REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
DRAKE CROFT LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
DRAKE CROFT LTD |
DRAKE CROFT LTD (REGISTERED NUMBER: 01896280) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 December 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
DRAKE CROFT LTD |
COMPANY INFORMATION |
for the year ended 31 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
19-20 Bourne Court |
Southend Road |
Woodford Green |
Essex |
IG8 8HD |
DRAKE CROFT LTD (REGISTERED NUMBER: 01896280) |
ABRIDGED BALANCE SHEET |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Maintenance reserves | 5 |
General reserves | 5 |
Retained earnings | 5 |
SHAREHOLDERS' FUNDS |
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. |
DRAKE CROFT LTD (REGISTERED NUMBER: 01896280) |
ABRIDGED BALANCE SHEET - continued |
31 December 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
DRAKE CROFT LTD (REGISTERED NUMBER: 01896280) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Drake Croft Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents ground rent, service charges and other income receivable. |
Short term debtors and creditors |
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. |
Freehold property |
The company has opted for a policy of not revaluing its tangible fixed assets. Additions in subsequent years are stated at cost. Such buildings are not depreciated. The value and condition are reviewed annually by the company, who is satisfied that the residual value is not materially less than the book value. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
DRAKE CROFT LTD (REGISTERED NUMBER: 01896280) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2023 |
5. | RESERVES |
Maintenance reserves |
2023 | 2022 |
£ | £ |
At 1 January 2023 | 65,360 | 43,160 |
Release of provision | (11,370 | ) | - |
Provision for future requirements | 10,200 | 22,200 |
Balance as at 31 December 2023 | 64,190 | 65,360 |
General reserves |
2023 | 2022 |
£ | £ |
At 1 January 2023 | 801 | 801 |
Release of provision | - | - |
Provision for future requirements | - | - |
Balance as at 31 December 2023 | 801 | 801 |
Retained earnings |
2023 | 2022 |
£ | £ |
At 1 January 2023 | 14,354 | 13,154 |
Profit/(Loss) | (2,287 | ) | 1,200 |
Balance as at 31 December 2023 | 12,067 | 14,354 |