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REGISTERED NUMBER: 01896280 (England and Wales)












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: Mr T I Uprichard
Mr P L Nicholls
Mr N P Ryan





SECRETARY: Mr T I Uprichard





REGISTERED OFFICE: Drake Croft
8 Queen Elizabeths Walk
London
N16 0HY





REGISTERED NUMBER: 01896280 (England and Wales)





ACCOUNTANTS: Raffingers LLP
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 4,671 4,671

CURRENT ASSETS
Debtors 6,397 9,281
Cash at bank 67,126 67,559
73,523 76,840
CREDITORS
Amounts falling due within one year 1,124 984
NET CURRENT ASSETS 72,399 75,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,070

80,527

CAPITAL AND RESERVES
Called up share capital 12 12
Maintenance reserves 5 64,190 65,360
General reserves 5 801 801
Retained earnings 5 12,067 14,354
SHAREHOLDERS' FUNDS 77,070 80,527

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.

DRAKE CROFT LTD (REGISTERED NUMBER: 01896280)

ABRIDGED BALANCE SHEET - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 August 2024 and were signed on its behalf by:




Mr T I Uprichard - Director



Mr P L Nicholls - Director


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 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 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 4,671
NET BOOK VALUE
At 31 December 2023 4,671
At 31 December 2022 4,671

DRAKE CROFT LTD (REGISTERED NUMBER: 01896280)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. RESERVES

Maintenance reserves
20232022
££
At 1 January 202365,36043,160
Release of provision(11,370)-
Provision for future requirements10,20022,200
Balance as at 31 December 202364,19065,360



General reserves
20232022
££
At 1 January 2023801801
Release of provision--
Provision for future requirements--
Balance as at 31 December 2023801801


Retained earnings
20232022
££
At 1 January 202314,35413,154
Profit/(Loss)(2,287)1,200
Balance as at 31 December 202312,06714,354