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REGISTERED NUMBER: 11272290 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DRW PROPERTY (SOUTH) LTD

DRW PROPERTY (SOUTH) LTD (REGISTERED NUMBER: 11272290)






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


DRW PROPERTY (SOUTH) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr A Dulay
Mr N J Reeves
Mr M L White





REGISTERED OFFICE: 28a The Hundred
Romsey
Hampshire
SO51 8BW





REGISTERED NUMBER: 11272290 (England and Wales)





ACCOUNTANTS: Kumar Associates
Chartered Certified Accountants
28a The Hundred
Romsey
Hampshire
SO51 8BW

DRW PROPERTY (SOUTH) LTD (REGISTERED NUMBER: 11272290)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 325,000 325,000

CURRENT ASSETS
Cash at bank 3,799 1,223

CREDITORS
Amounts falling due within one year 5 33,505 26,679
NET CURRENT LIABILITIES (29,706 ) (25,456 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,294

299,544

CREDITORS
Amounts falling due after more than one
year

6

225,342

225,342
NET ASSETS 69,952 74,202

CAPITAL AND RESERVES
Called up share capital 66 66
Revaluation reserve 7 192,756 192,756
Retained earnings 7 (122,870 ) (118,620 )
SHAREHOLDERS' FUNDS 69,952 74,202

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 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.

DRW PROPERTY (SOUTH) LTD (REGISTERED NUMBER: 11272290)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





Mr N J Reeves - Director


DRW PROPERTY (SOUTH) LTD (REGISTERED NUMBER: 11272290)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

DRW Property (South) 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 325,000
NET BOOK VALUE
At 31 March 2024 325,000
At 31 March 2023 325,000

On 14th January 2019 the leasehold property was revalued at market price of £325,000.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,821 8,284
Other creditors 25,684 18,395
33,505 26,679

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 225,342 225,342

DRW PROPERTY (SOUTH) LTD (REGISTERED NUMBER: 11272290)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 225,342 225,342

7. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 (118,620 ) 192,756 74,136
Deficit for the year (4,250 ) (4,250 )
At 31 March 2024 (122,870 ) 192,756 69,886