors: R E Shelton
P Shelton





Registered office: 3 Cheshires Way
Saighton
Chester
CH3 6BB





Registered number: 11090940 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Dropjaw Ventures Group Ltd (Registered number: 11090940)

Statement of Financial Position
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 8,074 8,721
Investments 5 45,815 45,815
53,889 54,536

Current assets
Debtors 6 83,406 121,934
Cash at bank 5,391 2,337
88,797 124,271
Creditors
Amounts falling due within one year 7 121,293 131,443
Net current liabilities (32,496 ) (7,172 )
Total assets less current liabilities 21,393 47,364

Creditors
Amounts falling due after more than
one year

8

(15,034

)

(25,175

)

Provisions for liabilities 9 - (1,657 )
Net assets 6,359 20,532

Capital and reserves
Called up share capital 100 100
Retained earnings 6,259 20,432
6,359 20,532

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 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.

Dropjaw Ventures Group Ltd (Registered number: 11090940)

Statement of Financial Position - continued
31 December 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 Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





R E Shelton - Director


Dropjaw Ventures Group Ltd (Registered number: 11090940)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Dropjaw Ventures Group Ltd 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.

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.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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 - 15% reducing balance
Computer equipment - 33% reducing balance

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.

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.

Dropjaw Ventures Group Ltd (Registered number: 11090940)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. Accounting policies - continued

Investments in participating interests
Investments in participating interests are recognised at cost.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 2 ) .

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 January 2023 13,334 3,617 16,951
Additions 975 - 975
At 31 December 2023 14,309 3,617 17,926
Depreciation
At 1 January 2023 5,547 2,683 8,230
Charge for year 1,314 308 1,622
At 31 December 2023 6,861 2,991 9,852
Net book value
At 31 December 2023 7,448 626 8,074
At 31 December 2022 7,787 934 8,721

5. Fixed asset investments
Interest
in other
participating Other
interests investments Totals
£    £    £   
Cost
At 1 January 2023
and 31 December 2023 15 45,800 45,815
Net book value
At 31 December 2023 15 45,800 45,815
At 31 December 2022 15 45,800 45,815

Dropjaw Ventures Group Ltd (Registered number: 11090940)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. Debtors: amounts falling due within one year
31/12/23 31/12/22
£    £   
Trade debtors 22,606 59,634
Other debtors 60,800 62,300
83,406 121,934

7. Creditors: amounts falling due within one year
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 9,897 9,653
Trade creditors 4,307 8,034
Taxation and social security 35,998 46,425
Other creditors 71,091 67,331
121,293 131,443

8. Creditors: amounts falling due after more than one year
31/12/23 31/12/22
£    £   
Bank loans 15,034 25,175

9. Provisions for liabilities
31/12/23 31/12/22
£    £   
Deferred tax
Accelerated capital allowances - 1,657

Deferred
tax
£   
Balance at 1 January 2023 1,657
Credit to Statement of Income and Retained Earnings during
year

(1,657

)
Balance at 31 December 2023 -

10. Related party disclosures

The directors have made loans to the company. The balance on these loans at 31 December 2023 was £67,099 (2022: £64,758). These loans are interest-free and repayable on demand.