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REGISTERED NUMBER: 11654473 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Drayton Capital Limited

Drayton Capital Limited (Registered number: 11654473)






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


Drayton Capital Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R Jackson





SECRETARY:





REGISTERED OFFICE: 16 Beaufort Court
Admirals Way
Canary Wharf
London
E14 9XL





REGISTERED NUMBER: 11654473 (England and Wales)





ACCOUNTANTS: RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL

Drayton Capital Limited (Registered number: 11654473)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 500,000 500,000

CURRENT ASSETS
Debtors 5 347 347
Cash at bank 148 7,134
495 7,481
CREDITORS
Amounts falling due within one year 6 24,408 25,319
NET CURRENT LIABILITIES (23,913 ) (17,838 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

476,087

482,162

CREDITORS
Amounts falling due after more than one
year

7

(363,021

)

(368,257

)

PROVISIONS FOR LIABILITIES (14,250 ) (14,250 )
NET ASSETS 98,816 99,655

CAPITAL AND RESERVES
Called up share capital 2 2
Non distributable reserves 60,750 60,750
Retained earnings 38,064 38,903
98,816 99,655

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 director acknowledges his 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.

Drayton Capital Limited (Registered number: 11654473)

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 director and authorised for issue on 29 September 2024 and were signed by:





R Jackson - Director


Drayton Capital Limited (Registered number: 11654473)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Drayton Capital 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.

There is a fixed charge from Hampshire Trust Bank plc dated 14 July 2020 on 3205, Sky View Tower, E15 2GU.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 500,000
NET BOOK VALUE
At 31 March 2024 500,000
At 31 March 2023 500,000

Drayton Capital Limited (Registered number: 11654473)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 75,000
Cost 425,000
500,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 347 347

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,100 5,100
Trade creditors - (1 )
Other creditors 19,308 20,220
24,408 25,319

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 363,021 368,257

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 331,500 331,500