Company No:
Contents
Director | F M Notte |
Registered office | 2nd Floor 168 Shoreditch High Street |
London | |
E1 6RA | |
United Kingdom |
Company number | 13903550 (England and Wales) |
Accountant | Kreston Reeves LLP |
2nd Floor | |
168 Shoreditch High Street | |
London | |
E1 6RA |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Investment property | 3 |
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890,774 | 890,774 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand | 5 |
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18,034 | 27,683 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current liabilities | (391,016) | (417,931) | ||
Total assets less current liabilities | 499,758 | 472,843 | ||
Creditors: amounts falling due after more than one year | 7 | (
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Net assets/(liabilities) |
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Capital and reserves | ||||
Called-up share capital | 8 |
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Profit and loss account |
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Total shareholders' funds/(deficit) |
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Director's responsibilities:
The financial statements of Dragon Armoury Creative (registered number:
F M Notte
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Dragon Armoury Creative (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor 168 Shoreditch High Street, London, E1 6RA, United Kingdom. The principal activity of the company is that of property management.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Investment property | |
£ | |
Valuation | |
As at 01 March 2023 |
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As at 29 February 2024 |
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2024 | 2023 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Cash at bank and in hand |
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2024 | 2023 | ||
£ | £ | ||
Bank loans |
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Amounts owed to related parties |
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Taxation and social security |
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Other creditors |
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2024 | 2023 | ||
£ | £ | ||
Bank loans |
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2024 | 2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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During the year the company received a loan from FMN Limited of £4,800 (2023: £380,709), a company controlled by F M Notte, the director and shareholder of the company. At the balance sheet date the amount outstanding was £385,509 (2023: £380,709). During the year the company received rental income of £33,600 (2023: £11,500) from FMN Limited. At the balance sheet date the amount outstanding was £Nil (2023: £11,500). In addition, the company received rental income of £18,000 (2023: £7,500) from F M Notte in the current year, at the balance sheet date the amount outstanding was £Nil (2023: £7,500). During the year, the company had a loan account with its director, at the year end the company owed the director £10,520 (2023: £28,520).