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REGISTERED NUMBER: 11459267 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

R M DREW DEVELOPMENTS LIMITED

R M DREW DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459267)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R M DREW DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R M Drew
Mrs C M Drew





SECRETARY:





REGISTERED OFFICE: Garth Madryn
Felinfach
Brecon
Powys
LD3 0UE





REGISTERED NUMBER: 11459267 (England and Wales)





ACCOUNTANTS: The Dewan Partnership
Chartered Certified Accountants
8 Wheat Street
Brecon
Powys
LD3 7DG

R M DREW DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459267)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 143,277 133,336

CURRENT ASSETS
Stocks 224,546 129,075
Debtors 5 8,400 18,918
Investments 6 133,066 133,066
Cash at bank 38,295 127,818
404,307 408,877
CREDITORS
Amounts falling due within one year 7 19,401 26,162
NET CURRENT ASSETS 384,906 382,715
TOTAL ASSETS LESS CURRENT
LIABILITIES

528,183

516,051

CREDITORS
Amounts falling due after more than one
year

8

(378,372

)

(387,233

)

PROVISIONS FOR LIABILITIES (9,445 ) (11,886 )
NET ASSETS 140,366 116,932

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 140,266 116,832
140,366 116,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

R M DREW DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459267)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





R M Drew - Director


R M DREW DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459267)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

R M Drew Developments 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.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 (2023 - 2 ) .

R M DREW DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 54,662 110,617 165,279
Additions - 22,786 22,786
Disposals - (3,700 ) (3,700 )
At 31 March 2024 54,662 129,703 184,365
DEPRECIATION
At 1 April 2023 - 31,943 31,943
Charge for year - 9,848 9,848
Eliminated on disposal - (703 ) (703 )
At 31 March 2024 - 41,088 41,088
NET BOOK VALUE
At 31 March 2024 54,662 88,615 143,277
At 31 March 2023 54,662 78,674 133,336

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 8,400 18,918

6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Development Land - Erwood 133,066 133,066

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,239 4,288
Taxation and social security 13,661 19,525
Other creditors 4,501 2,349
19,401 26,162

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 3,406 8,874
Other creditors 374,966 378,359
378,372 387,233

R M DREW DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11459267)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Family Loan 185,000 170,000