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Company Registration No. 12106045 (England and Wales)
Drakcap Limited Unaudited accounts for the year ended 31 December 2024
Drakcap Limited Unaudited accounts Contents
Page
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Drakcap Limited Company Information for the year ended 31 December 2024
Directors
A E Packard P J Packard
Company Number
12106045 (England and Wales)
Registered Office
5 Keswick Close Tonbridge TN9 1LP UNITED KINGDOM
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Drakcap Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
355,000 
355,000 
Current assets
Debtors
1,500 
1,548 
Cash at bank and in hand
12,617 
10,681 
14,117 
12,229 
Creditors: amounts falling due within one year
(6,005)
(5,485)
Net current assets
8,112 
6,744 
Total assets less current liabilities
363,112 
361,744 
Creditors: amounts falling due after more than one year
(360,911)
(360,911)
Net assets
2,201 
833 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,199 
831 
Shareholders' funds
2,201 
833 
For the year ending 31 December 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 January 2025 and were signed on its behalf by
P J Packard Director Company Registration No. 12106045
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Drakcap Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Drakcap Limited is a private company, limited by shares, registered in England and Wales, registration number 12106045. The registered office is 5 Keswick Close, Tonbridge, TN9 1LP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 January 2024
355,000 
At 31 December 2024
355,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,500 
1,548 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
780 
520 
Loans from directors
1,225 
965 
Accruals
4,000 
4,000 
6,005 
5,485 
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Drakcap Limited Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
242,913 
242,913 
Other creditors
117,998 
117,998 
360,911 
360,911 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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