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REGISTERED NUMBER: 07533496 (England and Wales)















DRD CAPITAL LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






DRD CAPITAL LIMITED (REGISTERED NUMBER: 07533496)






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


DRD CAPITAL LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R L Gangotra





SECRETARY: R L Gangotra





REGISTERED OFFICE: 64 Great Hampton Street
Hockley
Birmingham
West Midlands
B18 6EL





REGISTERED NUMBER: 07533496 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

DRD CAPITAL LIMITED (REGISTERED NUMBER: 07533496)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163,306 86,069
Investments 5 75,215 27,205
Investment property 6 648,667 773,000
887,188 886,274

CURRENT ASSETS
Debtors 7 3,022,669 1,795,764
Cash at bank 171,715 30,293
3,194,384 1,826,057
CREDITORS
Amounts falling due within one year 8 1,978,354 647,413
NET CURRENT ASSETS 1,216,030 1,178,644
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,103,218

2,064,918

CREDITORS
Amounts falling due after more than one
year

9

(349,892

)

(298,030

)

PROVISIONS FOR LIABILITIES (52,993 ) (39,768 )

ACCRUALS AND DEFERRED INCOME 11 - (45,000 )
NET ASSETS 1,700,333 1,682,120

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,700,133 1,681,920
1,700,333 1,682,120

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.

DRD CAPITAL LIMITED (REGISTERED NUMBER: 07533496)

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 2 December 2024 and were signed by:





R L Gangotra - Director


DRD CAPITAL LIMITED (REGISTERED NUMBER: 07533496)

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

1. STATUTORY INFORMATION

DRD 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.

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.

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.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DRD CAPITAL LIMITED (REGISTERED NUMBER: 07533496)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 44,440 122,266 166,706
Additions - 118,476 118,476
At 31 March 2024 44,440 240,742 285,182
DEPRECIATION
At 1 April 2023 16,581 64,056 80,637
Charge for year 8,888 32,351 41,239
At 31 March 2024 25,469 96,407 121,876
NET BOOK VALUE
At 31 March 2024 18,971 144,335 163,306
At 31 March 2023 27,859 58,210 86,069

The net book value of assets held under HP as at the period end is £118,490 (2023 - £22,519).

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 27,205
Additions 48,010
At 31 March 2024 75,215
NET BOOK VALUE
At 31 March 2024 75,215
At 31 March 2023 27,205

DRD CAPITAL LIMITED (REGISTERED NUMBER: 07533496)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 773,000
Disposals (124,333 )
At 31 March 2024 648,667
NET BOOK VALUE
At 31 March 2024 648,667
At 31 March 2023 773,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,273 21,587
Amounts owed by group undertakings 2,927,075 1,616,298
Other debtors 78,587 70,217
Directors' current accounts - 87,662
Prepayments 2,734 -
3,022,669 1,795,764

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,482 17,482
Hire purchase contracts 24,725 47,161
Trade creditors 80,743 -
Amounts owed to group undertakings 681,039 583,284
Social security and other taxes 20,366 (2,114 )
Other creditors 1,100,000 -
Directors' current accounts 52,399 -
Accruals and deferred income 1,600 1,600
1,978,354 647,413

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 17,482 17,482
Bank loans - 2-5 years 52,446 52,446
Bank loans more 5 yr by instal 167,292 228,102
Hire purchase contracts 112,672 -
349,892 298,030

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 167,292 228,102

DRD CAPITAL LIMITED (REGISTERED NUMBER: 07533496)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 137,397 47,161

The hire purchase liability is secured against the asset to which it relates.

11. ACCRUALS AND DEFERRED INCOME
2024 2023
£    £   
ERDF Grant - 45,000

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
R L Gangotra
Balance outstanding at start of year 87,662 -
Amounts advanced 231,186 87,662
Amounts repaid (371,247 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (52,399 ) 87,662

The directors loan account is interest free and repayable on demand.

13. ULTIMATE CONTROLLING PARTY

The controlling party is R L Gangotra.