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REGISTERED NUMBER: 11975365 (England and Wales)















Financial Statements for the Year Ended 31st May 2024

for

Drakes Property (Kent) Ltd

Drakes Property (Kent) Ltd (Registered number: 11975365)

Contents of the Financial Statements
for the year ended 31st May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Drakes Property (Kent) Ltd

Company Information
for the year ended 31st May 2024







DIRECTOR: Miss V L Scarfe





REGISTERED OFFICE: 17 Drakes Avenue
Rochester
Kent
ME2 3LN





REGISTERED NUMBER: 11975365 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

Drakes Property (Kent) Ltd (Registered number: 11975365)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 312 112

CURRENT ASSETS
Debtors 5 37,520 33,731
Cash at bank 3,549 11,810
41,069 45,541
CREDITORS
Amounts falling due within one year 6 44,478 50,239
NET CURRENT LIABILITIES (3,409 ) (4,698 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,097

)

(4,586

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,197 ) (4,686 )
(3,097 ) (4,586 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 director and authorised for issue on 11th October 2024 and were signed by:





Miss V L Scarfe - Director


Drakes Property (Kent) Ltd (Registered number: 11975365)

Notes to the Financial Statements
for the year ended 31st May 2024


1. STATUTORY INFORMATION

Drakes Property (Kent) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Drakes Property (Kent) Ltd (Registered number: 11975365)

Notes to the Financial Statements - continued
for the year ended 31st May 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 449
Additions 415
At 31st May 2024 864
DEPRECIATION
At 1st June 2023 337
Charge for year 215
At 31st May 2024 552
NET BOOK VALUE
At 31st May 2024 312
At 31st May 2023 112

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 37,520 33,731

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 43,076 49,507
Taxation and social security 670 -
Other creditors 732 732
44,478 50,239

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2024 and 31st May 2023:

2024 2023
£    £   
Miss V L Scarfe
Balance outstanding at start of year 41,649 39,613
Amounts advanced 32,445 41,649
Amounts repaid (41,649 ) (39,613 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,445 41,649