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Drumstyle Properties Limited

Registered Number
06795229
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

Drumstyle Properties Limited
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

M Squire

Registered Address

32 Tamerton Close
Tamerton Foliot
Plymouth
PL5 4JX

Registered Number

06795229 (England and Wales)
Drumstyle Properties Limited
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3302,000302,000
Investments4-2
302,000302,002
Current assets
Debtors518,78621,884
Cash at bank and on hand22,59318,232
41,37940,116
Creditors amounts falling due within one year6(2,764)(2,258)
Net current assets (liabilities)38,61537,858
Total assets less current liabilities340,615339,860
Net assets340,615339,860
Capital and reserves
Called up share capital44
Revaluation reserve87,96387,963
Other reserves57,07857,078
Profit and loss account195,570194,815
Shareholders' funds340,615339,860
The financial statements were approved and authorised for issue by the Director on 23 April 2025, and are signed on its behalf by:
M Squire
Director
Registered Company No. 06795229
Drumstyle Properties Limited
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Current 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.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 January 24302,000302,000
At 31 December 24302,000302,000
Net book value
At 31 December 24302,000302,000
At 31 December 23302,000302,000
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 January 2422
Transfers(2)(2)
Net book value
At 31 December 24--
At 31 December 2322

Notes

1Investments in group undertakings and participating interests
5.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings18,78621,884
Total18,78621,884
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security904992
Accrued liabilities and deferred income1,8601,266
Total2,7642,258