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REGISTERED NUMBER: 15232742 (England and Wales)















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: O T Drake





REGISTERED OFFICE: 115c Milton Road
Cambridge
Cambridgeshire
CB4 1XE





REGISTERED NUMBER: 15232742 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
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 11,427
Cash at bank 17,829
29,256
CREDITORS
Amounts falling due within one year 5 39,554
NET CURRENT LIABILITIES (10,298 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,298

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (10,398 )
(10,298 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2024 and were signed by:





O T Drake - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 6 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 8,223
Director's current account 1,394
Prepayments 1,810
11,427

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 10,121
Amounts owed to group undertakings 28,683
Accruals and deferred income 750
39,554

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.