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REGISTERED NUMBER: 10706830 (England and Wales)








Financial Statements

for the Year Ended

29 February 2024

for

Drewmark Property Limited

Drewmark Property Limited (Registered number: 10706830)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Drewmark Property Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: A J Broughton-Taylor
Mrs B M Broughton-Taylor
Mrs L A Nock
J A Broughton-Taylor





REGISTERED OFFICE: Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 10706830 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Drewmark Property Limited (Registered number: 10706830)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 493,371 467,362

CURRENT ASSETS
Cash at bank 26,975 86,600

CREDITORS
Amounts falling due within one year 5 274,987 300,767
NET CURRENT LIABILITIES (248,012 ) (214,167 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,359

253,195

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 245,259 253,095
SHAREHOLDERS' FUNDS 245,359 253,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 30 September 2024 and were signed on its behalf by:





A J Broughton-Taylor - Director


Drewmark Property Limited (Registered number: 10706830)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Drewmark Property 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 as modified by the revaluation of certain assets.

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.

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.

Investments
Investments are included at fair value.
The company's portfolio of investments are stated at bid price. All increases and decreases in market value at the balance sheet date are included in the Income Statement

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 467,362
Additions 18,130
Disposals (21,133 )
Revaluations 29,012
At 29 February 2024 493,371
NET BOOK VALUE
At 29 February 2024 493,371
At 28 February 2023 467,362

Drewmark Property Limited (Registered number: 10706830)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2024 31,237
Cost 462,134
493,371

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 25,780
Other creditors 274,987 274,987
274,987 300,767

6. RELATED PARTY DISCLOSURES

At 29 February 2024 the company owed £274,987 (2023: £274,987) to the directors.