DRAW INVESTMENTS LTD

Company Registration Number:
10865222 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

DRAW INVESTMENTS LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

DRAW INVESTMENTS LTD

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Investments: 3 300,000 510,000
Total fixed assets: 300,000 510,000
Current assets
Debtors:   1,492 1,946
Cash at bank and in hand: 19,265 4,239
Total current assets: 20,757 6,185
Creditors: amounts falling due within one year:   (134,201) (113,053)
Net current assets (liabilities): (113,444) (106,868)
Total assets less current liabilities: 186,556 403,132
Creditors: amounts falling due after more than one year: 4 (196,798) (332,527)
Provision for liabilities: (2,370) (2,370)
Total net assets (liabilities): (12,612) 68,235
Capital and reserves
Called up share capital: 200 200
Revaluation reserve:5151,816151,816
Profit and loss account: (164,628) (83,781)
Shareholders funds: (12,612) 68,235

The notes form part of these financial statements

DRAW INVESTMENTS LTD

Balance sheet statements

For the year ending 31 July 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 29 April 2025
and signed on behalf of the board by:

Name: Ruth Witter
Status: Director

The notes form part of these financial statements

DRAW INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DRAW INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

DRAW INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Fixed investments

Investment property comprises properties at fair value of £300,000. The fair value of the investment properties have been arrived at on the basis of a valuation carried out by the directors' best estimate. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties and valuations carried out by lenders. There has been no valuation of investment property by an independent valuer.

DRAW INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

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

Creditors include bank loans which are secured against the properties held in the company's name of £196,798 (2023 - £332,527).

DRAW INVESTMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Revaluation reserve

2024
£
Balance at 01 August 2023 151,816
Surplus or deficit after revaluation 0
Balance at 31 July 2024 151,816