THE DRH COLLECTION LIMITED

Company Registration Number:
05160168 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

THE DRH COLLECTION LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

THE DRH COLLECTION LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 618,449 734,154
Debtors:   549,510 349,537
Cash at bank and in hand: 290,001 582,729
Investments:   0 0
Total current assets: 1,457,960 1,666,420
Creditors: amounts falling due within one year: 3 (314,469) (387,467)
Net current assets (liabilities): 1,143,491 1,278,953
Total assets less current liabilities: 1,143,491 1,278,953
Creditors: amounts falling due after more than one year: 4 (94,125) (154,125)
Total net assets (liabilities): 1,049,366 1,124,828
Capital and reserves
Called up share capital: 1,000 1,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 1,048,366 1,123,828
Shareholders funds: 1,049,366 1,124,828

The notes form part of these financial statements

THE DRH COLLECTION LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 December 2024
and signed on behalf of the board by:

Name: D R Holmes
Status: Director

The notes form part of these financial statements

THE DRH COLLECTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

The turnover shown in the profit and loss account represents the value of goods and services provided during the year, stated net of value added tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Motor Vehicles-over 4 years Fixtures & Fittings-over 5 years Computer Equipment-over 3 years

Other accounting policies

Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Operating lease agreements Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. Deferred taxation Deferred taxation is provided on all timing differences, without discounting, calculated at the rate at which it is estimated that tax will be payable, except where otherwise required by accounting standards. Foreign currencies Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

THE DRH COLLECTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 8 8

THE DRH COLLECTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Creditors: amounts falling due within one year note

Creditors falling due within one year total £314,469 (2023: £387,467) and comprise: Trade creditors £149,028 (2023: £162,962) and comprise: PAYE and social security £18,415 (2023: £23,999), VAT £64,074 (2023: £96,848), Bank loan £60,000 (2023: 60,000), Other creditors £(2,598) (2023: £108) Accruals and deferred income £25,550 (2023: £43,550)

THE DRH COLLECTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due after more than one year note

Creditors falling due after one year comprise long term loans due to shareholders of £79,125 (2023: £79,125) and Bank loan repayable between one and five years of £15,000 (2023: £75,000). Interest on the shareholder loans is charged at Bank of England base rate, payable from 1 April 2011. There are no defined repayment dates.

THE DRH COLLECTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Related party transactions

Name of the related party: Mr P D Baughman
Relationship:
Director
Description of the Transaction: During the year the company purchased goods for resale from BIA Cordon Bleu HK Ltd. and BIA Cordon Bleu inc. amounting to £168,721 (2023: £237,025). Mr P D Baughman, a director and shareholder of both these companies, is a director and shareholder in The DRH Collection Ltd..
£
Balance at 01 April 2023 168,721
Balance at 31 March 2024 237,025