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Registered number: 11546565
Dru Property Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11546565
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 2,480,465 1,345,933
2,480,465 1,345,933
CURRENT ASSETS
Debtors 5 26,292 75
Cash at bank and in hand 168,887 207,696
195,179 207,771
Creditors: Amounts Falling Due Within One Year 6 (2,119,302 ) (1,325,138 )
NET CURRENT ASSETS (LIABILITIES) (1,924,123 ) (1,117,367 )
TOTAL ASSETS LESS CURRENT LIABILITIES 556,342 228,566
Creditors: Amounts Falling Due After More Than One Year 7 (245,953 ) -
NET ASSETS 310,389 228,566
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 310,289 228,466
SHAREHOLDERS' FUNDS 310,389 228,566
Page 1
Page 2
For the year ending 30 September 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P Drury
Director
25 June 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dru Property Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rental Income
Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight line basis over the lease term.
2.3. Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. 
In the opinion of the director the investment property is included at an amount that accords to its fair value at the balance sheet date.
2.4. Taxation
Taxation for the year comprises current 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 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.
2.5. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 1)
3 1
4. Investment Property
2024
£
Fair Value
As at 1 October 2023 1,345,933
Additions 1,134,532
As at 30 September 2024 2,480,465
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,367 -
Prepayments and accrued income 21,925 75
26,292 75
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 27,523 17,260
VAT 5,200 4,946
Other creditors - 9,950
Accruals and deferred income 1,759 1,627
Directors' loan accounts 2,084,820 1,291,355
2,119,302 1,325,138
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 245,953 -
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 245,953 -
8. Secured Creditors
Of the creditors the following amounts are secured against the property 467 Gorton Road, Stockport, SK5 6NR.
2024 2023
£ £
Bank loans and overdrafts 245,953 -
9. Share Capital
2024 2023
Allotted, called up but not fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
Page 4