Company Registration No. 12106045 (England and Wales)
Drakcap Limited
Unaudited accounts
for the year ended 31 December 2024
Drakcap Limited
Unaudited accounts
Contents
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
Drakcap Limited
Statement of financial position
as at 31 December 2024
Investment property
355,000
355,000
Cash at bank and in hand
12,617
10,681
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)
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
Drakcap Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Fair value at 1 January 2024
355,000
At 31 December 2024
355,000
Amounts falling due within one year
Accrued income and prepayments
1,500
1,548
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
1,225
965
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
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).