REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 24 OCTOBER 2023 TO 31 MARCH 2024 |
FOR |
DRAKE PROPERTIES AND DEVELOPMENTS LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 24 OCTOBER 2023 TO 31 MARCH 2024 |
FOR |
DRAKE PROPERTIES AND DEVELOPMENTS LTD |
DRAKE PROPERTIES AND DEVELOPMENTS LTD (REGISTERED NUMBER: 15232742) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 24 OCTOBER 2023 TO 31 MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
DRAKE PROPERTIES AND DEVELOPMENTS LTD |
COMPANY INFORMATION |
FOR THE PERIOD 24 OCTOBER 2023 TO 31 MARCH 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
115c Milton Road |
Cambridge |
CB4 1XE |
DRAKE PROPERTIES AND DEVELOPMENTS LTD (REGISTERED NUMBER: 15232742) |
BALANCE SHEET |
31 MARCH 2024 |
Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
The financial statements were approved by the director and authorised for issue on |
DRAKE PROPERTIES AND DEVELOPMENTS LTD (REGISTERED NUMBER: 15232742) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 24 OCTOBER 2023 TO 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Drake Properties And Developments Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis. This may not be appropriate because at 31st March 2024 the company's current liabilities exceeded its current assets by £10,298 and total liabilities of the company were £39,554. The company is reliant upon the continued support of its director, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided, as necessary, to enable the company to continue as a going concern. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Taxation |
Taxation for the period comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Director's current account | 1,394 |
Prepayments |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to group undertakings |
Accruals and deferred income |
DRAKE PROPERTIES AND DEVELOPMENTS LTD (REGISTERED NUMBER: 15232742) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 24 OCTOBER 2023 TO 31 MARCH 2024 |
6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
At 31st March the director's loan account was overdrawn by £1,394. This will be repaid to the company within nine months of the year end. |
7. | ULTIMATE CONTROLLING PARTY |
The ultimate parent company is J&J Drake Limited, a company incorporated in the United Kingdom, by virtue of its 100% ownership of the issued ordinary share capital. |